India has extended the IES for pre- and post-shipment rupee export credit for MSMEs until August 2024.
Initially set to end on June 30, the scheme's ₹750 crore (~$89.9 million), outlay remains unchanged.
Exporters urged the government to increase subvention rates to 5 per cent due to rising repo rates and address the monopoly of foreign shipping companies.

| Indian govt extends Interest Equalization scheme for 2 months