Provision of budget for balance funds under Scheme of Rupee Export Credit Interest Subvention to Scheduled Commercial Banks https://www.taxtmi.com/news?id=2481 Approval was granted for additional budgetary provision under the Interest Subvention scheme to enable Reserve Bank of India reimbursement of banks' claims, and the scheme was extended through 31 March 2012 for Handicrafts, Handlooms, Carpets and Small & Medium Enterprises. The Government provides an interest subvention of two percentage points per annum to scheduled commercial banks for rupee export credit to specified exporter categories, with disbursements routed via RBI and contingent on availability of departmental funds. en-us Fri, 02 Dec 2011 10:43:23 +0530 Fri, 02 Dec 2011 10:43:23 +0530 TaxTMI RSS Generator Provision of budget for balance funds under Scheme of Rupee Export Credit Interest Subvention to Scheduled Commercial Banks https://www.taxtmi.com/news?id=2481 Approval was granted for additional budgetary provision under the Interest Subvention scheme to enable Reserve Bank of India reimbursement of banks' claims, and the scheme was extended through 31 March 2012 for Handicrafts, Handlooms, Carpets and Small & Medium Enterprises. The Government provides an interest subvention of two percentage points per annum to scheduled commercial banks for rupee export credit to specified exporter categories, with disbursements routed via RBI and contingent on availability of departmental funds. News - Fri, 02 Dec 2011 10:43:23 +0530 https://www.taxtmi.com/news?id=2481