<h1>Government Launches 3% Interest Equalization for Export Credit to Boost MSMEs and Manufacturers.</h1> The government has implemented the Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit from April 1, 2015, for five years, offering a 3% interest equalization rate to manufacturers under 416 specified tariff lines and Micro, Small, and Medium Enterprises (MSMEs) across all ITC (HS) Codes. This initiative is part of broader measures to enhance exports, including the Merchandise Exports from India Scheme (MEIS), Duty Exemption/Remission Schemes, and the Export Promotion Capital Goods (EPCG) Scheme. Additionally, the Market Access Initiative (MAI) and Market Development Assistance (MDA) Schemes support export promotion activities and market expansion efforts.