Monday, January 16, 2017

New Government Incentives

  • Two New schemes under PM Awas Yojna to provide 4% interest waiver on loan of upto Rs. 9 lacs and of 3% on loan upto Rs. 12 lacs 
  • 3% interest waiver on loan upto Rs. 2 lacs for houses in rural India.
  • Government to pay interest for 60 days on loans taken by farmers for rabi season 
  • Banks to raise cash credit limit to small business to 25% from 20 % of annual turnover 
  • Government to stand guarantee for loans upto Rs. 2 Cr from current Rs. 1 Cr to SMEs - No collaterals needed 
  • 8% assured interest on bank fixed deposits of upto Rs. 7.5 lacs for 10 years for senior citizens 2.0


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