AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYYes
Other export incentive
On 23 April 2010, the Reserve Bank of India (RBI) through Circular DBOD. Dir.(Exp).BC. No.94/04.02.001/2009-10 extended the interest subvention facility for the period 1 April 2010 to 31 March 2011. However, the eligible sectors under the scheme were reduced. The following sectors are now excluded -
The subvention scheme provides an additional 2% interest reduction on pre-shipment and post-shipment Rupee export credit for employment oriented export sectors.
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