Rate of Interest on Loans and Advances by Central Government to States and Financial Institutions in India (As on 1st June,1990 to 2003) | ||||||||||||||
(Percent per Annum) | ||||||||||||||
Category of Borrower & Type of loan | Effective From | |||||||||||||
1st June | ||||||||||||||
1. State Governments | ||||||||||||||
a) Ways & Means Advances (Recoverable with in the year) | ||||||||||||||
b) Loans out of net collections of small savings | ||||||||||||||
c) Other loans | ||||||||||||||
2. Union Territory Governments (with Legislature) | ||||||||||||||
a) Loan upto one year | ||||||||||||||
b) Loan out of net collections of small savings | ||||||||||||||
c) Other loans | ||||||||||||||
3. Industrial and commercial undertakings in the public sector and cooperatives | ||||||||||||||
a) Investment loans | ||||||||||||||
b) Working Capital loans and loans to meet cash losses | ||||||||||||||
c) Loans for Implementation for VRS in sick PSUs | ||||||||||||||
4. Financial Institutions in the Public Sector, port Trusts, KVIC, Municipal Corporation of Delhi, DVB, Commodity Boards, Social Service Institutions, Individuals etc. | ||||||||||||||
a) Rural Electrification Corporation | ||||||||||||||
i) For Minimum Need Programme (MNP) | ||||||||||||||
ii) Others | ||||||||||||||
b) National Bank for Agriculture & Rural Development (NABARD) and National Cooperative Development Corporations (NCDC) | ||||||||||||||
c) National Highways Authority of India | ||||||||||||||
d) Others |