Meaning
Understanding how the scheme reduces loan burdens.Definition
An Interest Subvention Scheme is a government initiative that offers a subsidy on the interest payable on certain loans, making them more affordable for borrowers.How It Works
The government or a nodal agency pays a portion of the interest due on a loan directly to the lending institution. This reduces the effective interest rate for the borrower.Key Benefits
Borrowers pay less interest, making loans more accessible and reducing their financial burden.Author
