Govt. Extends Interest Equalization Scheme for Pre and Post-Shipment Rupee Export Credit up to Dec 31, 2024 | RBI
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- Last Updated on 14 October, 2024
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Circular No. RBI/2024-25/80 DOR.STR.REC.45/04.02.001/2024-25, Dated: 09.10.2024
Earlier, the Govt. extended the Interest Equalization Scheme for MSME exporters till 30.09.2024. Now, the Govt. has allowed for an extension of the scheme up to 31.12.2024 with some modifications to the scheme. The fiscal benefits of each MSME on an aggregate will be restricted to Rs 50 lakhs for FY 2024-25 till 31.12.2024. Also, MSME manufacturer exporters who have already availed equalization benefits of Rs 50 lakhs or more in FY 204-25 till 30.09.2024 will not be eligible for further benefits.
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