Please refer to IH & SMEFD Circular No.07 dated October 23, 2014 regarding the captioned subject.

2. It has been decided that from the date of issuance of this circular, refinance under the Scheme shall be provided to the banks at 4.50% p.a. The banks shall be permitted to charge a maximum spread of 3.0% p.a. from the borrowers. Therefore, financing to SMEs/farmers will be available at 7.50% p.a.

3. Other instructions on the subject shall remain unchanged.