How to avail 2% rebate on OD interest against MSME Registration Certificate, Banking - Finance

[RAMAKRISHNA M]

Good Evening Every All,

We are registered under MSME and our organisation had taken Overdraft facility from ICICI Bank.

Understand that we are eligible for 2% rebate on OD interest.

How to avail this 2% from Bank since Bankers doesn't know this process till now.

Kindly suggest.

thanks & regards,

Ramakrishna

8555068096

Posts / Replies

[DR.MARIAPPAN GOVINDARAJAN]

MSME is eligible to avail 2% discount of interest on smart loans. The loan option for GST registered firms will now be available through the GST portal itself. "When you file GST returns, you will be asked if you want a loan. GST registered firms will also get a 2 % interest subvention on fresh or incremental loans.