- The Economic Times
Interest Equalisation Scheme: How to apply for loans from banks at concessional rates
The Interest Equalisation Scheme (IES) has come as a boon for exporters, especially the MSMEs, since the Commerce Ministry launched it in 2015.
Through this scheme, exporters get access to reduced cost of capital. This makes it a popular scheme among the country’s exporting community.
Industry reports say the scheme has provided some breathing space to a large number of SME exporters who saw their working capital shrink considerably in the wake of the pandemic.