Interest Equalization Scheme
The Interest Equalisation Scheme (IES) is a transformative initiative by the Indian government aimed at promoting export competitiveness and providing financial support to exporters. Under this scheme, eligible exporters receive interest equalisation benefits on pre and post-shipment export credit, reducing the cost of credit and enhancing the competitiveness of Indian exports in the global market.
Why Choose the Interest Equalisation ?
Cost Reduction: The IES offers exporters significant cost savings by providing interest equalisation benefits on export credit, thereby reducing the cost of borrowing and making Indian exports more competitive in international markets.
Enhanced Competitiveness: By reducing the cost of credit, the IES enhances the competitiveness of Indian exporters, enabling them to offer competitive pricing, improve market penetration, and increase their share in global trade.
Promoting Export Growth The IES incentivizes exporters to explore new markets, diversify product offerings, and increase export volumes by providing financial support and reducing the financial burden associated with export credit, thereby fostering export-led growth and economic development.