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of <h1>Interest subvention for MSME exporters' rupee export credit at 2.75%, capped ?50 lakh yearly, via UIN and bank pass-through</h1> Interest subvention is launched with immediate effect for MSME manufacturer and merchant exporters on pre-shipment and post-shipment rupee export credit, to reduce the cost of export credit and improve liquidity for working-capital needs, with support confined to the credit-cost element and not linked to export performance. Subvention is set at 2.75% per annum, subject to a maximum aggregate benefit of INR 50 lakh per financial year per exporter, and is restricted to export credit extended by lending institutions in accordance with RBI Master Directions and to exports of notified HSN six-digit tariff lines under a positive list. Eligible exporters must file an online intent to generate a UIN linked to a lending bank; banks must pass the benefit upfront and claim reimbursement from RBI with prescribed reporting and external-auditor certification, while the scheme runs on a pilot basis alongside stakeholder consultation for refinement and subsequent formalisation under the FTP/HBP framework.
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