New Delhi, Jan. 3 -- The central government has launched two schemes under Export Promotion Mission (EPM) to strengthen MSME exports and improve access to trade finance.

Seeking to reduce the cost of export credit and easing working-capital constraints faced by MSME exporters, the government will provide interest subvention on pre- and post-shipment rupee export credit extended by eligible lending institutions.

"A base interest subvention of 2.75 per cent has been provided, with a provision for additional incentive for exports to notified under-represented or emerging markets, subject to operational readiness," an official statement from Ministry of Commerce and Industry said.

Interest Subvention to Cover 75% of Tariff Lines

The inter...