« Top Headlines » Open DEMAT Account in 24 hrs  No more tax filing hassles with digital Form 16 Know how it works «  Mumbai I-T refunds Rs 4,276 cr in April-Aug... Mumbai IT collections rise by 62%... » Finmin revises rates on loans to states September, 26th 2006 The finance ministry has raised lending rates on short term loans to states from 7 per cent to 7.5 per cent. The revised rates will be applicable with retrospective effect from April 1, 2006, according to a finance ministry notice dated September 18 posted on the website. The above rate is applicable for loans with a tenure of up to one year. For other loans, the interest rate has been pegged at 9 per cent.