Main schemes
| Scheme | Who | Benefit |
|---|---|---|
| AMRUT – individual loan interest refund | Economically weaker open-category applicants from communities without a separate corporation | Interest refunded at the bank's rate or 12%, whichever is lower, for EMIs paid on time. Loan limit, age and income: confirmed from AMRUT's current guidelines. |
| Annasaheb Patil Arthik Magas Vikas Mahamandal (IR-I individual) | Economically backward applicants, 18–45, family income within the non-creamy-layer limit, not covered by another corporation | Up to 12% interest refunded on a bank loan up to ₹10 lakh, for about 5 years |
| Annasaheb Patil (IR-II group) | SHGs, partnerships, LLPs, companies, co-operatives, FPOs | Loan ₹10–50 lakh, up to 12% interest for 5 years, maximum ₹15 lakh |
| Community corporations – Parshuram, OBC, VJNT, Vadar and others | Members of the community concerned | Individual and group interest refund schemes, typically up to 12% on loans up to ₹10 lakh; terms differ by corporation |
| Aai Tourism Policy | Women running tourism businesses (any category) | Up to 12% interest on loans up to ₹15 lakh, maximum ₹4.5 lakh, up to 7 years |
| Tourism Policy 2024 / MIISP-2025 | Eligible tourism units / industrial MSMEs | Interest subvention up to 5% (MIISP claims open after the operating scheme is notified) |
How the refund works
- Register on the corporation's portal and get the letter of intent (LOI).
- Take the loan from a bank that accepts the LOI; prepare the project report the bank needs.
- Pay every EMI on time.
- Upload the EMI / interest statement each period; the interest is credited to your Aadhaar-linked account.
Bank charges, penal interest and processing fees are not refunded. Late EMIs usually lose the refund for that period.
Common questions
Is there an interest refund scheme for open category in Maharashtra?
Yes. AMRUT runs an individual loan interest refund scheme for economically weaker open-category applicants, and the Annasaheb Patil Mahamandal GR of 21.11.2017 also covers economically backward applicants within the income limit. Community corporations such as Parshuram run similar schemes.
Is the interest refunded if I miss EMIs?
Generally no. The refund is paid only for instalments paid on time, based on the bank statement or EMI certificate.
Do I apply before or after the loan?
Before. For Annasaheb Patil and most corporations you first register and get the letter of intent, and then take the bank loan.
Sources: Annasaheb Patil GR Apam-2017/P.No.189/Roshiro-1 dated 21.11.2017; AMRUT scheme notices; Aai Tourism Policy. Corporation terms change from time to time – we confirm the current GR before you apply.