Institutional Transition of Implementing Agency from the Reserve Bank of India (RBI) to the Export-Import Bank of India (EXIM Bank) for the Interest Subvention Support for Pre- and Post-Shipment Export Credit under Export Promotion Mission (EPM) – Niryat Prothsahan

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....Subvention Support for Pre- and Post-Shipment Export Credit under Export Promotion Mission (EPM) - Niryat Prothsahan - reg. In reference to the guidelines for Interest Subvention Support for Pre- and Post-Shipment Export Credit under the Export Promotion Mission (EPM) issued vide Trade Notice No. 20/2025-26 dated 02.01.2026, Trade Notice No. 22/2025-26 dated 16.01.2026, Trade Notice No. 33/2025-26 dated 20.03.2026, Trade Notice No. 01/2026-27 dated 20.04.2026, Trade Notice No. 03/2026-27 dated 13.05.2026 and Trade Notice No. 13/2026-27 dated 14.07.2026. 2. With respect to Para 2 of the Trade Notice 20/2025-26, the Interest Subvention scheme was initially operationalized through the Reserve Bank of India (RBI) on a pilot basis. Followi....

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....2 (a) (Implementing Framework) Export credit shall continue to be sanctioned and disbursed by lending institutions as per applicable Reserve Bank of India's Consolidated Directions on Credit Facilities. The interest subvention shall be passed on upfront to the eligible MSME exporter by the lending institution, and the corresponding reimbursement shall be claimed by the lending institution from the Reserve Bank of India (RBI) as per operational procedures notified from time to time. Export credit shall continue to be sanctioned and disbursed by lending institutions as per applicable Reserve Bank of India's Consolidated Directions on Credit Facilities. The interest subvention shall be passed on upfront to the eligible MSME exporte....