A kind of capital
Interest subvention
The government pays part of the interest on a loan you already have. It lowers the cost of borrowing without changing the loan.
Subvention is a rebate on the rate. The borrower services the facility normally and the scheme reimburses a fixed number of percentage points, either to the lender or to the borrower's account, for as long as the conditions hold. On a term loan of any size the saving compounds quietly and materially.
It is almost always tied to something the state is encouraging — an export order, an energy-efficient asset, employment in a particular category — and the eligibility usually depends on facts about the loan's purpose rather than about the company alone.
Because it attaches to existing borrowing, it is the cheapest thing on this register to claim: no new instrument, no new lender, and the application is often a form the existing bank files.
On the register
No programme on the register currently provides capital in this form. The register grows one researched scheme at a time — when one lands, it will appear here.