Interest Equalization Scheme

The Interest Equalization Scheme (IES), implemented from 2015 and until at least June 30, 2024, provides a rebate on the interest for the shipment of exports in the form of pre- and post-shipment export credits. Sectors that benefit from this scheme are mostly labour-intensive sectors such as textiles, agriculture, auto manufacturing, among many others. 

Products funded by the Production Linked Scheme are not eligible for IES, however the following energy sector products are:

• Articles of Iron or Steel;
• Industrial Machinery, Electrical and Engineering items, internal combustion engine, machine tools;
• All items manufactured by SME other than those covered above.

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