https://www.taxtmi.com/news?id=22624 Interest rate deregulation allows banks to set lending rates with Board approval subject to RBI guidelines, based on factors including cost of funds, borrower credit rating, tenor and purpose. The Performance & Credit Rating Scheme for MSEs was discontinued in December 2018. Separately, the Interest Subventions Scheme for Incremental Credit to MSMEs, 2018, provides a 2% interest subvention on fresh or incremental loans to eligible MSMEs, reducing effective borrowing costs for qualifying incremental credit. en-us Thu, 12 Mar 2020 18:20:14 +0530 Thu, 12 Mar 2020 18:20:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22624 Interest rate deregulation allows banks to set lending rates with Board approval subject to RBI guidelines, based on factors including cost of funds, borrower credit rating, tenor and purpose. The Performance & Credit Rating Scheme for MSEs was discontinued in December 2018. Separately, the Interest Subventions Scheme for Incremental Credit to MSMEs, 2018, provides a 2% interest subvention on fresh or incremental loans to eligible MSMEs, reducing effective borrowing costs for qualifying incremental credit. News - Thu, 12 Mar 2020 18:20:14 +0530 https://www.taxtmi.com/news?id=22624