NEW DELHI : The government is preparing to clear nearly ₹800 crore in pending dues owed to exporters under the Interest Equalisation Scheme (IES), as it readies to roll out a revamped version of the scheme under the newly approved Export Promotion Mission (EPM), a senior official said.

The pending claims, which pertain to arrears up to December 31, 2024, are expected to be disbursed shortly. The move is likely to bring relief to exporters—particularly micro, small and medium enterprises (MSMEs)—who have been struggling with rising global uncertainties . . .