Annasaheb Patil loan (IR-I) refunds the interest on a business loan of up to ₹15 lakh — up to 12% a year for 7 years, maximum ₹4.5 lakh. Pay EMIs on time and the loan becomes almost interest-free. Calculate your refund below. Free, no login.
Annasaheb Patil Interest Refund Calculator
Enter your bank loan — see your EMI and how much interest the Mahamandal will pay back. अण्णासाहेब पाटील कर्ज — किती व्याज परतावा मिळेल.
Free estimate, not an approval. Annasaheb Patil Arthik Magas Vikas Mahamandal (Government of Maharashtra), udyog.mahaswayam.gov.in: IR-I — business loan up to ₹15 lakh from any bank, interest refund up to ₹4.5 lakh, interest counted up to 12% a year, refund period up to 7 years; IR-II — group of 2+ people, loan cap ₹25 / 35 / 45 / 50 lakh for 2 / 3 / 4 / 5+ members, 12% interest for up to 5 years (₹15 lakh refund ceiling as reported — confirm); maximum age 60 (Maharashtra DGIPR, 25 Jan 2023). Refund is paid on the interest part of EMIs paid on time, after a monthly claim. Rules verified 8 Oct 2026.
Example: ₹10 lakh loan
A Pune trader takes a ₹10 lakh business loan at 11% for 5 years. EMI ₹21,742. Total interest over 5 years ₹3,04,545 — all of it is within 12% and below the ₹4.5 lakh cap, so the Mahamandal refunds it (about ₹5,076 a month on average). His real cost: only the principal.
Eligibility
| Rule | IR-I (individual) | IR-II (group) |
|---|---|---|
| Loan cap | ₹15 lakh | ₹25 / 35 / 45 / 50 lakh for 2 / 3 / 4 / 5+ members |
| Interest refunded | Up to 12% p.a. | Up to 12% p.a. |
| Refund period | Up to 7 years | Up to 5 years |
| Refund ceiling | ₹4.5 lakh | ₹15 lakh (as reported) |
| Who | Maharashtra resident, age ≤ 60, business loan | Group / FPO for business or farm-allied activity |
| Lender | Any bank | Any bank |
Documents for the LOI
- Aadhaar card (with updated mobile and own email)
- Residence proof — domicile, electricity bill, ration card, gas bill or bank passbook
- Income proof — family income certificate or ITR (spouse ITR if married)
- Caste certificate or school leaving certificate
- One-page project report (sample on the portal)
- 7/12 and 8A extract, or a landless declaration
- For vehicles: transport permit and driving licence; for a tractor, the business agreement
How to apply
- Register on the Mahamandal portal (udyog.mahaswayam.gov.in) with Aadhaar-linked mobile and email.
- Apply under IR-I or IR-II and upload documents to get the eligibility letter (LOI).
- Take the LOI and project report to any bank in your area and apply for a business loan.
- After sanction, upload the sanction letter, disbursement proof and EMI schedule on the portal.
- Pay every EMI on time, then file the monthly interest claim with a signed and stamped bank statement.
Official portal: udyog.mahaswayam.gov.in. The Mahamandal has no agents — only the Mumbai head office and district coordinators.
Annasaheb Patil loan bank list
There is no fixed bank list: the Mahamandal accepts business loans from any scheduled commercial, co-operative or regional rural bank in your area. The bank decides the loan under its own rules; the Mahamandal only refunds interest. Many blogs publish “bank lists” — use the official portal instead.
Why the refund stopped — and how to fix it
- Late or short EMI: refund is paid only for EMIs paid in full by the due date.
- Claim without a signed, stamped bank statement: re-upload the statement with the bank seal.
- LOI expired: the loan must be sanctioned while the LOI is valid — apply again for a new LOI if it lapsed.
- Wrong account details: refund goes to the account you entered after sanction — correct it on the portal.
- Cap or period reached: IR-I stops at ₹4.5 lakh or 7 years, whichever comes first.
Frequently asked questions
What is the Annasaheb Patil loan limit? IR-I (individual): business loan up to ₹15 lakh, with interest refund up to ₹4.5 lakh over up to 7 years. IR-II (group): ₹25 lakh for 2 members, ₹35 lakh for 3, ₹45 lakh for 4 and ₹50 lakh for 5 or more.
How much interest does the Mahamandal refund? Interest up to 12% a year on the EMIs you pay on time. If your bank charges more than 12%, you pay the difference. For IR-I the total refund is capped at ₹4.5 lakh.
Which banks give Annasaheb Patil loans? Any bank works — nationalised, private, co-operative or regional rural bank in your area. The Mahamandal does not lend; it only refunds interest. Check the bank on the portal while uploading your sanction.
What is the age limit? Maximum 60 years, and you must be a resident of Maharashtra. The scheme is for economically backward people from communities that do not have their own separate development corporation.
Why has my interest refund stopped? Common reasons: an EMI paid late or short, the claim filed without a signed and stamped bank statement, wrong account details, the LOI expiring before the loan was sanctioned, or the refund cap / period being reached. Contact your district coordinator.
Is the loan interest-free? Effectively yes, if your bank rate is 12% or less, your loan is within the limit and you pay every EMI on time — the Mahamandal returns the full interest part.
Source: Annasaheb Patil Arthik Magas Vikas Mahamandal, Government of Maharashtra — IR-I and IR-II scheme pages, documents and procedure (udyog.mahaswayam.gov.in); Maharashtra DGIPR (mahasamvad.in), 25 Jan 2023. Rules verified 8 Oct 2026.
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