Interest subsidy scheme News

Government has disbursed Rs 1,433 crore up to March under the interest subsidy scheme to exporters, the Commerce Ministry Tuesday said.

Government's decision to extend the interest subsidy scheme for five years will help in controlling dip in exports and increasing competitiveness of domestic products in the global market.  

The government has assured that it will soon announce incentives, including extension of interest subsidy scheme, to boost exports, which are in negative zone since December last year, exporters said Wednesday.  

In a move to make finance cheaper for weaker sections of the society, the government will soon be massively expanding the eligibility cap for the 5 percent interest subvention scheme to Rs 5 lakh from the current Rs 1 lakh, a top official said on Wednesday.