GoI soon to announce interest subsidy scheme for exporters
Source: PTI Concerned over a continuous decline in exports, the government today said it will soon announce an interest subsidy scheme for exporters. “The interest subvention scheme is to be announced soon, which will give encouragement to sectors that have high potential,” Commerce and Industry Minister Nirmala Sitharaman said at a function in New Delhi. She said that exports are largely suffering because international demand is not picking up and currencies, particularly euro, are depreciating. “So, the triggers for improving the export performance are not really happening,” she said, adding that the ministry is discussing the matter with industry groups to find ways to push exports and explore new markets. Under the interest subvention scheme, exporters get loans at affordable rates. Loans ...
Flexible Structuring of Existing Long Term Project Loans to Infrastructure and Core Industries
Dated December 15, 2014 | RBI/2014-15/354 | DBR.No.BP.BC.53/21.04.132/2014-15 Please refer to our circular DBOD.No.BP.BC.24/21.04.132/2014-15 dated July 15,2014 on Flexible Structuring of Long Term Project Loans to Infrastructure and Core Industries. 2. In terms of paragraph 9 of the said circular, flexible structuring of project loans with the option of periodic refinancing will be available only to new loans to infrastructure projects and core industries projects sanctioned after the date of the circular. 3. In this connection, banks have represented that such flexible structuring of project loans with the option of periodic refinancing may also be allowed to existing loans to infrastructure projects and core industries projects, as it would ensure long term viability of existing infrastructure/core industries sector projects by ...
