Overview
- The interest subvention sets a base 2.75% support on pre- and post-shipment rupee export credit for eligible MSMEs, floating with repo-linked benchmarks and reviewed every March and September.
- Benefits apply to a DGFT positive list covering about 75% of tariff lines, with an annual cap of ₹50 lakh per firm and a planned extra incentive for new or emerging markets to be notified.
- A CGTMSE-backed collateral facility offers up to 85% guarantee cover for micro and small exporters and 65% for medium firms, with guaranteed exposure capped at ₹10 crore per exporter per year.
- Funding includes ₹5,181 crore for interest support and ₹2,114 crore for collateral guarantees through FY31, with about ₹850 crore earmarked to settle claims under the lapsed 3% scheme and roughly ₹300 crore estimated for the current year.
- The measures constitute the second component of the ₹25,060-crore Export Promotion Mission after last week’s market access rollout, and industry groups expect easier finance even as impact depends on final guidelines and bank pass-through.