Question : INTEREST SUBVENTION SCHEME QUESTION



(a) the total amount disbursed under Interest Subvention Scheme during the last three years and the current year;

(b) whether the Government has any proposal to increase the 2 per cent interest subvention given on rupee credit of exporters from labour intensive and SSI due to increased cost of borrowing and if so, the details thereof;

(c) whether the Government has any proposal to extend the interest subvention scheme to other sectors also; and

(d) if so, the details thereof?

Answer given by the minister


MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI NAMO NARAIN MEENA)

(a): The 2% Interest Subvention Scheme on pre and post shipment rupee export credit was made available till 31.03.2012 to Handicrafts, Handlooms, Carpet and Small and Medium Enterprises. The total amount disbursed under Interest Subvention Scheme during the last three years and the current year is as given below:

Financial Year	Funds released to RBI
2009-10 200 crore 2010-11 654 crore 2011-12 996 crore 2012-13 -
Total 1850 crore

(b): No, Sir.

(c): No such proposal is under consideration of the Government.

(d): In view of (c) above, does not arise.