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of <h1>Exporters Must Obtain Unique ID for Interest Benefits Under Amended Scheme Starting May 2023.</h1> The Directorate General of Foreign Trade has amended the Interest Equalisation Scheme, requiring exporters to submit a Unique Identification Number (UIN) to the relevant bank for interest subvention benefits starting from May 1, 2023. Each UIN will be linked to a specific bank for a one-time disbursement, and exporters must generate a new UIN for each subsequent disbursement or credit rollover. This amendment follows a previous notice from March 2022 and aims to streamline the process for beneficiaries under the scheme. The changes have been approved by the Competent Authority.
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