Question

    The Union Cabinet  has approved an additional

    allocation of Rs 2500 Cr for continuation of Interest Equalisation Scheme till 30th June 2024.What is the current outlay of the scheme ?
    A Rs.6521 crore Correct Answer Incorrect Answer
    B Rs.7459 crore Correct Answer Incorrect Answer
    C Rs.8256 crore Correct Answer Incorrect Answer
    D Rs.9538 crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has approved an additional allocation of Rs 2500 Cr for continuation of Interest Equalisation Scheme till 30th June 2024. This would help exporters from identified sectors and all MSME manufacturer exporters to avail pre and post shipment Rupee export credit at competitive rates.The additional outlay of Rs 2500 Crore, over and above the current outlay of Rs 9538 Cr under the Scheme, is made available to bridge the funding gap to continue the Scheme upto 30.06.2024. The estimated annual expenditure under the Scheme is approximately Rs 2500 Crore.

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