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PRE SHIPMENT CREDIT
India unveils Port Performance Index, maritime digital reforms to boost global competitivenessSarbananda Sonowal said, “We have introduced the Logistics Port Performance Index (LPPI) for FY 2024-25. It is a major step towards improvi...- Drip Capital partners with YES BANK to boost trade finance access for MSMEsThis collaboration combines Drip Capital's digital platform with YES BANK's banking infrastructure to address the credit gap, offering fast...
- FM asks lenders to go beyond standard loans, design credit repayments around biz cyclesFinance Minister Nirmala Sitharaman has called on banks to move beyond standard loan products. She emphasized the need for repayment struct...
- Exporters seek removal of cap on interest subventionIndian exporters are calling on the government to lift the cap on interest subvention. They state current support is insufficient to counte...
- Tiruppur garment orders drop 15% as US, Europe demand weakens amid Iran WarTiruppur's apparel exports faced a 15% drop in March from the US and Europe. Buyers there held existing stock amid inflation concerns. Dema...
- RBI extends export credit window to June 30 amid West Asia disruptionsThe Reserve Bank of India has extended export credit deadlines. Exporters can now get pre- and post-shipment finance for up to 450 days on ...
- Govt amends norms for exporters availing the interest subvention supportNew rules for export credit interest subvention are now in effect from January 2. Exporters will not receive benefits if their loan becomes...
- Government amends guidelines for interest subvention support for export creditAs per the changes, interest subvention shall not be admissible from the date on which the loan account is classified as a non-performing a...
- Biz chamber seeks RBI relief for exporters hit by West Asia disruptionsIndian exporters are facing significant challenges due to global shipping route disruptions. The Bharat Chamber of Commerce has requested t...
- Govt may give 2.5-3 pc subsidy benefits under Interest Equalisation Scheme for exportersThe government is set to offer exporters in specific sectors a 2.5-3% subsidy on pre- and post-shipment credit through the Interest Equalis...
- FIEO seek RBI intervention; exporters facing challenges from high tariffs, input cost inflationFIEO urged the RBI to address challenges faced by exporters, including rising tariffs and demand volatility. They requested flexible credit...
- Budget 2025: Commerce Min may seek 5-year extension of interest equalisation scheme for exportersUnion Budget 2025: The commerce ministry plans to request an extension of the interest equalisation scheme for rupee export credit in the u...
- Govt extends export credit scheme by a month to Sept 30The government has extended the interest equalisation scheme on pre- and post-shipment rupee export credit for MSME manufacturing exporters...
- Commerce ministry suggests banks to provide export credit in foreign currency to e-commerce exportersThis assumes significance as the new Foreign Trade Policy 2023 is also aimed at promoting exports through the e-commerce medium.
- Interest subsidy scheme for exporters extended till March 2024: RBIIn April last year, the scheme was first extended till June end and later till September 2021. The interest equalisation rates under the sc...
- RBI extends interest subsidy scheme for exporters till September"Government of India has approved the extension of Interest Equalization Scheme for Pre and Post Shipment Rupee Export Credit, with the sam...
- Questions abound over the many facets of Rs 11,300 crore fraudChecks were not done by the banks and other lenders, raising doubts on the number of people who may have helped Modi to keep this scam goin...
- Scheme of cheap credit for exporters extendedRupee-hit exporters will continue to get bank credit at concessional rates for pre-shipment and post-shipment till October 31, 2008.
- Govt lines up sops for exportersThe government announced some more relief measures for exporters, including refund of service tax on three additional services.
- RBI extends Re export credit rates for six monthsExporters will continue to get rupee credit up to benchmark prime lending rate minus 2.5 per cent per annum for another six month till Octo...
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