ANNOUNCEMENT 26 Aug 2013

In August 2013, the government of India announced a change in financial export support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Circular DBOD.Dir.BC.No.43 /04.02.001/2013-14

https://rbi.org.in/scripts/NotificationUser.aspx?Mode=0&Id=8341


Inception date: 01 Aug 2013 | Removal date: 31 Mar 2014
Still in force

Other export incentive

 On 26 August 2013, the Reserve Bank of India through Circular DBOD. Dir.BC. No.43 /04.02.001/2013-14 increased the interest credit under the interest subvention scheme for rupee export credits from 2 percentage points to 3 percentage points subject to a floor rate on the credit of 7%. The sectors covered under the scheme include Handicrafts, Handlooms, Carpets,Small and Medium Enterprises, Readymade Garments, Processed Agriculture Products, Sport Goods , Toys and Engineering Goods. The increased rate credit is applicable from 1 August 2013.

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

AFFECTED SECTORS

 
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(+ 67 more)

AFFECTED PRODUCTS

 
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