Interest subvention scheme under consideration: Govt

A proposal to provide loans at concessional rates to exporters of various sectors is under consideration of the government, Parliament was informed today.
"The interest subvention scheme was available up to March 31, 2014. A proposal for the interest subvention scheme to various sectors is under consideration of the government," Commerce and Industry Minister Nirmala Sitharaman said in a written reply to Lok Sabha.
Under the scheme, exporters get loans at affordable rates.
Loans at subsidised rates will help exporters boost shipments as the country's exports were in the negative zone during the past seven months.
For the seventh month in a row, India's exports fell 15.82 per cent in June to USD 22.28 billion.

Replying to a separate question, she said at present there is no proposal to introduce a national trade policy for retail sector.