Question

    The Department of Commerce recently extended the

    Interest Equalisation Scheme for pre- and post-shipment rupee export credit for MSME exporters until August 31. Which organization implements this scheme?
    A Small Industries Development Bank of India (SIDBI) Correct Answer Incorrect Answer
    B Reserve Bank of India (RBI) Correct Answer Incorrect Answer
    C National Small Industries Corporation (NSIC) Correct Answer Incorrect Answer
    D NITI Aayog Correct Answer Incorrect Answer
    E Export-Import Bank of India (EXIM Bank) Correct Answer Incorrect Answer

    Solution

    The RBI administers the Interest Equalisation Scheme to make Indian exports more competitive by providing interest subsidies on export credit.

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