Govt. had announced ‘Interest subvention scheme for MSMEs 2018’ on Nov 02, 2018. Now a copy of salient features and operational guidelines for implementation of the scheme has been issued. RBI has directed Chairman/MDs of Scheduled Commercial Banks and Regional Rural Banks to take appropriate action and issue necessary instructions to theirs branches for successful implementation of the scheme.
from taxmann.com News https://www.taxmann.com/topstories/222330000000018014/rbi-issues-operational-guidelines-to-banks-for-implementation-of-‘interest-subvention-schemes-for-msmes’.aspx
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