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Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit

RBI - RBI/2015-2016/259 DBR.Dir.BC.No.62/04.02.001/2015-16 - Dated:- 4-12-2015 - RBI/2015-16/259 DBR.Dir.BC.No.62/04.02.001/2015-16 December 4, 2015 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, The Government of India has announced the to eligible exporters. The scheme is effective from April 1, 2015. The details of the scheme are enclosed. 2. Accordingly, scheduled commercial banks are advised to adhere to the following operational procedure for claiming reimbursement: A. Pro .....

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ovided by Government of India. iii. The interest equalisation benefit will be available from the date of disbursement up to the date of repayment or up to the date beyond which the outstanding export credit becomes overdue. However, the interest equalisation will be available to the eligible exporters only during the period the scheme is in force. B. Procedure for claiming reimbursement of interest equalisation benefit already passed on to eligible exporters i. The sector-wise consolidated reimb .....

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