INTEREST RATES ON RUPEE EXPORT CREDIT
Banks may reduce the interest rate chargeable to the exporters as per Base Rate system in the following sectors eligible for export credit subvention by the amount of subvention available under the scheme subject to a floor rate of 7%:
- Handicrafts
- Carpets
- Handlooms
- Small & Medium Enterprises (SME)
In respect of other categories of exporters, the provisions of the circular DBOD. Dir. (Exp).BC.No.102 /04.02.001/2009-10 dated May 6, 2010 would continue to apply.
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