RUPEE EXPORT CREDIT INTEREST RATES
The Government of India has decided to extend Interest Subvention of 2 percentage points w.e.f. June 01, 2009 till September 30, 2009 on pre and post shipment rupee export credit extended by scheduled Urban Cooperative Bank (UCBs) holding AD category licenses, for certain employment oriented export sectors as under:
- Textiles (including Hand loom)
- Handicrafts
- Carpets
- Leather
- Gems and Jewellery
- Marine Products, and
- Small & Medium Enterprises (as defined in the Annex)
The claims should be accompanied by an Auditor's Certificate certifying the claims for subvention of
Rs.......for the period June 01, 2009 to September 30, 2009, as true and correct. Settlement of the claim will be done only on receipt of this certificate.
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