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RBI extends interest subvention scheme to textile sector
11
Aug '10
The Reserve Bank of India (RBI) has extended the interest subsidy scheme of two percent on rupee export credit to other new additional sectors.

These additional sectors include; leather and leather manufacturers, jute manufacturing, engineering goods and textiles.

Earlier the scheme had been announced for sectors like handicrafts, carpets, handlooms and small and medium enterprises (SMEs).

The interest subvention scheme will be available from April 1, 2010 to March 31, 2011.

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Fibre2fashion News Desk - India

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