Banking chronicle

Banking chronicle The Deendayal Antyodaya Yojana -National Rural Livelihoods Mission (DAY-NRLM) in the current fiscal. The central bank issued the revised guidelines on interest subvention scheme under DAY­NRLM, bsc chronicle as received from the Ministry of Rural Development for implementation by 21 public sector banks and 19 private banks. All women SHGs will be eligible for interest subvention on credit upto 3 lakh rupees at 7 per cent per annum. bsc magazine-Buy–Now Banks will be subvented to the extent of the difference between the Weighted Average Interest Charged and 7 per cent, subject to the maximum limit of 5.5 per cent for the year 2017-18.

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