Dear Friends
We, the MSME unit is having an OD with Bank. Please help me to avail the same & what are all the procedures to avail the Interest Subvention since the bank is not giving us the details.
Accountant (Accountant) (50 Points)
20 May 2020Dear Friends
We, the MSME unit is having an OD with Bank. Please help me to avail the same & what are all the procedures to avail the Interest Subvention since the bank is not giving us the details.
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 20 May 2020
Hi, I have checked this out and this scheme is available for crop loans and MSME loans at 2% subsidised Interest rate for the year. You have to check out the subsequent rates as I suspect it will be regular interest rate.
This facility is available when a loan was taken between FY 2018-2020. I think the duration is over and that is why you are not getting information from banks. Contact customer support.
Mohit Jagnani
(Professional - CA firm)
(524 Points)
Replied 21 May 2020
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