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of <h1>Interest Equalisation Scheme for Rupee Export Credit Extended to December 2024 with MSME Benefit Cap at Rs. 50 Lakhs.</h1> The Interest Equalisation Scheme for Pre and Post shipment Rupee Export Credit has been extended for three months beyond 30th September 2024, now valid until 31st December 2024. The extension maintains previous terms, with an additional condition limiting fiscal benefits for each MSME to Rs. 50 Lakhs for FY 2024-25 until December 2024. MSME manufacturer exporters who have already received Rs. 50 Lakhs or more in benefits by 30th September 2024 will not qualify for further benefits during the extension. This extension is subject to potential revision before its expiration. Relevant guidelines and notifications by the Reserve Bank of India should be consulted.
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