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Rajasthan: Graded Interest Rebate Scheme

RIICO under Rajasthan Government has introduced Graded Interest Rebate Scheme for Fresh Term Loan with Interest Rate for providing rebate in interest rate on term loan taken. This scheme is initiated to encourage borrowers for repaying their loan on the time.


  • The new borrowers whose account is classified as Standard Account on the close of the financial year shall be eligible for benefit under Graded Interest Rebate System (GIRS) over and above the rebate for timely payment.
  • The performance of the loan account shall be observed for minimum of one year therefore, the benefit under the scheme will commence from the next year.
  • The cases covered under “Incentive Scheme for Good Borrowers” will not be eligible under this scheme.


The applicable interest rate will be reduced by 0.25%, 0.25% and 0.50% in II, III and IV years respectively as per details in the table below:

Year (quarterly Starting April 15th) Prevailing (documented) interest rate Rebate for timely payment Proposed additional interest rebate
I 13.75 As per prevailing policy – 2% Nil
II 13.75 As per prevailing policy – 2%


III 13.75 As per prevailing policy – 2%


IV 13.75 As per prevailing policy – 2%



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