News:

• The Ministry of Commerce and Industry has extended the Interest Equalisation Scheme for pre- and post-shipment rupee export credit for Micro, Small and Medium-scale (MSME) exporters till August 31.
• Through the scheme, banks provide loans to exporters at reduced interest rates, and the lenders are thereafter compensated by the government. 
• The scheme was launched nearly a decade ago to reduce stress among exporters, particularly in labour-intensive industries and MSMEs.