TN 33/2026 IN FORCE

TN 33/2026

Reliability

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Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi

Trade Notice No. 33/2025-26

Dated: 20[th] March 2026

Subject: Amendments to Guidelines for Interest Subvention Support for Pre- and – – Post-Shipment Export Credit under Export Promotion Mission Niryat Protsahan regarding

In reference to the guidelines of Interest Subvention Support for Pre- and Post-Shipment Export Credit under Export Promotion Mission (EPM) in Trade Notice No. 20/2025-26 dated January 02, 2026, and Trade Notice No. 22/2025-26 dated January 16,2026 the following amendments and insertions are hereby issued for operational clarity and certainty. These shall form part of the Interest Subvention Support for Pre- and Post-Shipment Export Credit under Export Promotion Mission (EPM) - Niryat Protsahan as issued earlier-

Para<br>No.	Existing Text	Revised/Inserted Text
Draft<br>HBP<br>Para<br>X.1(b)	Export credit extended by lending<br>institutions in accordance with the<br>Reserve<br>Bank<br>of<br>India’s<br>consolidated Directions on Credit<br>Facilities, as amended from time<br>to time, shall qualify for support<br>under this component.	The credit facility shall be eligible for the<br>interest subvention benefit as per the<br>ongoing directions of Reserve Bank of<br>India’s_Consolidated Directions on Credit_<br>Facilities in force including in respect to<br>period and structure.

erest subvention benefit as per the ongoing directions of Reserve Bank of India’s_Consolidated Directions on Credit_ Facilities in force including in respect to period and structure.| |Inserted -Draft Appendi x-A Para 3(f)||Interest subvention shall not be admissible from the date on which the loan account is classified as a Non- Performing Asset (NPA), and no subvention benefit shall be extended with effect from such date.| |Draft HBP|Where an exporter avails export credit from more than one lending|Where an exporter avails export credit from more than one lending institution, the|

|Para X.4(e)|institution, the responsibility to ensure that aggregate interest subvention claims remain within the prescribed annual ceiling shall rest solely with the beneficiary exporter. Any excess claim identified shall be recoverable in accordance with applicable provisions.|responsibility to ensure that aggregate interest subvention claims remain within the prescribed annual ceiling shall rest solely with the beneficiary exporter.

h applicable provisions.|responsibility to ensure that aggregate interest subvention claims remain within the prescribed annual ceiling shall rest solely with the beneficiary exporter. Any excess claim identified shall be recoverable in accordance with applicable provisions.An undertaking may be obtained by the banks from the exporter on cross-bank interest subvention not exceeding the Rs.50 lakh per IEC limit.| |---|---|---| |Draft HBP Para X.4(d)|The Entity shall furnish the applicable UIN to their lending bank, and the bank shall report interest subvention claims mapped to the corresponding UIN.|The Entity shall furnish the applicable UIN to their lending bank, and the bank shall report interest subvention claims mapped to the corresponding UIN. A new Unique Identification Number (UIN) shall be required to be generated reflecting the revised bank details in cases where the borrower changes the lending bank. Portability of UIN shall not be permitted, and the existing UIN shall not be transferred to the new bank. Further, the UIN must be generated on or before the date of disbursal of pre- shipment or post-shipment export credit, failing which interest subvention support shall not be admissible in respect of such disbursal. The rate of interest subvention applicable shall be the rate prevailing on **the date of loa

shall not be admissible in respect of** such disbursal. The rate of interest subvention applicable shall be the rate prevailing on the date of loan disbursal.| |Inserted Draft HBP X.1 (f)||Addition of new Tariff Line to the Positive List:  No retrospective benefit shall be|

		admissible.<br><br>Interest subvention shall be available<br>only in respect of eligible export credit<br>disbursed on or after the date of<br>inclusion of the tariff line in the Positive<br>List.<br><br>Where a tariff line is subsequently<br>rendered ineligible, pre-shipment credit<br>already<br>disbursed<br>prior<br>to<br>such<br>ineligibility shall continue to remain<br>eligible for subvention; however, interest<br>subvention shall not be admissible on<br>any<br>post-shipment<br>export<br>credit<br>disbursed thereafter.
Inserted<br>Appendi<br>X<br>A<br>Para-5		Title:Claim submission by banks/lending<br>institutions.<br>a. The Bank must first register on the<br>online portal.<br>b. After completing the registration, the<br>Bank will be required to log in to the<br>portal to submit the reimbursement<br>claim online.<br>c. The Bank must enter the list of UIN<br>of the borrowers in the designated<br>field.<br>d. Upon entering the UIN, the bank will<br>be able to review the borrower's<br>details as submitted at the time of<br>filing the_intent-to-claim_.<br>e.

f the borrowers in the designated field. d. Upon entering the UIN, the bank will be able to review the borrower's details as submitted at the time of filing the_intent-to-claim_. e. The Bank will also be required to provide additional information related to the loan extended to the borrower. f. The detailed list of data fields is to be submitted, along with the|

		workflow for claim submission, in the<br>prescribed format.
Inserted<br>Draft<br>Para X.4<br>(f)		<br>UIN<br>and<br>UDIN<br>indicated<br>in<br>the<br>documents generated on theDGFT<br>portalrefer to thesame unique<br>identification numberfor the interest<br>subvention benefit.<br><br>SAMPLE UIN under EPM would be as<br>per<br>the<br>format<br>below<br>-<br>EPMIESxxxxxxxxxxxx.<br><br>UIN<br>obtained<br>under<br>the<br>erstwhile<br>Interest Equalisation Scheme(IES)shall<br>not be eligibleto pass subvention<br>benefits<br>to<br>exporters<br>under<br>EPM<br>Interest subvention.<br><br>Exporters can only apply for a UIN<br>against the notified Positive List of HS<br>Codes at the time of application.

ion benefits to exporters under EPM Interest subvention.  Exporters can only apply for a UIN against the notified Positive List of HS Codes at the time of application.| |Draft Appendi x A Para 4(d)|In cases where the borrower repays the entire loan amount in advance before the stipulated tenure, the lending institution shall report the early foreclosure of the loan account to the RBI.|In cases where the borrower repays the entire loan amount in advance before the stipulated tenure, the lending institution shall report the early foreclosure of the loan account to the RBI.Interest subvention shall be applied only for the actual period the credit remained outstanding.| |Draft HBP Para X.2(a)|Export credit shall continue to be sanctioned and disbursed by eligible commercial lending institutions as per applicable RBI guidelines. The interest subvention shall be passed on upfront to the eligible MSME exporter by the lending institution, and the corresponding|Export credit shall continue to be sanctioned and disbursed by lending institutions as per applicable Reserve Bank of India’s_Consolidated Directions on Credit_ Facilities. The interest subvention shall be passed on upfront to the eligible MSME exporter by the lending institution, and the corresponding reimbursement shall be claimed by the lending institution from the|

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