The Directorate General of Foreign Trade (DGFT) on March 19, 2026, issued the amendments to Guidelines for Interest Subvention Support for Pre- and Post-Shipment Export Credit under Export Promotion Mission – Niryat Protsahan.
The following has been stated:
• It has issued amendments to the Interest Subvention Scheme under the Export Promotion Mission (EPM) to provide operational clarity. Export credit will be eligible for subvention as per RBI guidelines, but benefits will stop once the loan becomes an NPA.
• Exporters using multiple banks shall ensure the total benefit does not exceed the ₹50 lakh limit per IEC, with banks obtaining undertakings. A Unique Identification Number (UIN) is mandatory before loan disbursement, is non-transferable between banks, and determines eligibility and applicable subvention rate.
• The scheme applies only to export credit disbursed on or after January 02, 2026, and no retrospective benefits are allowed. Additional provisions clarify claim submission by banks, treatment of early loan repayment (benefit only for the actual period), eligibility of new tariff lines, and handling of top-up loans.
• Overall, the changes strengthen compliance, streamline processes, and ensure proper monitoring of interest subvention benefits.
[Trade Notice No. 33/2025-26]
