Loans and Advances of the State Government of West Bengal – Interest rates and other terms and conditions.
Loans and Advances of the State Government – Interest rates and other terms and conditions for the Financial Year, 2023-24.
Loans and Advances of the State Govt- Interest rates and other terms and conditions from the year 2018-19 to 2022-2023.
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).
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.
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.
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.
Loans to Local Bodies – Municipal Corporations, Municipalities, Improvement Trusts, Development Authorities, Zilla Parishads, Anchalic Parishads, Panchayat Samities, Housing Boards etc.
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:
(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%
The period of repayment of working capital loans should preferably be restricted to 2 or 3 years. In no case, however, the period of these loans should exceed 5 years.