Cheaper rupee credit before and after you ship

Under the Export Promotion Mission (Niryat Protsahan) the government meets 2.75 per cent a year of the interest on rupee export credit, before and after shipment. It took the place of the Interest Equalisation Scheme, and it is a pilot: EXIM Bank has run it since 1 April 2026, in place of the Reserve Bank.

Micro, small and medium exporters, manufacturers and merchants, for goods on the notified list

• 2.75 per cent a year on pre-shipment and post-shipment rupee export credit
• A limit of ₹50 lakh for each Import-Export Code applies across banks (DGFT trade notice of 20 March 2026)
• It applies to goods on a notified list of tariff lines; micro and small exporters have an extra list, which took in Chapter 72 on 20 April 2026

• Import-Export Code (IEC)
• Export credit from a lending bank
• Goods on the notified list
• A unique number from the DGFT portal within 15 days of each disbursal, or the benefit is lost for it

File your intent on the DGFT portal and get a unique number for each loan; your bank then claims the benefit.

• Similar schemeCollateral support for export credit (Export Promotion Mission)
• Similar schemeCGTMSE credit guarantee
• Similar schemeTReDS invoice discounting
• ProblemGovernment schemes are hard to understand