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The Interest Equalisation Scheme (IES) for Pre and Post shipment Rupee Export Credit has been extended for three months beyond 30th September 2024, until 31st December 2024. The extension is granted on the same terms and conditions as the previous extension, with an additional condition that the fiscal benefits for each MSME will be restricted to Rs. 50 Lakhs for the FY 2024-25 until December 2024. MSMEs that have already availed the equalization benefit of Rs. 50 Lakhs or more in 2024-25 until 30th September 2024 will not be eligible for further benefits during the extended period. The extension is valid for three months or until a revised approval is received prior to the lapse of the three-month extension period. Relevant RBI guidelines and notifications should be referred to for further details.
The Interest Equalisation Scheme (IES) for Pre and Post shipment Rupee Export Credit has been extended for three months beyond 30th September 2024, until 31st December 2024. The extension is granted on the same terms and conditions as the previous extension, with an additional condition that the fiscal benefits for each MSME will be restricted to Rs. 50 Lakhs for the FY 2024-25 until December 2024. MSMEs that have already availed the equalization benefit of Rs. 50 Lakhs or more in 2024-25 until 30th September 2024 will not be eligible for further benefits during the extended period. The extension is valid for three months or until a revised approval is received prior to the lapse of the three-month extension period. Relevant RBI guidelines and notifications should be referred to for further details.
Note: It is a system-generated summary and is for quick reference only.
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