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How much per cent interest subvention scheme for MSMEs on loans offered by co-operative banks has been extended till the 31st of March 2021?

How much per cent interest subvention scheme for MSMEs on loans offered by co-operative banks has been extended till the 31st of March 2021? Correct Answer 2.0

The correct answer is 2%.

  • Two per cent interest subvention scheme for MSMEs on loans offered by co-operative banks has been extended till the 31st of March 2021.
  • The coverage of the scheme is limited to all term loans and working capital to the extent of 100 lakh rupees.
  • The requirement of Udyog Aadhaar Number may be dispensed with for units eligible for GST.

Related Questions

Which of the following statements are true in context of scheduled banks?
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2. These banks comprise Scheduled Commercial Banks and Scheduled Co-operative Banks.
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4. Scheduled Co-operative Banks consist of Scheduled State Co-operative Banks and Scheduled Urban Co-operative Banks.
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