Interest Equalization Scheme Extended by One Month till 30 Sept. 24 Only for MSME Manufacturing Exporters

[DGFT Trade Notice No. 16/2024-2025 dated 31^st August 2024]

Subject: Extension of Interest Equalization Scheme (IES) for Pre and Post shipment Rupee Export Credit for One month beyond 31^st August, 2024.

Trade and Industry is hereby informed that the Interest Equalization Scheme for Pre and Post shipment Rupee Export Credit, which had earlier been extended up to 31.08.2024 as a fund limited scheme, has been further extended for one month i.e., up to 30.09.2024.

2. However, this extension is applicable only for MSME Manufacturing exporters. Apart from that, such extension is made with the same terms and conditions as the present scheme.

3. Guidelines issued by Reserve Bank of India and relevant RBI notifications issued from time to time on this subject may be referred.

4. This issues with the approval of Competent authority.

(Issued from File No. OI/94/180/341/AM20/PC-4)