Interest Subvention
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Cabinet Approves 1.5% Interest Aid On Agriculture Loan
The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved an interest subvention of 1.5 per cent per annum on short-term agriculture loans up to Rs 3 lakh.
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RBI Revises Norms For Banks On Interest Subvention Scheme On Crop Loan
RBI on Thursday modified norms for banks to claim the amount of interest subvention provided to farmers under the short-term crop loan scheme
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Convert Half Your Fleet To Electric By 2023: Delhi To Commercial Vehicle Owners
Delhi Transport minister Kailash Gahlot on Sunday urged commercial vehicle owners to convert half of their fleet to electric by 2023, saying a five per cent interest subvention scheme will be soon launched for them.
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Budget 2021: Interest Subvention Scheme For MSMEs Must Be Extended, Says Industry Body
Budget 2021: Indian Chamber of Commerce suggests that the interest subvention scheme for MSMEs must be extended with enhanced coverage of three-four per cent to the extent of Rs 300 lakh
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Budget 2021: Lower Stamp Duty, Easing Income Tax Norms Needed For Real Estate
Budget 2021: Currently, the government offers interest subvention of one per cent for low-cost housing loans up to Rs 15 lakh, provided the housing cost does not exceed Rs 25 lakh
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Budget 2019: 2% Interest Subvention For GST-Registered MSMEs On Fresh Loans
The Finance Minister also announced that pension benefits will be offered to three crore shop owners with annual turnovers less than Rs 1.5 crore under a new scheme titled Pradhan Mantri Man Dhan Yojna.
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Nirmala Sitharaman To Meet Agriculture Ministry Officials On Tuesday
Under the scheme, interest subvention is provided to NABARD, regional rural banks, cooperative banks, public sector banks and scheduled private sector banks for providing short-term credit to farmers at a subsidised rate of interest.
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Budget May Consider Sops To Small Enterprises Export Units: Report
The other fiscal boosters like cheaper finance of lower interest rates and interest rate subvention can also form part of the incentives
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Budget 2019: Finance Minister Piyush Goyal Announces 2% Interest Subvention For MSMEs On Loan Up To Rs 1 Cr
Budget 2019: The government on Friday announced 2 per cent interest subvention for micro, small and medium enterprises (MSMEs) for loans up to Rs 1 crore.
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Farmers To Get Crop Loans At Subsidised 7%, Aadhaar Link A Must
"To ensure hassle-free benefits to farmers under the Interest Subvention Scheme, the banks are advised to make Aadhaar linkage mandatory for availing of short-term crop loans in 2017-18," RBI said in a notification to banks.
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PM Modi's New Year Sops To Cost Government Rs 3,500 Crore Annually: SBI
"The overall fiscal impact of all these measures announced by the PM on December 31, will be around Rs 3,500 crore per year, which is minimal compared to the social and economic benefits," SBI Research said in a note.
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Realty, Housing Finance Stocks Gain After PM Announces Schemes
In his address to the nation, PM Modi said home loans in urban areas up to Rs 9 lakh and Rs 12 lakh will receive interest subvention of 4 per cent and 3 per cent, respectively.
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Farmers Get Additional 60 Days To Repay Crop Loans
In a relief to farmers hit by demonetisation, the Reserve Bank today gave an additional 60 days to repay their crop loans due in November-December and said that prompt repayment would be eligible for the extra 3 per cent interest subsidy.
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Farmers To Get Short-Term Loan At 7% Interest Rate In FY17
Under the interest subvention scheme approved by the Cabinet today, farmers will get loans of up to Rs 3 lakh for a period of one year at an interest rate of 7 per cent.
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No Interest Subsidy On Crop Loan Beyond Rs 3 Lakh: Panel
A government panel, set up to suggest ways for better implementation of the Rs 9 lakh crore farm credit scheme, has recommended that interest subvention should not be provided to farmers if the short-term loan amount is higher than Rs 3 lakh.
