Govt amends norms for exporters availing the interest subvention support

Improved financial discipline and reduced NPA risks in export credit are positive for the banking sector's asset quality and profitability.

• •New rules for export credit interest subvention are in effect from January 2.
• •Exporters will not receive benefits if their loan becomes a Non-Performing Asset (NPA).
• •Early loan repayment will only receive subvention for the actual outstanding period.
• •Digital processes are introduced for smoother claims.
• •Changes aim to streamline benefits for trade and banks.