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India: Interest subvention for the MSME sector

Description

On 2 November 2018, the Indian Prime Minister announced certain initiatives to support the Micro, Small, and Medium Enterprises. Amongst these, an interest rate reduction scheme on loans was announced...

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Intervention Details

Intervention Type

Interest payment subsidy

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

02 Nov 2018

Revocation date

31 Mar 2021

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

SMEs

Affected Trading Partners

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