ANNOUNCEMENT 26 Dec 2012

In December 2012, the government of India announced a change in financial export support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 26 Dec 2012 | Removal date: 27 Mar 2014
Still in force

Other export incentive

On 26 December 2012, the Indian Ministry of Commerce and Industry introduced the following amendments to the 2% interest subvention scheme:

  • The scheme was set to expire on 31 March 2013 but has now been extended until 31 March 2014
  • It has been extended to exporters of all Small and Medium Enterprises in any sector. Initially, the scheme was restricted exporters of handicrafts, carpets, handloom, ready-made garments, processed agricultural products, sports goods and toys
  • Certain sub-sectors of the engineering sector have also been included in the scheme
  • A pilot scheme for benefits under the subvention scheme has been introduced for project exports to the SAARC region, Africa and Myanmar through the indian export import bank 

 
The scheme provides interest aid of 2% to exporters of the specified products.
 

AFFECTED PRODUCTS

 
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