PXL/HO/Cir-099/2023-24                                                                            Date: 24.02.2024

Hyderabad

Dear Sir/Madam,

Subject: Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit -

Extension

We would like to inform member companies that the Government of India has allowed for extension of the Interest Equalization Scheme for Pre and Post Shipment Rupee Export Credit (‘Scheme’) up to June 30, 2024. 

The rate of interest equalization shall be 2% for Manufacturers and Merchant Exporters exporting under specified 410 HS lines and 3% to the MSME manufacturers.

The RBI Notification No. RBI/2023-24/124 dated 22.Feb.2024 to this effect is attached for your reference (click-here-to-download).

With best regards,

Udaya Bhaskar

Director General