Startup And Fundraising 7 August 2026
EXIM Bank Takes Over
The EXIM Bank has replaced the RBI as the implementing agency for the Interest Subvention Scheme, which aims to support MSME exporters in India. This change is part of the government's efforts to empower Micro, Small and Medium Enterprises and boost exports.
The Interest Subvention Scheme is designed to provide financial support to MSME exporters. Key features of the scheme include:
- Reduced interest rates for exporters
- Simplified application process
- Increased accessibility for small businesses
The EXIM Bank will now be responsible for implementing the scheme, which is expected to benefit thousands of MSME exporters across India.
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