Subsidy | Corporate Law Reporter

Government to Extend DBT for LPG (DBTL) Scheme in 235 More Districts by 1.1.2014

Government to Extend DBT for LPG (DBTL) Schme in 235 More Districts by 1.1.2014 Covering Overall 289 Districts; RS.272 Crore Cash Subsidy Transferred through 6.23 Million Transactions into the Bank Accounts of the LPG Consumers so Far Government of India has decided to extend the Direct Benefit Transfer for LPG (DBTL) Scheme in 235 more… Read More

Tags: Bank account, DBTL, Direct Benefit Transfer, Down by the Laituri, LPG, Scheme, Subsidy, Unique Identification Authority of India

National Electricity Fund

In order to provide interest subsidy on loans raised by distribution companies to improve the distribution network, National Electricity Fund (NEF), an interest subsidy scheme has been set up. Under the Scheme, loan amounting to Rs.25,000 cr. sanctioned by lenders during the financial year 2012-13 & 2013-14 for capital projects in distribution sector duly approved… Read More

Tags: Andhra Pradesh, Himachal Pradesh, Lok Sabha, Madhya Pradesh, Rajiv Gandhi, State Electricity Regulatory Commission, Subsidy, West Bengal

Rupee Export Credit – Interest Subvention

RBI/2013-14/200 DBOD.Dir.BC.No.43 /04.02.001/2013-14 August 26, 2013 All Scheduled Commercial Banks and Exim Bank (excluding RRBs) Dear Sir/ Madam, Rupee Export Credit - Interest Subvention Please refer to our circulars DBOD.Dir.BC.No.70/04.02.001/2012-13 dated January 14, 2013 and DBOD.Dir.BC.No.94/04.02.001/2012-13 dated May 24, 2013 wherein interest subvention of 2% was extended w.e.f. 01.04.2013 to 31.03.2014 on pre and post shipment rupee export credit… Read More

Tags: Commercial bank, EXIM bank, Export, Government of India, Interest, Interest rate, Reserve Bank of India, Subsidy

Interest Subvention Scheme Extended to the Private Sector Banks from 2013-14

Additional Interest Subvention Scheme of 3% for Farmers also Extended to 2013-14 In order to provide credit to farmers at affordable rates, the Government of India has, since 2006-07, been implementing the Interest Subvention Scheme under which short-term crop loans upto Rs. 3 lakh are made available to the farmers at an interest rate of… Read More

Tags: Government of India, India, Interest, Loan, Public sector, Rupee, Scheme, Subsidy

Cabinet Approves interest subvention scheme to provide short-term crop loans to farmers

Interest Subvention to Public Sector Banks (PSBs), Private Sector Banks, Cooperative Banks and Regional Rural Banks (RRBs) and to NABARD for refinance to RRBs and Cooperative Banks for providing short-term crop loan to farmers at interest rate of 7 per cent per annum The Union Cabinet today approved continuation of the interest subvention scheme to… Read More

Tags: Bank, Government, Interest, Kisan Credit Card, Loan, National Bank for Agriculture and Rural Development, Regional Rural Bank, Subsidy

Rate of Interest Subvention Increased from 2% to 3%

Presently the rate of Interest Subvention for credit obtained by exporters is 2%. There has been persistent demand to both increase the rate of subvention and also to widen the coverage. At present, all exporters who are micro and small enterprises, irrespective of the export sector, are beneficiaries of this scheme. In addition, the exporters… Read More

Tags: Board of Trade, Commerce Minister, Export, Government, Handicraft, Interest, Minister of Industry (Canada), Subsidy

Rs. 4995 Crore Centre Subsidy to Provide Ration Sugar at Existing Rates

Prof. K.V.Thomas, Minister of Consumer Affairs, Food and Public Distribution has informed Lok Sabha today that the Central Government is providing subsidy for distribution of sugar through fair price shops in the Targeted Public Distribution System (TPDS) at a uniform Retail Issue Price (RIP) throughout the country. He was replying to a written question in… Read More

Tags: C. Rangarajan, Central Government, K V Thomas, Lok Sabha, Public Distribution System, Subsidy, Sugar, TPDS

Fixation of Nutrient Based Subsidy (NBS) Rates

The Cabinet today accorded approval to the proposals of the Department of Fertilizers for fixation of NBS rates for the year 2013-14. These rates will be applicable from 1st April 2013. The Department of Fertilizers is implementing Nutrient Based Subsidy Policy for the P&K fertilizers w.e.f. 1.4.2010. As per this Policy, the Government of India… Read More

Tags: Fertilizer, Government, Government of India, NBS, Price, Subsidy, Tonne, Urea

Sugar Decontrol to Facilitate Timely Payment of the Cane Prices to Farmers

The Central Government has considered the recommendations of Dr. C. Rangarajan Committee and has inter-alia, decided to do away with levy obligation on sugar mills for sugar produced after September, 2012 and dispense with the regulated release mechanism on open market sale of sugar. This information was given by the Minister of Consumer Affairs, Food… Read More

Tags: C. Rangarajan, Central Government, K V Thomas, Open market, Professor, Rajya Sabha, Subsidy, Sugar

National Food Security Bill to Ensure Heavily Subsidised Foodgrains

The National Food Security Bill, 2011 (NFSB), as introduced in the Lok Sabha on 22.12.2011, provides for coverage of up to 75% of the rural population, with at least 46% belonging to priority households, and up to 50% of the urban population, with at least 28% belonging to priority households, for subsidized foodgrains under Targeted… Read More

Tags: Bill, Food security, K V Thomas, Lok Sabha, National Food Security Bill, Public Distribution System, Rajya Sabha, Subsidy

Sugar Decontrol Approved by the Cabinet Committee

Sugar Decontrol Approved by CCEA The CCEA in its meeting on April 4, 2013 has approved the following proposals: The Regulated Release Mechanism of sugar by will be dispensed with immediately. The decision will provide timely payment of cane price to farmers. However, PDS consumers will continue to get sugar at the existing rates. Obligation… Read More

Tags: Business, Cabinet Committee on Economic Affairs, CCEA, PDS, Price, Public Distribution System, Rupee, Subsidy, Sugar, Sugar Decontrol

Additional Subsidy on Chemical Fertilizers

The Government continues to provide Urea to the farmers at a fixed price of Rs 5360 PMT, which is much below its delivered cost. The difference in the normated delivered cost and Maximum Retail Price (MRP) is paid as subsidy by the Government. As regards Phosphatic and Potassic (P&K) fertilizers, the Government is implementing Nutrient… Read More

Tags: Chemicals, Fertilizer, Government, Lok Sabha, Minister of State, Price, Subsidy, Urea

Extension of 2 Per Cent Subsidy Period to Export Activities

In order to partially offset the high cost of credit for the exporters, 2% Interest subvention scheme was introduced. Prior to June, 2012, the scheme was available to Handlooms, Handicrafts, SMEs and carpets sectors. In June 2012, it had been extended to labour intensive sectors, namely, Toys, sports goods, processed agricultural products, and ready made garments, in… Read More

Tags: 1st January 2013, Agriculture, Export, Handloom, June 2012, Programming, Small and medium enterprises, Subsidy