RBI extends interest subvention for exporters till March 2014
Updated: Jun 04, 2013 03:32:31pm
New Delhi, June 4 (KNN) Reserve Bank of India today extended the interest subvention of two per cent on pre and post shipment to specified export sectors.
The move came following the government’s decision to widen the interest subvention scheme to include six additional textile items like blankets, bed linen, table linen and 101 engineering items apart from the already existing 134 items.
The scheme will be applicable from the period April 1, 2013 to March 31, 2014.
Earlier an interest subvention of 2 per cent for certain employment orientated export sectors was also extended with effect from January 1, 2013 to March 31, 2014 on pre and post shipment rupee export credit. (KNN)
The move came following the government’s decision to widen the interest subvention scheme to include six additional textile items like blankets, bed linen, table linen and 101 engineering items apart from the already existing 134 items.
The scheme will be applicable from the period April 1, 2013 to March 31, 2014.
Earlier an interest subvention of 2 per cent for certain employment orientated export sectors was also extended with effect from January 1, 2013 to March 31, 2014 on pre and post shipment rupee export credit. (KNN)
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