Benefit Amount
Interest subsidy at fixed rates (currently 3% on pre-shipment and post-shipment credit for specified sectors)Subsidy
✓ Government Verified✓ Direct Bank Transfer
ℹAbout Interest Equalisation Scheme for Exporters
The Interest Equalisation Scheme for Exporters is a central government initiative designed to reduce the cost of export credit for Indian exporters. Under this scheme, the government provides interest subsidy on pre and post-shipment export credit extended by banks to eligible exporters. The scheme aims to enhance the competitiveness of Indian exports in global markets by making export financing more affordable. Exporters of manufactured goods and certain other eligible products can benefit from reduced interest rates on their working capital loans taken for export purposes. The interest equalisation is provided at a fixed rate, making export financing more predictable and cost-effective for businesses engaged in international trade.
Ministry
Ministry of Commerce & Industry
✓Who Is Eligible?
The Interest Equalisation Scheme for Exporters is open to all registered exporters across India who meet specific criteria. You must be engaged in merchandise exports of manufactured goods or other eligible products as defined by the government. To apply, you need a valid Importer-Exporter Code (IEC) issued by the Ministry of Commerce and Industry and active GST registration under the Goods and Services Tax regime. Your business must be formally registered with the appropriate government authorities. There are no specific age, gender, caste, or category-based restrictions mentioned for this scheme, making it available to exporters from all backgrounds. The scheme applies across all of India with no geographic restrictions. You should have a bank account linked to your export business where the interest subsidy will be credited. Your bank should be recognized by the Reserve Bank of India and participate in the scheme. Past export invoices and banking relationships demonstrating your export activities will strengthen your application. Small, medium, and large exporters are all eligible provided they meet the registration and documentation requirements. Check the official Ministry of Commerce and Industry website for any sector-specific restrictions or additional requirements that may apply to your particular industry.
Quick eligibility check:
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Gender: Male, Female, Other✓
Category: General, OBC, SC, ST, EWS📝How to Apply for Interest Equalisation Scheme for Exporters
To apply for the Interest Equalisation Scheme for Exporters, follow these simple steps. First, ensure you meet the basic eligibility criteria by confirming you are a registered exporter of manufactured goods with a valid IEC code and GST registration. Second, gather all required documents including your Aadhaar Card, PAN Card, Business Registration Certificate, Export License, IEC code, bank account details, GST Registration Certificate, past export invoices, and your bank's Letter of Credit details. Third, visit the official Ministry of Commerce and Industry website at https://commerce.gov.in/ to find the scheme portal and application form. Fourth, fill out the application form carefully with all your business and export details, ensuring all information matches your supporting documents. Fifth, upload all required documents in the specified format as mentioned on the portal. Sixth, submit your application and note down the application reference number for future tracking. Finally, contact your bank to complete the process, as the interest subsidy is typically coordinated through your lending bank. Keep checking the portal status regularly to monitor your application progress. For any specific questions about the process, contact the Ministry of Commerce and Industry directly through their official helpline.
Visit Official Portal →📄Documents Required9 required
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Business Registration Certificate📋
IEC (Importer-Exporter Code)📋
GST Registration Certificate📋
Bank's Letter of Credit details?Frequently Asked Questions
1Who is eligible for the Interest Equalisation Scheme?
All registered exporters with a valid IEC code and GST registration are eligible. This includes manufacturers, merchant exporters, and deemed exporters engaged in exporting manufactured goods and specified agricultural products. The exporter must be in good standing with their banks and export regulatory authorities.
2What is the amount of interest subsidy provided?
The scheme currently provides interest subsidy at 3% for pre-shipment and post-shipment export credit. The subsidy is calculated on the basis of actual credit extended by banks and is directly credited to the exporter's account through the designated bank.
3How do I apply for this scheme?
Exporters need to approach their bank for export credit and provide necessary documents including IEC, GST certificate, and export invoices. Banks process the application and forward the interest equalisation claim to the government. The scheme operates through participating banks, and exporters do not need to apply separately.
4Which sectors are covered under this scheme?
The scheme covers all merchandise exports including manufactured goods, certain agricultural products, and engineering goods. Some sectors like certain labor-intensive products have special provisions. Detailed sector-wise eligibility can be found on the Department of Commerce website.
5What documents are required for availing this benefit?
Key documents include IEC certificate, GST registration certificate, PAN card, Aadhaar ID, bank details, export invoices or bills of lading, and letter of credit from the bank. The exact documentation may vary based on the bank and export transaction type.
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