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RBI Notification on 2% Interest Subvention
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Dr A Sakthivel, Chairman, AEPC had take up the matter of 2% Interest Subvention on pre and post shipment rupee export credit for the period 2012-13.
The Government has accepted the recommendations of Dr. A Sakthivel, Chairman, AEPC and the interest subvention of 2% on rupee export credit has been extended to Readymade Garments industry as a whole.
Reserve Bank of India vide letter baring no. DBOD. Dir.(Exp) BC No 112/04.02.001/2011-12 dated June 19, 2012 has issued the required Circular.
Member exporters are advised to take advantage of this.
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