**Summary:**
The Reserve Bank of India (RBI) issued circular RBI20212265 DOR.CREDIR.REC.2804.02.001202122 on July 1, 2021, announcing the extension of the Interest Equalization Scheme for Pre and Post Shipment Rupee Export Credit. This extension, approved by the Government of India, is for a further period of three months, effective from July 1, 2021, and valid until September 30, 2021. The scheme's scope and coverage remain unchanged during this period. The circular applies to all Scheduled Commercial Banks excluding Regional Rural Banks (RRBs), Small Finance Banks, Primary Urban Cooperative Banks, and EXIM Bank. Extant operational instructions issued by the RBI under this scheme will remain in force until September 30, 2021. For further information, contact Manoranjan Mishra, Chief General Manager, Department of Regulation, Central Office, at Tel No: 22661602, 22601000 or Fax No: 0222270 5670, 2260 5671, 5691 2270, 2260 5692. The Central Office is located at 12th 13th Floor, Central Office Building, Shahid Bhagat Singh Marg, Mumbai 400001.
Key Entities Referenced
Interest Equalization Scheme: A Government of India scheme for Pre and Post Shipment Rupee Export Credit.
Pre and Post Shipment Rupee Export Credit: Type of export credit covered by the Interest Equalization Scheme.
Reserve Bank of India: The central bank of India, which issued the circular.
Scheduled Commercial Banks: Banks eligible under the scheme, excluding RRBs, Small Finance Banks, Primary Urban Cooperative Banks and EXIM Bank.
Regional Rural Banks (RRBs): Banks excluded from the scheme.
Small Finance Banks: Banks excluded from the scheme.
EXIM Bank: Export-Import Bank of India, excluded from the scheme.
Mumbai, Maharashtra: Location of the Central Office of the Reserve Bank of India
RBI/2021-22/65
DOR.CRE(DIR).REC.28/04.02.001/2021-22 July 1, 2021
All Scheduled Commercial Banks (excluding RRBs),
Small Finance Banks, Primary (Urban) Cooperative Banks
and EXIM Bank
Dear Sir / Madam,
Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit -
Extension
Please refer to the instructions issued vide circular DOR.CRE.REC.06/04.02.001/2021-22
dated April 12, 2021.
2. Government of India has approved the extension of Interest Equalization Scheme for Pre
and Post Shipment Rupee Export Credit, with the same scope and coverage, for a further
period of three months, i.e., up to September 30, 2021. The extension takes effect from July
01, 2021 and ends on September 30, 2021 covering a period of three months.
3. Consequently, the extant operational instructions issued by the Reserve Bank under the
captioned Scheme shall continue to remain in force up to September 30, 2021.
Yours faithfully
(Manoranjan Mishra)
Chief General Manager
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िविनयमन िवभाग, क��ीय कायार्लय, 12व� और 13व� मंिज़ल, क��ीय कायार्लय भवन, शहीद भगत �सह मागर्, मुंबई 400001
टेलीफोन /Tel No: 22661602, 22601000 फैक्स/ Fax No: 022-2270 5670, 2260 5671, 5691 2270, 2260 5692
Department of Regulation, Central Office, 12th & 13th Floor, Central Office Building, Shahid Bhagat Singh Marg, Mumbai - 400001
Tel No: 22661602, 22601000 Fax No: 022-2270 5670, 2260 5671, 5691 2270, 2260 5692
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