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of <h1>India Launches Interest Equalisation Scheme for Export Credit Effective April 2015; Exporters Urged to Contact Banks for Benefits.</h1> The Government of India has announced the Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit, effective from April 1, 2015. This scheme, detailed in an RBI circular dated December 4, 2015, is intended for eligible exporters who have utilized pre and post shipment credit facilities since the effective date. Exporters are advised to contact their respective banks to expedite the process of availing benefits under this scheme. The details of the scheme can be accessed on the Reserve Bank of India's website.
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