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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