ANNOUNCEMENT 01 Apr 2010

In April 2010, the Reserve Bank of India extended the interest subvention scheme for the year 2010-11 with reduced the number of eligible sectors.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Circular DBOD.Dir.(Exp).BC.No.94/04.02.001/2009-10
https://rbi.org.in/scripts/NotificationUser.aspx?Mode=0&Id=5624

Inception date: 01 Apr 2010 | Removal date: 31 Mar 2011

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 - 

  1. Textiles (excluding handlooms)
  2. Leather
  3. Gems and Jewellery
  4. Marine products


The subvention scheme provides an additional 2% interest reduction on pre-shipment and post-shipment Rupee export credit for employment oriented export sectors.

AFFECTED SECTORS

 
041 042 043 044 045 049 163 261 262 263 264 265 266 267 268 271 272 273 279 281 282 283 291 382
(+ 9 more)

AFFECTED PRODUCTS

 
N/A