New Delhi, Feb. 3 -- The Indian exporting community has called on Finance Minister Nirmala Sitharaman to reinstate the Interest Equalisation Scheme (IES), which ended on December 31, 2024.

Despite significant measures announced in the Union Budget to support exports, exporters expressed concern over the omission of the IES, which has been crucial in providing affordable credit.

Sanjay Budhia, Chairman of the CII National Committee on EXIM, emphasised the scheme's importance, stating, "The Budget announcements are promising for exports, but we sincerely urge the Finance Minister to reinstate the scheme for all exporters to keep them globally competitive."

Under the scheme, exporters received subsidies on pre- and post-shipment rupee exp...