Khadi

INTEREST SUBSIDY SCHEME

INTEREST SUBSIDY SCHEME

To assist the tiny units to revalidate its activities by availing the working capital loan through the bank , the government of of Karnataka has introduced subsidy scheme during 2013-14 vide it’s government order No.CI.41.SLV.2013-14 Date :30-09-2013. It is an on going scheme. Where in the Karnataka State Khadi Village Industries Board is compensating the interest burden @ 9% the societies / individuals of the village industries sectors. The Board is releasing the Interest @ 9 % on the loan to extent of Rs.3.00 lakhs availed by such institutions from the banks for a period of three from the date its availment. As per G.O.NO. CI/18SLV/2014 this scheme applies to 176 Taluks of the State. The state. The duration of the scheme is for 3 years and it is a continuation programme. Rs.1,08,000/- interest subsidy has been released to 16 unites the year 2015-16