RBI
The RBI has issued a circular that extends the Interest Equalization Scheme (IES) for pre- and post-shipment rupee export credit until December 31, 2024. A key modification is MSME manufacturer exporters can only receive benefits up to a maximum of ₹50 lakhs for the financial year 2024-25. Those who have already availed of ₹50 lakhs or more by September 30, 2024, will not be eligible for further benefits in the extended period. Other terms and conditions of the original scheme remain unchanged. This move aligns with the Trade Notice No.18/2024-2025 issued by the Government of India.
[Circular No. RBI/2024-25/80 dated 09.10.2024]
