India'S Clothing Exporters Are Not Satisfied With Interest Rate Subsidies.

India's clothing exporters have recently announced the government's latest announcement of the rupees of handloom machines, handicrafts, carpets and small and medium-sized enterprises. Credit interest rate The announcement of the Subsidy Plan extended to March 31, 2012 was disappointing.

Garment exporters lament that the plan excludes clothing and knitting departments. Spin Only 40% of the industry. benefit 。

According to the rupee export credit interest rate subsidy scheme implemented by the Reserve Bank of India, the India government stipulates that commercial banks offer 2 percentage point interest subsidy to all specific exporters of Rupee export credit annually.

According to the forecast of the Reserve Bank of India, the total interest rate subsidy reached 38 billion 920 million rupees by March 2011, and only 16 billion 540 million rupees had been allocated by the Reserve Bank of India.

Among the remaining 22 billion 380 million rupees, the government of India approved 9 billion 960 million rupees in the business sector. The remaining 12 billion 500 million rupees, approved by the central government of India last month, extended the rupee credit interest rate subsidy scheme from April 1, 2011 to March 31, 2012.