Govt. slashes KSFC interest rate by 4 percent

Govt. slashes KSFC interest rate by 4 percent

July 24, 2020

Bengaluru: The State Government on Thursday slashed KSFC (Karnataka State Finance Corporation) annual interest rate by 4 percent on the loans extended by it to entrepreneurs.

Announcing this after a State Cabinet meeting here yesterday, Law Minister J.C. Madhuswamy said that following representations by loanees, the State Government has decided to slash annual interest rate from 10 percent to 6 percent.

The other Cabinet decisions included renovation of Fort at  Madikeri in Kodagu at a cost of Rs.10 crore,  approval for purchase of medical equipment worth Rs. 29.87 crore for Bidar Institute of Medical Sciences and an exclusive Cadre and Recruitment rules for appointments to ACB (Anti-Corruption Bureau), among others.


Mysuru’s favorite and largest circulated English evening daily has kept the citizens of Mysuru informed and entertained since 1978. Over the past 45 years, Star of Mysore has been the newspaper that Mysureans reach for every evening to know about the happenings in Mysuru city. The newspaper has feature rich articles and dedicated pages targeted at readers across the demographic spectrum of Mysuru city. With a readership of over 2,50,000 Star of Mysore has been the best connection between it’s readers and their leaders; between advertisers and customers; between Mysuru and Mysureans.


Academy News Papers Private Limited, Publishers, Star of Mysore & Mysuru Mithra, 15-C, Industrial ‘A’ Layout, Bannimantap, Mysuru-570015. Phone no. – 0821 249 6520

To advertise on Star of Mysore, email us at

Online Edition: [email protected]
Print Editon: [email protected]
For News/Press Release: [email protected]