SUBVENTION SCHEME
Union Cabinet approves ₹10,000 crore Container Manufacturing Scheme to boost India's production
The Union Cabinet has approved significant schemes to enhance India's manufacturing infrastructure and capacity. The ₹10,000 crore Container Manufacturing Promotion Scheme aims to increase container production substantially by 2040. Additionally, the Pradhan Mantri Viksit Gram Swaraj Yojana will be implemented from 2026-27 to 2030-31, providing crucial funding. The Khelo India Sports Goods Manufacturing Scheme will also support sports equipment production from 2026 to 2034.
Cabinet approves Rs 10,000 crore container manufacturing scheme
The Union Cabinet has recently approved a significant scheme to boost container manufacturing in India. This Rs 10,000 crore initiative aims to enhance production capacity by ten-fold by the year 2040. It will reduce the country's reliance on container imports and improve supply-chain resilience. Financial assistance will support eligible manufacturers meeting global shipping standards. Additionally, an interest subvention will aid in the expansion of existing facilities for container production.
Cabinet approves Rs 10,000 crore container manufacturing scheme
The Indian government has approved a Container Manufacturing Assistance Scheme with a total budget of Rs 10,000 crore. This scheme aims to build domestic manufacturing capabilities and reduce reliance on container imports. It will promote facilities, testing, and skills development in the container manufacturing sector. The scheme is expected to create thousands of jobs and enhance competitiveness against global producers.
Sagarmala Finance Corp aims for Rs 60,205 cr disbursal by 2031
Sagarmala Finance Corporation Limited has announced a cumulative disbursement target of Rs 60,205 crore by 2031. The financing has reached Rs 11,563 crore, with Rs 5,107 crore disbursed so far. Union Shipping Minister Sarbananda Sonowal emphasized SMFCL's role in supporting port-led development and shipbuilding initiatives. The Maritime Investment Fund aims to strengthen long-term financing for maritime projects nationwide.
Assam's revised ATISIS gives major boost to GTAC-linked CTC exports
Assam's updated tea incentive scheme introduces exciting export benefits designed to enhance the quality of CTC tea. The initiative promises a Rs 3 per kg bonus for single-origin Assam tea exports and significantly boosts subsidies for Orthodox and Specialty tea production. Additionally, improved working capital assistance is provided, with Matcha tea now part of the program, aiming to fortify Assam's tea exports and the Guwahati auction platform.
Centre eases export compliance for shipments up to Rs 3 lakh, seeks 5-year RoDTEP extension
Exporters will not need a registration certificate for shipments valued up to three lakh rupees. This change reduces compliance burdens for new and small businesses entering overseas markets. The government is also seeking a five-year extension for the RoDTEP export promotion scheme. Discussions are underway to ensure predictability and examine potential changes to the mission. A framework for Brand India and sectoral branding is currently being developed.
Student or parent: Who should be the primary borrower for education loan? Check repayment and tax implications before deciding
Determining whether a parent or a student should take on an education loan is an important decision. Although the student is the main borrower, having a co-borrower can be beneficial. It’s essential to think about potential future income for repayment rather than merely focusing on admission offers.
Govt in talks with banks to cut Kisan Credit Card interest subvention by 50 basis points
The government is discussing a 50 basis point reduction in interest subvention for Kisan Credit Card loans. This move aims to align subsidies with recent policy rate cuts by the Reserve Bank of India. Banks currently receive a 1.5% subsidy to offer loans at a 7% interest rate. Discussions are preliminary and part of extending the scheme until 2031-32. Farmers repaying promptly will continue to receive additional interest benefits.
How homebuyers can protect themselves from being scammed by builder-bank nexus when buying under-construction houses
The Supreme Court recently ordered a CBI probe into a builder-bank scam on interest subvention schemes. With projects stalled and poor enforcement, homebuyers are now stuck with EMIs for undelivered houses. Here’s what you should know before opting for such plans.
Cabinet gives nod to extend Modified Interest Subvention Scheme at 1.5% rate for FY26
The Union Cabinet, led by Prime Minister Modi, has approved the continuation of the Interest Subvention component under the Modified Interest Subvention Scheme (MISS) for FY26, benefiting over 7.75 crore KCC accounts.
Budget 2025: What is subvention and how does it work?
The government provides financial aid called subvention to reduce loan interest. This helps farmers access affordable loans. The Interest Subvention Scheme assists farmers with short-term loans at lower rates. This scheme supports rural livelihoods. It covers the Kharif season from 2006-07 through 2024-25. The government also helps farmers after natural disasters by covering interest on restructured loans.
Uddhav Thackeray asks Centre to restore 2 pc interest subvention scheme for farmers
Uddhav Thackeray said under the scheme, the central government had made 2 per cent interest subvention or subsidy available to cooperative as well as nationalized banks which enabled these lending institutions to disburse short-term crop loan to farmers at confessional rate.
Government hopes to reach poorest families with VISVAS, an interest subvention scheme
For the first year, the Centre has identified 3.28 lakh beneficiaries, including 1.98 lakh SCs and 1.27 lakh OBCs, for its interest subvention scheme
Only 23 housing projects launched during Apr-Jun quarter under subvention scheme: Report
These 23 projects comprised of 7,620 units – about 11 per cent of the total 69,000 units launched in the quarter.
Govt approves interest subvention scheme for farmers
The government has approved the implementation of 2 per cent interest subvention scheme for the year 2015-16 for short term crop loans upto Rs 3 lakhs.
Commerce Minister Nirmala Sitharaman moves Cabinet note on interest subvention scheme
Last week, Nirmala Sitharaman had told Parliament that the interest subvention scheme for various sectors was under consideration of the government.
Tamil Nadu wants interest subvention scheme for farmers to continue
CM Jayalalithaa said it is learnt that the Centre was contemplating two major changes in the interest subvention scheme for crop loans.
Living on rent? Subventions schemes are for you
Most subvention schemes on offer in the NCR require the buyer to pay just 10 per cent of the total cost as an initial payment.
Things to keep in mind when participating in subvention schemes
While you should take advantage of subvention schemes and deferred payment plans, guard yourself against a few pitfalls.
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