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    <title>Interest Equalisation Scheme for Pre &amp; Post Shipment Rupee Export Credit for 5 years from April 2015-2020</title>
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    <description>An Interest Equalisation scheme grants concessional treatment on pre and post shipment rupee export credit for eligible exporters under notified tariff lines and MSMEs; banks must fully pass the benefit to exporters, reduce interest rates for eligible advances, and submit sector wise monthly reimbursement claims to RBI with an external auditor&#039;s certificate; eligibility requires compliance with Rules of Origin (Non Preferential) minimum processing and certain product groups face additional value addition conditions; reimbursements are made monthly from government funds via a revolving fund and RBI reports commodity wise and bank wise disbursements.</description>
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      <description>An Interest Equalisation scheme grants concessional treatment on pre and post shipment rupee export credit for eligible exporters under notified tariff lines and MSMEs; banks must fully pass the benefit to exporters, reduce interest rates for eligible advances, and submit sector wise monthly reimbursement claims to RBI with an external auditor&#039;s certificate; eligibility requires compliance with Rules of Origin (Non Preferential) minimum processing and certain product groups face additional value addition conditions; reimbursements are made monthly from government funds via a revolving fund and RBI reports commodity wise and bank wise disbursements.</description>
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