Question

Which statement correctly describes the scope/benefit of India’s Interest Equalisation Scheme as used in recent years?

A It subsidizes interest rates for real-estate loans for foreign buyers
B It provides interest equalisation on rupee export credit (pre- and post-shipment) for eligible exporters (with differentiated rates for MSME manufacturers and certain tariff lines)
C It gives direct grants to all consumers buying EVs
D It is only for internal municipal bond issuance
E It is a guaranteed minimum deposit rate for senior citizens
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