Government approves USD 86.3 million subsidy sops to merchant exporters
Government has decided to provide 3% interest subsidy to merchant exporters, entailing an expenditure of USD 86.3 million to enhance liquidity with a view to boosting outbound shipments. Government had launched the interest subsidy scheme in April 2015 for five years for all manufacturing exporters. But merchant exporters were not covered under the scheme.
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