<h1>Engineering exporters urge government relief, reinstatement of Interest Equalisation Scheme and affordable export finance for MSMEs amid US tariffs</h1> An industry body representing engineering exporters requested government relief to offset punitive US tariffs and urged reinstatement of the Interest Equalisation Scheme and access to affordable export finance, especially for MSME manufacturers. The group told the central bank governor the sector faces about a 30% duty disadvantage versus competitors and can absorb roughly half the tariff burden, seeking state support for the remainder via scrips or foreign-exchange conversion at the REER rate. It also urged lenders and rating agencies not to penalize exporters for temporary US-tariff exposure and highlighted difficulties obtaining collateral-free, reasonably priced loans.