Have you missed the benefits of Interest Subsidy?
Have you taken the Bank Term Loan for your Agro-based Business but not taken the benefits of Interest Subsidy under Agriculture Infrastructure Fund?
If Yes, then Don’t Worry.
Here is a Good News for you.
As we at KIP organize a Webinar on Agriculture Infrastructure Fund which will held on
Date :- 04-02-23
Time:- 11:00 A.M
Kindly Register yourself -: https://kipfinancial.com/join-kip-webinar/
Introduction of the Scheme
As per the Guidelines provided by the Department of Agriculture and Farmer Welfare of Govt. of India, if a Beneficiary has taken the loan under The Eligible Infrastructures whose first disbursement are made on or after 8th July 2020 are eligible to get the benefit under the scheme.
So if you have taken the term loan on or after the 8th July 2020 and till now you have not taken the benefits of Interest Subsidy then now you can take this benefit through taking the approval of your Bank loan from the concern department.
Procedure To avail the Interest Subsidy
To avail the Interest Subsidy you need to just make an application with the Department of Agriculture and Farmer Welfare of Govt. of India along with required documents and Bank Term Loan Sanction letter.
Once the PMU Cell (Project Management Unit) approved your application, your banker can submit the claim of Interest subvention or we can say Interest Subsidy from the Department.
As per the clarification given by the help desk of department, Interest subvention shall be given from the date of disbursement of loan. For example, if you have taken the loan dated on Dec. 2020 and now you got the approval from the Department then you can take the benefit of interest subvention from Dec. 2020 onward.
Note:- As per the scheme guidelines, Interest subvention shall be given to the beneficiary for the 7 Years.
So, don’t wait and line up your Interest Subvention for reducing Interest Cost and maximize profit in your business.
We at KIP will provide our support services for submission the Application with the Department and taking the approval for your Bank Term Loan.
For more shares about your business at: https://forms.gle/fVL5nWM9UQhNCPog9
To know more about AIF click at this link:- https://kipfinancial.com/agriculture-infrastructure-fund/
eBook link – https://kipfinancial.com/ebook-agriculture-infrastructure-fund-2/
Video Link – Watch our video on AIF:- https://youtu.be/26BgxqGemlk
Business and Subsidy Update Plan link – If you are missing the benefits of subsidy
Then KIP has brought a Business and Subsidy Update Plan
In this you will receive weekly subsidy and business updates on your emails
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