New Delhi, March 20 The government on Friday amended guidelines for interest subvention support for pre- and post-shipment export credit under the Rs 25,060 crore export promotion mission.
According to the changes, interest subvention will not be applicable from the date on which the loan account is classified as a non-performing asset (NPA), and no subvention benefit will be extended from such date.
In a trade notice, the Directorate General of Foreign Trade said that the interest subvention scheme will only apply to export credit disbursed on or after January 2.