Question
Consider the following statements about Interest
Equalisation Scheme:Â 1. It provides pre- and post-shipment export credit to exporters in rupees. 2. Union Cabinet recently approved an additional allocation of Rs 2500 crore for the continuation of the Interest Equalisation Scheme until June 30, 2024. 3. It is implemented by the EXIM Bank through various Public and non-Public Sector banks. Which of the statements given above is/are correct?Solution
The Union Cabinet has recently sanctioned an additional allocation of Rs 2500 crore to extend the Interest Equalisation Scheme until June 30, 2024. Launched on April 1, 2015, the scheme facilitates pre- and post-shipment export credit to exporters in rupees. Initially slated for a 5-year period ending on March 31, 2020, the scheme has seen continuous extensions, including a one-year prolongation amid the COVID-19 pandemic, along with subsequent extensions and fund allocations. The implementation of the scheme falls under the purview of the Reserve Bank of India (RBI), administered through various Public and non-Public Sector banks providing pre- and post-shipment credit to exporters. Oversight of the scheme is a collaborative effort between the Directorate General of Foreign Trade (DGFT) and the RBI through a consultative mechanism.
When is National Handloom Day celebrated annually?
When is Martyrs Day observed?
How much loan did Fusion Micro Finance obtain from the United States International Development Finance Corporation (DFC)?
How many Advance Pricing Agreements (APAs) did the Central Board of Direct Taxes (CBDT) sign in FY 2023-24?
With which parliamentary committee is the Comptroller and Auditor General (CAG) closely associated?
‘Madan Lal Regar’ has been appointed as the Ambassador of India to which country?
The deposits made under the ‘Mahila Samman Savings Certificate 2023’ shall bear interest at the rate of _________________.
The Equator passes through North Maluku, it is a province of __________________
 With reference to ‘Biodiversity Heritage Sites (BHS)’,consider the following statements:
1.Under Section-37 of the Biological Diversity Act...
Which Indian Union Ministry organized the "Lok Samvardhan Parv"?