subvention in A Sentence

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    Crop Loan Interest Subvention Scheme 2019.

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    2

    Women SHG interest Subvention program proposed to be expanded to all districts.

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    Banks must submit the claims for 3% additional Subvention on the same portal.

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    Percent interest Subvention for all GST registered MSMEs, on fresh or incremental loans.

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    In those cases where Subvention is available to borrowers, it is clarified as under:.

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    Public Sector Banks should also submit the claims for 3% additional Subvention on the same portal.

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    7

    The interest Subvention scheme on credit to women SHG during 2017-18 is applicable in 250 districts across the country.

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    8

    It provides interest Subvention of two per cent per annum to banks on use of their own resources.

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    9

    The Subvention will be available to banks on the condition that they make SHG credit available at 7% per annum.

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    10

    This Subvention will be available to all the banks on the condition that they make SHG credit available at 7% annually in the 250 districts.

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    11

    If the yield to the bank(after including Subvention) is lower than the Base Rate, such lending will not be construed to be violative of the Base Rate guidelines.

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    12

    A definite formula has to be devised to determine the extent of cross subsidisation, direct Subvention by the Government and the extent to which both of these can be reduced over a period of time.

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    13

    We certify that the above loans for which the claim is being made were repaid in time and the benefit of additional 3 percent incentive Subvention has already been passed on to the account holders, thereby bringing down the interest rate for such farmers to 4 per cent per annum for short term production credit up to Rs.3 lakh disbursed during 2017-18 for these farmer.

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