Interest Equalisation Scheme Extended to 30th Sept 2024 with New Caps on Subvention Supporting MSMEs: DGFT

The Interest Equalisation Scheme, which provides financial support to MSMEs by subsidizing interest rates on pre- and post-shipment export credit, has been extended until September 30, 2024. The extension also introduces new caps on the amount of subvention available. This scheme is part of the government’s broader strategy to support small businesses and boost exports, especially in the wake of global economic challenges. By reducing borrowing costs, MSMEs can improve their competitiveness in international markets.