AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYYes
Other export incentive
The Reserve Bank of India extended the list of products eligible for an interest rate subvention scheme on export credit. Specifically, it added 134 tariff lines (at the HS 4-digit level) of engineering goods as eligible for the scheme for the period 1 January 2013 to 31 March 2014.
The subvention scheme provides an additional 2% interest reduction on pre-shipment and post-shipment Rupee export credit for certain employment oriented export sectors (see related measure).
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