NEW DELHI: The government has announced an interest subvention scheme for pre- and post-shipment export credit under the Export Promotion Mission (EPM), titled Niryat Prothsahan, the Reserve Bank of India (RBI) said in a recent notification.

Under the instructions, lending institutions are required to extend interest subvention on export credit in line with the scheme provisions and in compliance with regulatory instructions issued by the RBI.

“In terms of the above instructions, eligible lending institutions shall extend the benefit of interest subvention to eligible exporters strictly in . . .