Interest subvention benefits for small iron & steel companies

New Delhi: To support micro and small enterprises impacted by the global uncertainties, the government Tuesday extended interest subvention benefits to such firms which export 167 specific iron and steel product categories. The products include non-alloy pig iron, steel, Ferro alloys and iron or non-alloy steel, among others.

In January, the government announced a ₹7,295-crore export support package, comprising a ₹5,181-crore interest subvention scheme along with a ₹2,114-crore collateral support, to improve exporters' access to credit.

However, the medium sector units are not eligible for this measure, the DGFT said in a trade notice.


New Delhi: To support micro and small enterprises impacted by the global uncertainties, the government Tuesday extended interest subvention benefits to such firms which export 167 specific iron and steel product categories. The products include non-alloy pig iron, steel, Ferro alloys and iron or non-alloy steel, among others.

In January, the government announced a ₹7,295-crore export support package, comprising a ₹5,181-crore interest subvention scheme along with a ₹2,114-crore collateral support, to improve exporters' access to credit.

However, the medium sector units are not eligible for this measure, the DGFT said in a trade notice.