<h1>Cabinet Approves Rs.2050 Crore Extension for Interest Subvention Scheme to Support Handicrafts and SMEs Until March 2012.</h1> The Cabinet Committee on Economic Affairs approved additional funds of Rs.2050 crore for the Interest Subvention Scheme, extending it until March 31, 2012, for sectors like Handicrafts, Handlooms, Carpets, and SMEs. This includes Rs.1250 crore for the period up to March 2011 and Rs.800 crore for the subsequent year. The scheme, initiated in 2007, provides a 2% interest subvention to scheduled commercial banks for rupee export credit, aiding exporters affected by the global recession. The approval addresses a funding gap, with Rs.996 crore to be released to the RBI when available.