Related Keywords: approves interest equalisation scheme, boost exports, Cabinet Committee on Economic Affairs, FIEO, Indian Texpreneurs Federation, move up value chain, pre and post shipment rupee export creidt, SIMA, TEA, textile sector regain export market share, welcomed by textile units
Cabinet Committee on Economic Affairs has given approval for interest equalisation scheme (earlier called Interest Subvention Scheme) on pre and post shipment rupee export credit with effect from April 1, 2015 for five years which is welcomed by the textile units.
According to regional chairman of Federation of Indian Export Organisations, A. Sakthivel, who is also the president of Tirupur Exporters Association was of the opinion that the scheme had come at an appropriate time when the apparel exports registered negative growth in August and September on a year-to-year basis.
