Interest Equalisation Scheme on Pre- and Post-Shipment Rupee Export Credit
Recently, the Union Cabinet approved an additional allocation of Rs 2500 Cr for continuation of Interest Equalisation Scheme till 30th June 2024.
Key Points
- Benefit shall be continued till 30.06.2024 to manufacturer and merchant exporters of the identified 410 tariff lines and to all manufacturer exporters from MSME sectors.
| Specified Rates |
|
|
Category of Exporters |
Rate of Interest Equalisation |
|
Manufacturer and Merchant Exporters exporting products listed in the 410 tariff lines |
2% |
|
MSME exporters of all tariff lines |
3% |
Implementation Strategy and Targets
- The scheme shall be implemented by Reserve Bank of India (RBI) through various Public and non-Public Sector banks who provide ....
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