Andhra Pradesh reimburses interest on term loans taken on fixed capital investment by new micro and small enterprises — the portion of interest in excess of 3% per annum, up to a maximum reimbursement of 9% per annum, for 5 years from commencement of commercial production. Units within Visakhapatnam, Vijayawada and Hyderabad municipal corporation limits are excluded.
9% subsidy
INTEREST · quoted from the scheme, not calculated by us
New micro and small enterprises in AP (outside Visakhapatnam/Vijayawada/Hyderabad municipal corporation limits) that repay loan instalments promptly — interest above 3% reimbursed, max 9% p.a. for 5 years
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