Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit
Interest subvention on pre and post shipment rupee export credit, reducing the effective interest rate on export credit. Under the modified scheme, MSME manufacturer exporters are eligible for a 3% interest equalisation rate.
Eligibility
- MSME manufacturer exporters (3% rate under the modified scheme)
- Exporters availing pre/post-shipment rupee export credit from eligible banks
- Must hold a valid IEC (Import Export Code)
How to apply
Availed automatically through the exporter's bank: eligible banks pass on the interest equalisation benefit upfront on pre/post-shipment rupee export credit and claim reimbursement from RBI (certified by external auditor). Exporter provides required declarations to the bank. Ministry of Commerce places funds with RBI on a revolving basis.
Required documents
- IEC (Import Export Code)
- Udyam Registration (for MSME status)
- Export credit sanction/declarations to the lending bank
Official sources
Verification notes
Verified via PIB releases; scheme operative from 01.04.2015 with subsequent extensions, administered by Ministry of Commerce via RBI. A per-MSME annual benefit cap (Rs 50 lakh) applied in a specific fiscal window per RBI notifications; because the cap is period-specific and not a stable scheme-wide figure, maxValueInINR omitted to avoid asserting a rate/amount not confirmed on an official source at time of use. [AI-gathered from official sources on 2026-07-05; needs team review]