New Delhi, April 29 -- The government is conducting a comprehensive evaluation of the long-standing Interest Equalisation Scheme for exporters, scrutinising its efficacy in boosting exports, especially fr0m the Micro, Small and Medium Enterprise (MSME) sector.
As the current scheme nears its expiration on June 30, 2024, sources reveal that authorities are seeking clarity on its beneficiaries and impact to determine whether an extension or revisions are warranted, reported BL.
Initiated in April 2015 for a five-year term, the scheme enables exporters of 410 identified products and all MSME exporters to obtain bank credit at subsidised interest rates determined by the government.
Banks are subsequently reimbursed by the exchequer for th...