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Interest Equalisation Scheme on Pre & Post Shipment Rupee Export Credit with effect from 1st April, 2015 for five years

Dated:- 18-11-2015 - The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for Interest Equalisation Scheme (earlier called Interest Subvention Scheme) on Pre & Post Shipment Rupee Exp .....

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be available to all exports of MSME and 416 tariff lines. Scheme would not be available to merchant exporters. (ii) The duration of the scheme would be five years with effect from 1.4.2015. (iii) The scheme would be funded from the funds available w .....

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imbursement can be made on a monthly basis through a revolving fund system, (v) On completion of three years of operation of the scheme, Department of Commerce may initiate a study on impact of the scheme on export promotion and its further continuat .....

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However, the actual financial implication would depend on the level of exports and the claims filed by the exporters with the banks. Funds to the tune of ₹ 1625 crore under Non-plan Head of account are available under Demand of Grants for 2015- .....

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enerating sectors like processed agriculture/food items, handicrafts, handmade carpet (including silk), handloom products, coir and coir manufactures, jute raw and yarn and other jute manufactures, readymade garments and made ups covered under Chapte .....

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tc., Auto Components/Parts, Bicycle & Parts, Articles of Iron or Steel (Notified lines), Misc. Articles of base metals (Notified lines), Industrial Machinery, Electrical and Engineering items, 1C Engine, Machine tools, Parts (Notified lines), Ele .....

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iculture/Food items All lines 22 2 Handicraft All lines 37 3 Carpet (Excl. Silk) Handmade All lines 5 4 Handloom Products All lines 2 5 Coir & Coir Manufactures All lines 5 6 Jute Raw, Yarn All lines 2 7 Other Jute Manufactures All lines 1 8 Read .....

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