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The present PMAY scheme and the faltering pace of affordable housing that fell short of its earlier targets has evoked a great deal of criticism
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Exporters get subsidies under the 'Interest Equalisation Scheme for pre and post-shipment Rupee Export Credit'.
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To provide short-term crop loans up to Rs 3 lakh to farmers at an interest rate of 7 per cent, the RBI said it has been decided to offer interest subvention of 2 per cent per annum to lending institutions.
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Prabhudas Lilladher believes that any interest subvention for customers with non-defaulting track records under low-ticket MSME loans will help boost lending under this space
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Urban Development, Housing and Urban Poverty Alleviation minister, M Venkaiah Naidu, on April 28, 2017, revealed that so far, a total online demand of 8.97 lakh houses had been received under the Pradhan Mantri R
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Close on the heels of the prime minister‘s new year‘s eve address to the nation, where he announced an interest subsidy scheme, the central government on January 24, 2017, has cleared another similar scheme, R
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Prime minister Narendra Modi‘s new year‘s eve announcement, on interest subvention for housing loans for the poor and the middle-class, was soon followed by rate cuts by various banks, including the government-owned State Bank R
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Prime minister Narendra Modi, in his national address on new year’s eve, announced a slew of measures, to provide homes for the poor and middle-class in both, rural and urban areas. Elaborating on the R
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Farmers will get short-term crop loans of up to Rs 3 lakh at a subsidised interest rate of 4 percent this fiscal, provided they repay in time, or else a higher rate of 7 percent will be charged.
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Balwant Jain explains all the incentives government offers to ensure “housing for all†becomes a reality.
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A government panel, set up to suggest ways for better implementation of Rs 9 lakh crore farm credit scheme, has recommended that interest subvention should not be provided to farmers if short-term loan amount is higher than Rs 3 lakh.
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In order to provide a boost to weakening exports, commerce minister Anand Shrama today announced number of measures.
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In a bid to promote or boost an industry or businesses in certain sectors like textile or agriculture, etc the government can allow subsidy on the interest. This is known as interest subvention.
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In a bid to ensure enough credit in agriculture sector, the government decided to give interest subsidy of 2% a year to all state owned banks for farm loans upto Rs 3 lakh in 2012-13 in respect of special interest subvention scheme already introduced by the ministry. PSBs generally charge 9% rate of interest on farm loans.
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Kaushik Basu, Chief Economic Advisor, PV Bhide, Former Revenue Secretary, Dhruv Sawhney, CMD, Triveni Engineering and TV Mohandas Pai, Head-Administration & HR, Infosys, in an exclusive interview with CNBC-TV18’s Shereen Bhan, gave their expert views on how they viewed the budget.
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Reserve Bank Deputy Governor Subir Gokarn welcomed the budget proposals to check fiscal deficit by keeping a tab on the subsidy bill, saying they are the right steps towards fiscal consolidation and offer the central bank more leg-room on monetary policy front.
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Gems and jewellery industry today expressed disappointment over reintroduction of 1% excise duty on branded jewellery in the Union Budget and called for a rollback of the decision.
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The Reserve Bank of India (RBI) does not see any challenge in managing the borrowing programme for fiscal year 2011/12, a deputy governor said, after the government unveiled a lower-than-expected borrowing figure in its federal budget.
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Mobile handset prices will become more expensive as Finance Minister Pranab Mukherjee today announced one percent hike in the Central Excise duty for 130 items, including phones.
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New Delhi, Feb 28 (PTI) Finance Minister Pranab Mukherjee today kept the income tax exemption limit unchanged for women at Rs 1.90 lakh while increasing it for men and senior citizens.
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Seeking to usher in a Green Revolution in the Eastern region, including Finance Minister Pranab Mukherjee's home state West Bengal, the Union Budget today announced an additional Rs 400 crore for the purpose.
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Battling high input costs, the country's oldest bicycle cluster in Ludhiana today received a jolt, with Union Budget proposing to bring the sector under central excise net.
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The government today proposed to increase the service tax on life insurance policies to 1.5% from 1%, a move that would increase the premium cost for policyholders.
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Mumbai, Feb 28 (PTI) Led by Bajaj Auto Chairman Rahul Bajaj, the automobile industry has praised Finance Minister Pranab Mukherjee's decision not to raise excise duty on vehicles in the Union Budget today.
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Leading NRI industrialist Lord Swraj Paul today hailed India's budget for the year 2011 as "growth-oriented" and said it would help raise the level of the "aam admi".
