DARE - Because Entrepreneurs Do

With a view to insulate the employment-oriented export sectors from the global meltdown, Finance Minister Pranab Mukherjee has extended the interest subvention scheme beyond the current deadline of September 30, 2009 to March 31, 2010. The government had provided an interest subvention of 2 per cent on the pre-shipment credit for seven employment-oriented export sectors, viz., textiles including handlooms, handicrafts, carpets, leather, gems & jewellery, marine products and small & medium exporters.

To facilitate the flow of credit to Micro, Small & Medium Enterprises (MSMEs) at reasonable rates, the Minister announced a Special Fund out of Rural infrastructure Development Fund (RIDF) to Small Industries development Bank (SIDBI). This fund of Rs.4,000 core will incentivize banks and State Finance Corporations (SFCs) to lend to Micro & Small Enterprises (MSEs) by refinancing 50 per cent of incremental lending to MSEs during the current financial year.

Source: PIB

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written by handbags replica, April 07, 2010

the interest rate is crazy. what about the poor people who needs to handle it?

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written by fake watches, February 01, 2010

It's great that with a view to insulate the employment-oriented export sectors from the global meltdown, Finance Minister Pranab Mukherjee has extended the interest subvention scheme beyond the current deadline. It's interesting that Minister announced a Special Fund out of Rural infrastructure Development Fund (RIDF) to Small Industries development Bank (SIDBI).

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