Enhancement of interest subvention on rupee export credit from 2% to 3%
September 12, 2013.
Members of the Council
Sub : Enhancement of interest subvention on rupee export credit from 2% to 3%
This is in continuation to our earlier circular dated Aug.29, 2013 informing about the enhancement of Interest Subvention Scheme on rupee export credit from 2% 3%. The Reserve Bank of India has now issued a circularNo.RBI/2013-14/207 dated Aug.30, 2013 (copy enclosed) stating that the Interest Subvention enhancement from 2% to 3% will also apply for Urban Co-operative Banks (UCBs) for the period August 1, 2013 to March 31, 2014. Members may kindly note the above.
Thanks & regards,
R.Ramesh Kumar, IAS
COUNCIL FOR LEATHER EXPORTS