MSME Interest Subvention Scheme

759 views
User Avatar

Accountant
50 Points Posted on 20 May 2020

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.  

 

 

 

0 Reply Share Follow
On 20 May 2020 at 12:31 Report
Replies (2)
Quick Summary
This discussion explores the MSME Interest Subvention Scheme, which offers subsidised interest rates on loans. While banks may not always provide details, it's suggested that applications for interest and capital investment subsidies should be made through your state's industrial department. The scheme was available for loans taken between FY 2018-2020, so check current eligibility and contact customer support if needed.

User Avatar

My grammar is 💯 good I
7306 Points Posted on 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. 

Reply
On 20 May 2020 at 16:32
User Avatar

Professional - CA firm
524 Points Posted on 21 May 2020
Hi

being msme you are eligible for subsidy on interest and. capital investment

for that bank will not be able to help you need to make application in industrial department of your state

thanks
mohit
83335093446
Reply
On 21 May 2020 at 12:10

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Capital gains incidence due to bonus shares
  2. Amendment of Object Clause of Memorandum
  3. How Can I Request a Refund for an Accidental Airte
  4. TDS on salary paid in cash
  5. YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
  6. Last Date To Fill ITR For Non-Audit Case
  7. Guidance Required on Filing Fresh Registration und
  8. IT Return Refund Status AY 2026-27
  9. Clarification Regarding Income Tax Demand Notice
  10. Online PAN Download: Check How?

More recent discussions | Post

Related Topics :

Loading