Interest Subvention News

Industry

Govt aims to boost small pharma firms with 6% interest relief on loans

Small pharma companies utilizing the interest subvention scheme must achieve incremental export revenue in excess of the sanctioned loan amount within 36 months of the last draw of the loan

2 min read2 Jul 2018
Politics

Government extends interest subsidy on short-term crop loans

The short-term crop loan of up to Rs3 lakh will continue to be made available to the prompt payee farmers at 4% interest rate only, while other farmers will get it at 7%

1 min read14 Jun 2017
Politics

Farmers get additional 60 days to repay crop loans

According to a notification released on the RBI website, farmers will get two months' additional time to repay loans falling due between 1 November and 31 December

1 min read27 Dec 2016
Companies

Incentivize long-term farm investment to reduce distress

Harsh Kumar Bhanwala, the chairman of Nabard, India's apex bank for rural finance, talks about the future trajectory planned for the sector to flourish

5 min read28 Nov 2015
Politics

Commerce ministry moves cabinet note on interest subvention scheme

Under the interest subvention scheme, exporters are provided credit at subsidized rates in order to boost exports

1 min read10 Aug 2015
Industry

Govt extends subsidy offered on interest rates to farmers

Cabinet increases budget allocation for interest subvention scheme by more than Rs5,000 crore

3 min read23 Jul 2015
Politics

Tamil Nadu CM urges Modi to consult states on crop loan subsidy scheme

O. Panneerselvam wrote a letter to the Prime Minister, urging him not to alter a nine-year-old central crop loan subsidy scheme without consulting states

2 min read30 Apr 2015
Politics

Cheap crop loan scheme still valid as banks levy higher rates

Any misunderstanding in the scheme for concessional rates would be clarified with to all banks on Monday, says a senior finance ministry official

2 min read13 Apr 2015
Politics

Export credit subvention extended to March 2012: RBI

Export credit subvention extended to March 2012: RBI

1 min read11 Oct 2011

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