Interest Subsidy On Bankable Schemes

To encourage for prompt payment of Bank loan, interest subsidy will be provided to the beneficiaries to reduce interest burden by subsiding the interest over and above 3% charged by the Bank.

Eligibility:

The beneficiary should repay the Bank loan installments in time along with Interest charged by the bankers, then only the beneficiary would be reimbursed the excess interest over and above 3% paid by him to the Bank directly by the Corporation to the account of the beneficiary.

The Detailed guidelines are available in G.O.Ms.No.30,Dt.23-07-2008 at downloads (Government Orders)