Interest Subvention Scheme for MSMEs: RBI includes Co-op Banks as lending institution [Read Circular]

The Reserve Bank of India (RBI) has allowed co-operative banks including urban cooperative banks to avail Interest Subvention Scheme for micro, small and medium enterprises (MSMEs), which was earlier restricted to Commercial banks alone. In a move that will provide relief to COVID-19 hit MSME, The scheme provides for an interest relief of 2% per […]

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