Interest subvention
This query is : Resolved
CA Praveen Chopra
(Querist)
28 February 2008
what is interest subvention & what is the current rate for it.
S.Srinivasaraghavan
(Expert)
29 February 2008
Providing export credit at lower rates to exporters. Under the interest subvention scheme, where the Government steps in by picking up a part of the interest burden, relief is being provided through commercial banks to ease the woes of the exporters on account of unanticipated and steep rupee appreciation against the US dollar this fiscal.
29 February 2008
IT IS INTEREST BURDEN RELIEF GIVEN TO EXPORTERS SO AS TO REDUCE THE HEAVY IMPACT OF RUPEE APPRECIATION
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