DGFT has issued operational clarifications for the Interest Subvention Scheme under the Export Promotion Mission, making it easier for banks and exporters to process export credit claims.
Why it matters:
- Supports exporting MSMEs through lower financing costs.
- Clear timelines for UIN generation and claim filing.
- Simplifies claim processing and reduces implementation issues.
Bottom Line: Exporting MSMEs using bank export credit should ensure timely UIN compliance to continue availing interest subsidy benefits.
