The Reserve Bank of India (RBI) has issued a notification for extending the 2% Rupee Export Credit Interest Rate Subvention Scheme till March 31, 2014 for nine different sectors, including readymade garments, handlooms, carpet and handicrafts.
The Reserve Bank of India (RBI) has issued a notification for extending the 2% Rupee Export Credit Interest Rate Subvention Scheme till March 31, 2014#
Under the scheme, commercial banks would pass on the benefit of 2% interest subvention to eligible exporters. Accordingly, banks will reduce the interest rate chargeable to the exporters as per Base Rate system by the amount of subvention available subject to a floor rate of 7%.
The Reserve Bank of India (RBI) has issued a notification for extending the 2% Rupee Export Credit Interest Rate Subvention Scheme till March 31, 2014#
The Reserve Bank of India (RBI) has issued a notification for extending the 2% Rupee Export Credit Interest Rate Subvention Scheme till March 31, 2014#
Fibre2fashion News Desk - India
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