Interst Subvention Schemd for MSMEs – Cooperative Banks

By INSOL India - Editorial Team Posted On : October 07, 2020

On October 7, 2020, the Reserve Bank of India issued a notification modifying the operational guidelines for “Interest Subvention Scheme for MSMEs 2018.”  The scheme provides an interest relief of two per cent per annum to the MSMEs subject to their eligibility on outstanding fresh/incremental term loan including working capital.  The scheme is limited to all term loans and working capital to the extent of Rs.100 lakh.