Subsidy in Annasaheb Patil Mahamandal loan

Here’s a clear overview of the interest subsidy (i.e., अनुदान) available under the Annasaheb Patil Mahamandal (Economic Development Corporation) loan schemes:

🔹 Individual Loan Interest Reimbursement (IR‑I)
Loan range: ₹1 lakh to ₹15 lakh. For loans up to ₹15 lakh, the corporation reimburses interest at 12 % p.a., up to a maximum of ₹4.5 lakh total over the loan tenure
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Subsidy calculations: You receive reimbursement on the EMIs — the state pays the 12 % interest directly to your bank.

Repayment period: Up to 7 years, with the maximum age eligibility extended to 60 years
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First installment: The mandate is that the first EMI installment—both principal and interest—is disbursed as a subsidy directly into your bank account .

🔹 Group Loan Interest Reimbursement (IR‑II) & Group Project Loan (GL‑I)
IR‑II Scope: For women’s self-help groups, FPOs, LLPs, co‑ops, etc., engaged in agriculture‑oriented businesses:

Interest reimbursement over 5–7 years without age limits (especially for women SHG groups or farmer unions) .

The loan ceiling is up to ₹50 lakh
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GL‑I (Group Projects):

Provides loans up to ₹50 lakh to registered group entities (often with 60 % membership from target communities).

Interest reimbursement is provided for the full 5-year loan period, now extended to 7 years showcasing government commitment
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🔹 Individual Subsidy Amount Details
Up to 50 % subsidy or max ₹1 lakh, whichever is lower, for general category beneficiaries

Women entrepreneurs may receive 50–75 % subsidy
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✅ Eligibility & Conditions
Must belong to the Maratha community (certificate mandatory) and be Maharashtra resident
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Age eligibility: 18–60 years for individuals, no age limit for eligible women‑group borrowers .

The subsidy is strictly India, Maharashtra, non‑agriculture/business use, with bank‑approved project reports .

Proper documentation and uploading LOI before loan sanction critical for interest reimbursement
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📌 Key Clarifications
Feature Details
Subsidy Type Interest reimbursement (12 % p.a.)
Loan size & groups ₹1–15 lakh (individual), ₹10–50 lakh (group)
Loan purpose Self-employment/business/professional
Duration of subsidy Up to 7 years (varies by scheme)
Who covers interest Maharashtra govt via the Mandal
Max subsidy ₹4.5 lakh interest or 50–75 % threshold

🔍 What You Should Do:
Determine your loan type – whether it's individual or group.

Gather documents – caste, residence, income, project plan, bank letters, EMIs, LOI.

Apply online or offline through the Mandal or designated banks.

Ensure LOI is uploaded before loan sanction to qualify for interest reimbursement
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Keep track of bank loan account—as subsidies may appear monthly or as lumpsum into your EMIs.

✅ Final Summary
The subsidy here is not a grant on loan principal, but rather repayment of interest — up to ₹4.5 lakh for individuals and full interest for group loans over the tenure. Women, maratha caste, and timely documentation (like LOI) can significantly increase the subsidy % and period.