Loans and Advances of the State Government of West Bengal – Interest rates and other terms and conditions.
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Loans and Advances of the State Govt – Interest rates and other terms and conditions for the year 2016-2017 (No. 565-FB dated 21.07.2017).
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Subject: Loans and Advances of the State Govt – Interest rates and other terms and conditions for the year 2015-2016 vide No. 330-F.B. dated 17.06.2016.
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Rate of Interest for Other Advances (i.e. advances in connection with marriage, illness, etc. and advances for other purposes) including passage advance is 5.5% per annum.
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The rate of interest on loans sanctioned in respect of Externally Aided Project including Back to Back out of the loan assistance from World Bank/A.D.B etc. will be same at which it is received.
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Loans to Local Bodies – Municipal Corporations, Municipalities, Improvement Trusts, Development Authorities, Zilla Parishads, Anchalic Parishads, Panchayat Samities, Housing Boards etc.
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Governor has been pleased to fix the following rates of interest on loans and advances taken by Government Servants during the year 2013-2014 as follows:
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(i) Up to Rs. 50,000/- ………… 6%
(ii) Up to Rs. 1,50,000/- ………… 7.5%
(iii) Up to Rs. 5,00,000/- ………… 9%
(iv) Up to Rs. 7,50,000/- ………… 9.5%