Bank of Baroda (BoB) has rolled out a scheme for two per cent interest subvention for 12 months for SHISHU category of borrowers under MUDRA scheme.
This scheme will be available to such category of borrowers whose accounts were standard as on March 2020.
As a part of Atmanirbhar Bharat package, Government had launched a scheme for two per cent interest Subvention for 12 months for SHISHU Category of borrowers under MUDRA Scheme.
The borrowers who have not availed moratorium on repayment of their loan dues, as per RBI guidelines, will receive Interest Subvention from June 2020 to May 2021-- for the months the accounts run in standard category, a release issued by BoB said.
The borrowers who have availed moratorium on repayment of their loan dues, as per RBI guidelines, will receive Interest Subvention from September 2020 to August 2021 for the months the accounts run in standard category, the release added.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.