RBI continues interest subvention for another six months

By Vijay Kumar

RBI has decided to extend interest subvention of 2% on export credit for a further period of six months i.e. from April 1, 2009 till September 30, 2009 to the same sectors and on the same terms and conditions as given earlier for the period from December 01, 2008 up to March 31, 2009.

RBI DBOD .Dir.(Exp). BC.No.116 /04.02.01/2008-09 dated March 25, 2009