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Cabinet allows inclusion of merchant exporters under Interest Equalisation Scheme (1ES) for Pre and Post Shipment Rupee Export Credit

News and Press Release - Dated:- 2-1-2019 - The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval to the proposal of the Department of Commerce for including merchant exporters under the I .....

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gely in MSME/ labour intensive sectors such as Agriculture, Textiles, Leather, Handicraft, machinery, etc. The proposal will entail benefits of around ₹ 600 crore to exporters on interest equalisation, for the remaining period of the scheme. In .....

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a fillip to employment generation as MSME are generally in the employment intensive sectors. The present scheme, which is in-force from 1.4.2015 for five years, provides interest equalization rate of 3% on Pre and Post Shipment Rupee Credit tor all .....

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