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
Still in force

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 PRODUCTS

 
N/A