INTIEAIndia · Interest Equalization SchemePolicyIn force

Interest Equalization Scheme

The Interest Equalization Scheme (IES), implemented from 2015 and until at least June 30, 2024, provides a rebate on the interest for the shipment of exports in the form of pre- and post-shipment export credits. Sectors that benefit from this scheme are mostly labour-intensive…

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Country / jurisdiction: India · Year: 2015 · Status: In force · Level: National · Type: Voluntary

The Interest Equalization Scheme (IES), implemented from 2015 and until at least June 30, 2024, provides a rebate on the interest for the shipment of exports in the form of pre- and post-shipment export credits. Sectors that benefit from this scheme are mostly labour-intensive sectors such as textiles, agriculture, auto manufacturing, among many others.

Products funded by the Production Linked Scheme are not eligible for IES, however the following energy sector products are:

Articles of Iron or Steel;

Industrial Machinery, Electrical and Engineering items, internal combustion engine, machine tools;

All items manufactured by SME other than those covered above.

Official source: https://pib.gov.in/newsite/PrintRelease.aspx?relid=131591

Source

https://www.iea.org/policies/19212

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