What is concessional rate of interest?

Dear Student,
Concessional rate is the reduced rate in comparison of commercial rates. For example: If there is a interest rate of 10% and if Mr. A is getting loan on interest 8%, this is concessional rate of interest . He have to pay less interest , this is concessional rate.Such concessions are typically provided directly by government agency or by a government grant to a lending bank.
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