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Government of Gujarat declares Interest subvention schemes for various investment activities

Government of Gujarat declares Interest subvention schemes for various investment activities
October 13, 2014 GSC Bank

Government of Gujarat declares interest subvention schemes for various investment activities.

 

Govt. of Gujarat declares interest subvention scheme for the following investment activities.

 Construction of godowns under Integrated Scheme for Agricultural Marketing (ISAM) by Farmers, Registered Co-op Institution of Farmers and APMC. wherein maximum interest subvention of 6% p.a. will be available on the interest paid by them to the financing Bank.

Interest subvention maximum up to 6% p.a. will be available to the farmers, dairy farmers, fishermen and their co-operatives for the loans availed under the schemes implemented by Department of Agriculture and Horticulture, Animal Husbandry, Fisheries, G.L.D.C., G.G.R.C. and cooperation.

Interest subvention scheme for scheduled caste beneficiaries for purchase of shop/ place for business under VBS. The effective rate on loan will be 4% p.a. and maximum interest subvention will be Rs.15000/-.

Dattopant Thengadi Artisan Interest Subsidy Yojana.
Interest subvention of 7% will be available to artisans registered with the cottage Industries office for purchase of machinery and raw material for maximum loan up to Rs.1.00 Lakh.

Interest Subsidy for ITI trainee.
Interest subsidy of 4% p.a. with a maximum of Rs.15000/- p.a. for 3 years will be available for purchasing machinery and tools for establishing self employment through bank loan. The scheme is implemented by labour and employment department.