Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
|
Country |
Base Rate (April 2024) |
|
China |
3.45% |
|
Singapore |
3.42% |
|
South Korea |
3.50% |
|
Australia |
4.35% |
|
Japan |
0.10% |
|
India |
6.50% |
Mr Kumar said that the relevance of the
Interest Equalisation Scheme is much more today as buyers are asking for longer
period of credit, with a slowdown in demand and offtake from the shelves,
whereas exporters are also looking for larger credit due to huge hike in Sea
and air freight.
The interest subvention rates may also
be enhanced from 3% to 5% for manufacturers MSMEs and from 2% to 3% for 410
tariff lines respectively as when the subvention was reduced, the repo rate was
4.4% which has gone up and currently is 6.5%. This justifies the restoration of
the interest subvention to the original level of 5% and 3% respectively so as
to provide necessary competitiveness to our exports, said President, FIEO.
