Interest equalisation scheme for exporters extended for another 3 months; capped at Rs 50 lakh

The government has extended the interest equalisation scheme for pre- and post-shipment rupee export credit till December 31, 2024. This move aims to support exports and MSMEs amid global economic challenges. The scheme, which ended on September 30, provides exporters with competitive rupee export credit rates. A cap of Rs 50 lakh has been set for MSMEs.