The Directorate General of Foreign Trade (DGFT) has announced a transition in the implementing agency for interest subvention support on export credit. The responsibility is shifting from the Reserve Bank of India (RBI) to the Export-Import Bank of India (EXIM Bank). This change is part of the Export Promotion Mission under the Niryat Prothsahan scheme.
This transition affects how exporters access interest subvention for pre- and post-shipment export credit. Exporters relying on this support must now coordinate with EXIM Bank instead of RBI. The procedural adjustments could impact the timing and documentation required for accessing these financial benefits.
1) Open the official notice here
2) Check whether your CTH, documents or policy line is touched
3) Ask Neo's CHA before changing Bill of Entry or Shipping Bill practice