Interest subvention for MSME pre- and post-shipment export credit launched: 2.75% rate, Rs50 lakh annual cap, RBI pilot. Launch of an interest subvention under Niryat Protsahan to provide a rules-based 2.75% per annum interest relief on pre- and post-shipment rupee export credit for eligible MSME manufacturer and merchant exporters. Support is limited to interest cost, subject to lending in accordance with RBI directions, restricted to exports under a notified HSN six-digit positive list, and capped at Rs 50 lakh per exporter per financial year. Banks must pass benefits upfront and claim monthly reimbursement from RBI via a designated portal, with intent filing and UIN linkage for verification.
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Interest subvention for MSME pre- and post-shipment export credit launched: 2.75% rate, Rs50 lakh annual cap, RBI pilot.
Launch of an interest subvention under Niryat Protsahan to provide a rules-based 2.75% per annum interest relief on pre- and post-shipment rupee export credit for eligible MSME manufacturer and merchant exporters. Support is limited to interest cost, subject to lending in accordance with RBI directions, restricted to exports under a notified HSN six-digit positive list, and capped at Rs 50 lakh per exporter per financial year. Banks must pass benefits upfront and claim monthly reimbursement from RBI via a designated portal, with intent filing and UIN linkage for verification.
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