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Interest Subvention Scheme for MSMEs extended till March 31, 2021: RBI

October 8, 2020
The Reserve Bank of India (RBI) had announced the ‘Interest Subvention Scheme for MSMEs 2018’ on November 2, 2018 for Scheduled Commercial Banks. The scheme provides for an interest relief of two per cent per annum to eligible MSMEs on their outstanding fresh/incremental term loan/working capital during the period of its validity. Now, it has been decided to extend the scheme for another one year, i.e., March 31, 2021.
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