subvention

Cabinet releases Rs.10,091 crore for crop loan subsidies


September 6th, 2012 - 10:11 pm ICT by IANS
New Delhi, Sep 6 (IANS) To ease the burden on farmers specially in drought-hit areas, the cabinet Thursday decided to release Rs.10,901 crore to banks as interest subvention for ... Read more...

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Cabinet nod for continuing farmers’ loan scheme


September 6th, 2012 - 9:39 pm ICT by IANS
New Delhi, Sep 6 (IANS) The government Thursday approved a proposal to continue interest subvention to public sector banks (PSBs), regional rural banks (RRBs), cooperatives banks and NABARD to ... Read more...

Posted in Business |

Home loans up to Rs.15 lakh get 1 percent cheaper


July 4th, 2012 - 4:41 pm ICT by IANS
New Delhi, July 4 (IANS) The government Wednesday announced one percent interest subsidy on housing loan up to Rs.15 lakh to give a boost to low-cost housing projects in ... Read more...

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India’s exports decline by 4.16 percent in May


June 14th, 2012 - 8:42 pm ICT by IANS
New Delhi, June 14 (IANS) India's exports declined 4.16 percent in May to $25.68 billion as against $26.79 billion in the corresponding month of 2011, official data showed Thursday.The imports ... Read more...

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Government announces sops; eyes 20 percent exports growth


June 5th, 2012 - 4:17 pm ICT by IANS
New Delhi, June 5 (IANS) The government Tuesday set a target of increasing exports by 20 percent in 2012-13 and announced a series of measures including interest subsidy and market ... Read more...

Posted in Business |

Incentives to boost exports soon, says Sharma


October 7th, 2011 - 8:35 pm ICT by IANS
New Delhi, Oct 7 (IANS) The government is looking into the concerns of traders and would soon announce incentives to further boost exports, Commerce and Industry Minister Anand Sharma said ... Read more...

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Biggest challenge before nation is to ensure inclusive growth: Mukherjee


March 12th, 2011 - 6:57 pm ICT by ANI
New Delhi, Mar 12 (ANI): Union Finance Minister Pranab Mukherjee on Saturday said the biggest challenge before the nation today is to ensure inclusive growth.Speaking on the occasion of 106th ... Read more...

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Loan subvention scheme extended to fishermen (Lead, superseding previous story)


March 11th, 2011 - 5:17 pm ICT by IANS
New Delhi, March 11 (IANS) Finance Minister Pranab Mukherjee Friday announced the extension of the existing subvention scheme for providing short term loans to fishermen at 7 percent interest, ... Read more...

Posted in Business |

Home loan subvention scheme extended to fishermen


March 11th, 2011 - 4:54 pm ICT by IANS
New Delhi, March 11 (IANS) Finance Minister Pranab Mukherjee Friday announced the extension of the existing subvention scheme for providing short term loans to fishermen at 7 percent interest ... Read more...

Posted in Business |

Interest subsidy on Rs.15 lakh housing loan: Mukherjee (Lead)


February 28th, 2011 - 9:53 pm ICT by IANS
New Delhi, Feb 28 (IANS) In a boost to the housing sector, low-cost housing loans of up to Rs.15 lakh would be eligible to get an interest subsidy of one percent, ... Read more...

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Welfare oriented budget will help build economy’s capacity: Prof. Agarwal


February 28th, 2011 - 9:41 pm ICT by ANI
New Delhi, Feb 28 (ANI): Professor J.D. Agarwal, noted economist and Chairman, Indian Institute of Finance, reacting to the Union Budget 2011 presented by Finance Minister Pranab Mukherjee, said It is ... Read more...

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Interest subsidy on Rs.15 lakh housing loan: Mukherjee


February 28th, 2011 - 2:12 pm ICT by IANS
New Delhi, Feb 28 (IANS) In a boost to the housing sector, Finance Minister Pranab Mukherjee Monday said low-cost housing loans of Rs.15 lakh would be eligible to get an interest ... Read more...

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Mukherjee assures support to growth of textiles industry


February 2nd, 2011 - 8:02 pm ICT by ANI
New Delhi, Feb 2 (ANI): Union Finance Minister Pranab Mukherjee today assured the textiles industry the Government's continuous support to upgrade technology, manufacturing processes and conducive policy environment to facilitate its ... Read more...

