https://www.taxtmi.com/news?id=22902 A scheme provides a 2% interest subvention for twelve months on Shishu loans under PMMY to eligible borrowers who were outstanding and not NPAs on the cut-off date; subvention is payable for months when accounts are performing, including months after recovery from NPA. The program is implemented through SIDBI, commences after moratoriums where applicable, and aims to reduce borrowing cost and incentivize regular repayment to support small business continuity amid COVID-19. en-us Wed, 24 Jun 2020 16:27:22 +0530 Wed, 24 Jun 2020 16:27:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22902 A scheme provides a 2% interest subvention for twelve months on Shishu loans under PMMY to eligible borrowers who were outstanding and not NPAs on the cut-off date; subvention is payable for months when accounts are performing, including months after recovery from NPA. The program is implemented through SIDBI, commences after moratoriums where applicable, and aims to reduce borrowing cost and incentivize regular repayment to support small business continuity amid COVID-19. News - Wed, 24 Jun 2020 16:27:22 +0530 https://www.taxtmi.com/news?id=22902