The government has extended interest subvention benefits to micro and small iron and steel enterprises exporting 167 specified product categories. The move is designed to improve their access to credit amid global pressures and builds on an earlier export support package. Medium-sized units, however, will not qualify for this particular subsidy.
Indian exporters are urging the government to remove the cap on interest subvention, saying the current support is too low to withstand rising global trade uncertainty. The Federation of Indian Export Organisations wants the scheme revised to offer stronger relief, particularly for firms hit by higher borrowing costs and unstable export demand.
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