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Regulations for micro-finance companies soon


October 14th, 2010 - 10:45 pm ICT by IANS
Chennai, Oct 14 (IANS) The government is working on regulations for micro-finance institutions and consultations are on with the stakeholders, a senior finance ministry official said Thursday."Regulation for financial institutions is in ... Read more...

Posted in Business |

Rs.4,868 crore compensation to public sector banks


July 30th, 2010 - 3:06 pm ICT by IANS
New Delhi, July 30 (IANS) The government Friday approved compensation of Rs.4,868 crore to public sector banks for providing loans to farmers at lower interest rates. "The Cabinet today gave its approval for ... Read more...

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Livelihood mission to strengthen self-help groups: Joshi


June 25th, 2010 - 11:11 pm ICT by IANS
New Delhi, June 25 (IANS) A central government-sponsored self-employment scheme, now recast as the National Rural Livelihood Mission (NRLM), will strengthen self-help groups (SHGs) to bring the poor out of poverty and ... Read more...

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Education loan subsidy scheme finalised


June 24th, 2010 - 7:15 pm ICT by IANS
New Delhi, June 24 (IANS) To make education loans cheaper, a scheme was finalised Thursday to provide full interest subsidy on the loans taken by students with annual family income below Rs.4.5 ... Read more...

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Gems and jewellery export to grow by 20 percent this fiscal


April 21st, 2010 - 9:19 pm ICT by IANS
Kolkata, April 21 (IANS) The Gems and Jewellery Exports Promotion Council, an apex forum of the gems and jewellery industry in the country, expects exports growing by 20 percent in the current ... Read more...

Posted in Business |

Drought-hit farmers get additional time to repay loans


February 26th, 2010 - 9:54 pm ICT by IANS
New Delhi, Feb 26 (IANS) Finance Minister Pranab Mukherjee Friday doled out sops to farmers, providing them six more months to repay existing loans and bringing down the effective interest rate ... Read more...

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One percent interest subsidy on housing loans


September 10th, 2009 - 5:53 pm ICT by IANS
New Delhi, Sep 10 (IANS) The government Thursday approved one percent interest rate subvention for housing loans up to Rs.10 lakh, and okayed the allocation of Rs.1,000 crore for the scheme. "The ... Read more...

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Ludhiana farmers welcome Union Budget


July 6th, 2009 - 11:17 pm ICT by ANI
Laltonkalan (Punjab), July 6 (ANI): Farmers of Laltonkalan village in Ludhiana district of Punjab have praised the Union Budget unveiled by Finance Minister Pranab Mukherjee on Monday, which focuses on increased ... Read more...

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Allocation for export market development increased


July 6th, 2009 - 1:18 pm ICT by IANS
New Delhi, July 6 (IANS) The allocation for the market development scheme for exporters has been increased 148 percent to Rs.124 crore, Finance Minister Pranab Mukherjee said while presenting the union ... Read more...

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Plan allocation for agriculture up 300 percent in five years


February 16th, 2009 - 5:08 pm ICT by IANS
New Delhi, Feb 16 (IANS) Claiming that the United Progressive Alliance government has given "focussed attention" to farmers, Minister for External Affairs Pranab Mukherjee Monday said the plan outlay for the agriculture ... Read more...

Posted in Uncategorized |

Interest rate subsidy for export sector extended


February 16th, 2009 - 3:49 pm ICT by IANS
New Delhi, Feb 16 (IANS) With export growth falling on account of the global economic slowdown, the government Monday announced the extension of subsidy on interest of credit for labour-intensive export units ... Read more...

Posted in Uncategorized |

Centre to release 2615 crore rupees as interest subvention to banks


March 7th, 2008 - 10:02 pm ICT by admin
New Delhi, Mar 7 (ANI): The Union Cabinet today gave its approval to release of 2615 crore rupees as interest subvention to Public Sector Banks, Regional Rural Banks, Cooperative Banks and NABARD ... Read more...

Posted in Business |

CCEA announces relief to exporters affected due to rupee appreciation


February 21st, 2008 - 5:58 pm ICT by admin
New Delhi, Feb 21 (ANI): The Cabinet Committee on Economic Affairs (CCEA) today gave its approval for providing immediate relief to exporters by way of providing interest subvention to mitigate hardships on ... Read more...

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Rajiv Gandhi Grameen Vidyutikaran Yojana to continue in XIth Plan


November 14th, 2007 - 1:56 am ICT by admin
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