The Directorate General of Foreign Trade (DGFT) on March 20, 2026, issued the notification regarding 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 namely: -
• The amendments relate to Interest Subvention Support for Export Credit under the Export Promotion Mission (EPM), aligned with Reserve Bank of India credit guidelines.
• Export credit is eligible for subvention as per RBI’s prevailing directions, including loan structure and tenure.
• No interest subvention is allowed once a loan becomes an NPA, and benefits stop from that date.
• If exporters take loans from multiple banks, they must ensure total subvention does not exceed ₹50 lakh per IEC, with an undertaking to banks.
• A Unique Identification Number (UIN) is mandatory for each loan, a new UIN is required if the lending bank changes, and UIN portability is not allowed.
• UIN must be generated before loan disbursement, otherwise no subvention benefit will be granted.
• Interest subvention applies only to export credit disbursed on or after January 02, 2026, and at the rate prevailing on the disbursement date.
• No retrospective benefits are allowed; eligibility depends on inclusion in the notified Positive List of tariff lines (HS codes).
• Banks must register on the portal and submit claims online, including borrower UIN details and loan information.
• Subvention is applicable only for the actual loan period, and in case of renewal/top-up, only the additional disbursed amount qualifies as fresh eligible credit.
[Notification No. 33/2025-26]
