Loans and Advances
Loans and Advances of the State Government of West Bengal – Interest rates and other terms and conditions.
Loans and Advances
Finance
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:
Finance
(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%
Finance
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.
Finance
Loans to Local Bodies – Municipal Corporations, Municipalities, Improvement Trusts, Development Authorities, Zilla Parishads, Anchalic Parishads, Panchayat Samities, Housing Boards etc. — 13.00.
Finance
The Governor has been pleased to Fix the following rates of interest on loans taken by Government Servants during the year 2011-2012 as follows:
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