Overview
- Regulated lenders will grant a moratorium or deferment on term-loan instalments and working‑capital interest due from September 1 to December 31, 2025, with simple interest accruing and conversion into a funded interest term loan repayable by March–September 2026.
- Under amended FEMA rules, exporters have 15 months to realise and repatriate proceeds and up to three years to ship goods after receiving advance payments.
- The maximum tenor for pre‑ and post‑shipment export credit is extended to 450 days for facilities disbursed up to March 31, 2026, and lenders may recalculate drawing power by reducing margins or reassessing limits.
- Packing credit taken on or before August 31, 2025 may be liquidated from legitimate alternate sources, including domestic sale proceeds or substituted export orders, and the measures apply to banks, NBFCs, primary co‑operative banks and all‑India financial institutions.
- Safeguards include exclusion of the relief period from days‑past‑due counts, no restructuring tag, protection of credit histories by CICs, a 5% general provision on specified standard accounts by December 31, 2025, and complementary government export‑support schemes of roughly Rs 45,000 crore.