DGFT extends Interest Equalisation Scheme for Pre and Post shipment Rupee Export Credit for 3 months

The DGFT has announced an extension of the Interest Equalisation Scheme for pre- and post-shipment rupee export credit by three months beyond the original deadline of September 30, 2024. This scheme aims to reduce interest rates for exporters, thus enhancing their competitiveness in the global market. The extension reflects the government's ongoing commitment to support the export sector, particularly in light of economic challenges, and to ensure that exporters have access to affordable credit during critical business phases.