RBI has issued a notification RBI/2025-26/195 DOR.STR.REC.393/04.02.001/2025-26 on January 19, 2026, regarding Interest Subvention for Pre- and Post- Shipment Export Credit under Export Promotion Mission (EPM) – Niryat Prothsahan. This is applicable to All Scheduled Commercial Banks (excluding Regional Rural Banks), Primary (Urban) Co-operative Banks, State Co-operative Banks and All-India Financial Institutions. The Government of India has announced a Scheme under the EPM on a pilot basis. Operational instructions are notified by the Directorate General of Foreign Trade vide Trade Notice No. 20/2025-26 dated January 2, 2026, read with Trade Notice No. 22/2025-26 dated January 16, 2026. Eligible lending institutions shall extend the benefit of interest subvention to eligible exporters strictly in accordance with the Scheme, and subject to compliance with the extant regulatory instructions issued by the Reserve Bank. Eligible lending institutions shall ensure that interest subvention is extended only in respect of eligible export credit, and that claims are submitted in accordance with the operational instructions and procedures as may be prescribed from time to time. Contact person is Vaibhav Chaturvedi, Chief General Manager.
Key Entities Referenced
Interest Subvention for Pre- and Post- Shipment Export Credit under Export Promotion Mission (EPM) – Niryat Prothsahan: Scheme announced under the EPM (Export Promotion Mission) to provide interest subvention on export credit.
Trade Notice No. 20/2025-26: Trade Notice issued by the Directorate General of Foreign Trade (DGFT) regarding operational instructions for the Interest Subvention scheme.
Trade Notice No. 22/2025-26: Trade Notice issued by the Directorate General of Foreign Trade (DGFT) regarding operational instructions for the Interest Subvention scheme.
Directorate General of Foreign Trade: Agency responsible for issuing trade notices related to the Interest Subvention scheme.
Reserve Bank of India: Regulator issuing instructions related to interest subvention and responsible for compliance.
RBI/2025-26/195
DOR.STR.REC.393/04.02.001/2025-26 January 19, 2026
All Scheduled Commercial Banks (excluding Regional Rural Banks);
Primary (Urban) Co-operative Banks;
State Co-operative Banks;
All-India Financial Institutions
Madam / Dear Sir,
Interest Subvention for Pre- and Post- Shipment Export Credit under Export
Promotion Mission (EPM) – Niryat Prothsahan
The Government of India has announced the captioned Scheme under the EPM on a
pilot basis. The operational instructions for implementation of the Scheme, as notified
by the Directorate General of Foreign Trade vide Trade Notice No. 20/2025-26 dated
January 2, 2026, read with Trade Notice No. 22/2025-26 dated January 16, 2026, are
enclosed.
2. In terms of the above instructions, eligible lending institutions shall extend the
benefit of interest subvention to eligible exporters strictly in accordance with the
provisions of the Scheme, and subject to compliance with the extant regulatory
instructions issued by the Reserve Bank.
3. The eligible lending institutions shall ensure that interest subvention is extended
only in respect of eligible export credit, and that claims are submitted in accordance
with the operational instructions and procedures as may be prescribed from time to
time.
Yours faithfully,
(Vaibhav Chaturvedi)
Chief General Manager