<h1>RBI Extends and Expands 2% Interest Subvention Scheme for Export Credit to Support Various Sectors Until March 2014.</h1> The Reserve Bank of India (RBI) announced an extension and expansion of the interest subvention scheme for rupee export credit. The scheme, initially set to end on March 31, 2013, is extended through March 31, 2014, offering a 2% interest subvention for specified export sectors. The expansion includes 134 tariff lines within the Engineering Sector, alongside existing sectors such as Handicrafts, Carpets, Handlooms, SMEs, Readymade Garments, Processed Agriculture Products, Sport Goods, and Toys. The subvention aims to support exporters by reducing interest rates on pre and post-shipment export credit.