India extends interest payment support scheme - RBI
MUMBAI (Reuters) - The Indian government has extended a 2 percent interest payment subsidy on rupee export credits to March 31, 2014 for certain employment-oriented sectors, the RBI said in a statement on Monday.
The scheme was supposed to end on March 31 this year.
Sectors including handicrafts, carpet manufacturing and handlooms will be able to benefit, the Reserve Bank of India said in a statement. (Reporting by Shamik Paul; Editing by John Stonestreet)
- Tweet this
- Share this
- Digg this
Trending On Reuters
Religion and Politics
The head of India's most powerful Hindu group vowed to press ahead with a campaign to convert Muslims and Christians to Hinduism, stoking a sensitive debate that has stalled parliament and threatened Prime Minister Narendra Modi's economic reform agenda. Full Article