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Interest Subvention News

Modi Govt Launches PAiSA, Portal for Affordable Credit

To ensure direct connection with beneficiaries, prime minister government has launched PAiSA or Portal for Affordable Credit and Interest Subvention Access offering greater transparency and easy credit access. For processing of subvention on loans, the electronic platform has been devised by ...

Women SHGs To Secure Loan @ 7%: RBI

Under the government's Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM) for the current fiscal year 2017-18, women SHGs shall be extended loan facility @ 7%. The guidelines for the scheme have been revised and provided to be implemented by ...

Looking For No-Cost EMI Option: Here Are The Advantages And Disadvantages?

Unlike the previous zero percent EMI which was ruled out by the RBI as loans cannot be extended without interest on it. The new no-cost EMI charges interest but the same is adjusted from the sale price of the product. ...

With Multitude Of Offers On The Roll Out: Should You Invest In Real Estate?

The real estate sector which is reeling under sluggish environment with a huge pile of inventory, prices bottoming out and hence reduced margins from last several years is leaving no stone unturned to revive the industry. Though early signs of ...

Interest Free Loans To IIT Students Under Interest Subvention Scheme

The Government of India has decided to provide interest subvention on education loans, for all students admitted for undergraduate and the 5-year integrated degree programmes in IITs. The scheme will be covering period of study plus one year of moratorium under the ...

What Is Interest Subvention?

Many a times you might have come across this term either in some news or elsewhere. Let us understand what exactly is interest subvention. The literary meaning of subvention that is guarantee for financial support clarifies the point to an extent. ...