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INTEREST SUBVENTION SUPPORT
Darjeeling tea industry seeks Centre's support amid deepening financial stressDarjeeling's famed tea industry is facing severe financial strain due to aging bushes, climate woes, and labor shortages, leading to a sign...- Centre plans Rs 12,000 crore incentive scheme to spur private electric bus adoptionThe government is planning a significant incentive package, potentially worth ₹12,000 crore, to boost electric bus adoption by private flee...
- Haryana unveils tax breaks to accelerate shift to cleaner commercial vehiclesHaryana is offering a full waiver on motor vehicle tax for new environment-friendly trucks and buses in NCR districts. This initiative targ...
- Yuan or Dollar? Indian businesses explore alternatives as import costs climbIndian businesses, particularly MSMEs, are hesitant to adopt yuan-denominated settlements despite a weakening rupee. They prioritise locali...
- Engineering exports rise to $122 billion, emerge as India's largest export segmentThis remarkable growth, driven by government support and a diversified product basket, highlights the sector's resilience and global compet...
- Airlines' fuel, vehicle replacement & roadways in focus as Cabinet announces key decisions worth Rs 30,290 croreThe Union Cabinet has approved significant development initiatives totaling Rs 30,290 crore. A key focus is providing Rs 10,000 crore in bu...
- India in better position to manage retail inflation, RBI must hold rates: ASSOCHAMIndia is well-positioned to handle retail inflation, according to ASSOCHAM. The industry lobby recommends the Reserve Bank of India maintai...
- Interest subvention scheme likely for e-buses, e-trucks; Centre may earmark ₹6,960 crThe government is weighing cheaper loans and other incentives to help private operators buy electric buses and trucks, aiming to cut fossil...
- Rs 10.9 lakh crore burden: Iran shock can take a load off India's backRising oil prices triggered by the Iran conflict are pushing India to accelerate its shift away from fossil fuels, with the government fast...
- India weighs $1 billion aid for private electric buses, trucksIndia is considering incentives worth more than $1 billion to encourage private operators to adopt electric buses and trucks as part of eff...
- Textile industry seeks removal of cotton import dutyIndia's textile sector faces challenges from high cotton prices and declining production. The industry is urging the government to cut impo...
- India’s exporters are winning. The money hasn’t caught upExtended transit and receivable cycles, coupled with currency volatility, are straining liquidity. Despite policy interventions, a substant...
- DFS is seeking lender data on war-hit SMEsPeople familiar with the matter told ET that banks have been asked to provide details on sectors affected, like the Morbi-based ceramics in...
- Interest subvention benefits for small iron & steel companiesMicro and small enterprises facing global challenges will now receive government support. Interest subvention benefits have been extended t...
- Govt extends interest subvention benefit to micro, small exporters of certain iron, steel goodsIndian government offers interest subvention to small and micro iron and steel exporters. This support aims to aid the trading community fa...
- Exporters seek removal of cap on interest subventionIndian exporters are calling on the government to lift the cap on interest subvention. They state current support is insufficient to counte...
- Govt amends norms for exporters availing the interest subvention supportNew rules for export credit interest subvention are now in effect from January 2. Exporters will not receive benefits if their loan becomes...
- Government amends guidelines for interest subvention support for export creditAs per the changes, interest subvention shall not be admissible from the date on which the loan account is classified as a non-performing a...
- MSME exporters get Rs 7,295cr facility for easy credit accessThe government has launched a significant export support package worth over Rs 7,000 crore. This initiative includes interest subvention an...
- Budget 2025: What is subvention and how does it work?The government provides financial aid called subvention to reduce loan interest. This helps farmers access affordable loans. The Interest S...
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