-
Cabinet Approves 1.5% Interest Aid On Agriculture Loan
The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved an interest subvention of 1.5 per cent per annum on short-term agriculture loans up to Rs 3 lakh.
-
RBI Revises Norms For Banks On Interest Subvention Scheme On Crop Loan
RBI on Thursday modified norms for banks to claim the amount of interest subvention provided to farmers under the short-term crop loan scheme
-
Convert Half Your Fleet To Electric By 2023: Delhi To Commercial Vehicle Owners
Delhi Transport minister Kailash Gahlot on Sunday urged commercial vehicle owners to convert half of their fleet to electric by 2023, saying a five per cent interest subvention scheme will be soon launched for them.
-
Budget 2021: Interest Subvention Scheme For MSMEs Must Be Extended, Says Industry Body
Budget 2021: Indian Chamber of Commerce suggests that the interest subvention scheme for MSMEs must be extended with enhanced coverage of three-four per cent to the extent of Rs 300 lakh
-
Budget 2021: Lower Stamp Duty, Easing Income Tax Norms Needed For Real Estate
Budget 2021: Currently, the government offers interest subvention of one per cent for low-cost housing loans up to Rs 15 lakh, provided the housing cost does not exceed Rs 25 lakh
-
Budget 2019: 2% Interest Subvention For GST-Registered MSMEs On Fresh Loans
The Finance Minister also announced that pension benefits will be offered to three crore shop owners with annual turnovers less than Rs 1.5 crore under a new scheme titled Pradhan Mantri Man Dhan Yojna.
-
Nirmala Sitharaman To Meet Agriculture Ministry Officials On Tuesday
Under the scheme, interest subvention is provided to NABARD, regional rural banks, cooperative banks, public sector banks and scheduled private sector banks for providing short-term credit to farmers at a subsidised rate of interest.
-
Budget May Consider Sops To Small Enterprises Export Units: Report
The other fiscal boosters like cheaper finance of lower interest rates and interest rate subvention can also form part of the incentives
-
Budget 2019: Finance Minister Piyush Goyal Announces 2% Interest Subvention For MSMEs On Loan Up To Rs 1 Cr
Budget 2019: The government on Friday announced 2 per cent interest subvention for micro, small and medium enterprises (MSMEs) for loans up to Rs 1 crore.
-
Farmers To Get Crop Loans At Subsidised 7%, Aadhaar Link A Must
"To ensure hassle-free benefits to farmers under the Interest Subvention Scheme, the banks are advised to make Aadhaar linkage mandatory for availing of short-term crop loans in 2017-18," RBI said in a notification to banks.
-
PM Modi's New Year Sops To Cost Government Rs 3,500 Crore Annually: SBI
"The overall fiscal impact of all these measures announced by the PM on December 31, will be around Rs 3,500 crore per year, which is minimal compared to the social and economic benefits," SBI Research said in a note.
-
Realty, Housing Finance Stocks Gain After PM Announces Schemes
In his address to the nation, PM Modi said home loans in urban areas up to Rs 9 lakh and Rs 12 lakh will receive interest subvention of 4 per cent and 3 per cent, respectively.
-
Farmers Get Additional 60 Days To Repay Crop Loans
In a relief to farmers hit by demonetisation, the Reserve Bank today gave an additional 60 days to repay their crop loans due in November-December and said that prompt repayment would be eligible for the extra 3 per cent interest subsidy.
-
Farmers To Get Short-Term Loan At 7% Interest Rate In FY17
Under the interest subvention scheme approved by the Cabinet today, farmers will get loans of up to Rs 3 lakh for a period of one year at an interest rate of 7 per cent.
-
No Interest Subsidy On Crop Loan Beyond Rs 3 Lakh: Panel
A government panel, set up to suggest ways for better implementation of the Rs 9 lakh crore farm credit scheme, has recommended that interest subvention should not be provided to farmers if the short-term loan amount is higher than Rs 3 lakh.
