Banking chronicle The DeendayalAntyodayaYojana -National Rural Livelihoods Mission (DAY-NRLM) in the current fiscal. The central bank issued the revised guidelines on interest subvention scheme under DAYNRLM,bsc chronicleas 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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