Interest Subsidy schemes

Under the scheme, state-run banks offer loans to exporters of select goods, and micro, small and medium enterprises at a discount to the prevailing rate of interest. The government then reimburses the difference to these banks. Scheme for financial assistance by way of credit linked Interest Subsidy to Micro, Small and Medium Enterprises.

Assistance Available upto:
• Interest subsidy of upto 7% for micro enterprises and @ 5% for small and medium enterprises.
• 1% additional interest subsidy to youth having less than 35 years of age in case of first project. Woman entrepreneurs will be accorded priority.
• Maximum limit of Rs. 25 Lakhs per annum, for 5 years.

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