Amendments under Interest Equalisation Scheme — Trade Notice No.17/2024-2025
Attention of Trade and Industry is drawn towards the extension of Interest Equalisation Scheme (IES) up to 30.09.2024, as notified by DOFT vide Trade Notice no. 16/2024-25 dated 31.08.2024.
2. The below mentioned amendment is made with immediate effect for rationalisation of the scheme.
- The annual net subvention amount is capped at Rs 10 Cr per IEC for a given financial year, accordingly a cap of Rs. S Cr per IEC for MSME Manufacturers is imposed till 30.09.2024 for the financial year starting from 01.04.2024.
- It is further clarified that for Manufacturer Exporters and Merchant Exporters the cap is Rs. 2.5 Cr till 30.06.2024.
3. This issues with the approval of Competent Authority.
Trade Notice No.17/2024-2025
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