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Forwarded from Indian Economy -Civil Service Gurukul (Civil Service Gurukul)

✅Interest Equalisation Scheme (IES)
The Interest Equalisation Scheme (IES), launched in 2015, is a game-changing initiative by the Government of India to support exporters with subsidized interest rates on pre-shipment and post-shipment export credit. The scheme offers an interest subsidy of 3% to 5%, with a strong focus on empowering Micro, Small, and Medium Enterprises (MSMEs) engaged in exports.
💡 Key Highlights of the Scheme:
✅ Objective: Reduce the financial burden on exporters and boost global competitiveness.
✅ Beneficiaries: MSMEs and other eligible exporters.
✅ Subsidy Rates: 3% to 5% on export credit interest rates.
✅ Impact: Enables exporters to access affordable credit, improve liquidity, and offer competitive pricing in international markets.
📊 Example:
If an MSME exporter secures export credit at a 9% interest rate, the 3% subsidy under IES reduces the effective rate to 6%. This directly lowers costs, improves financial stability, and enhances market competitiveness.
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✅ UPSC Prelims Multiple Choice Questions
1. The Interest Equalisation Scheme (IES) was introduced to:
a) Support MSMEs in accessing affordable export credit.
b) Promote foreign direct investment in India.
c) Provide interest-free loans to exporters.
d) Subsidize production costs for exporters.
Answer: a) Support MSMEs in accessing affordable export credit.
2. The Interest Equalisation Scheme (IES) provides which of the following benefits?
a) A reduction in export duties.
b) Interest subsidies for pre-shipment and post-shipment credit.
c) Grants for exporters to set up new factories.
d) Tax exemptions for export income.
Answer: b) Interest subsidies for pre-shipment and post-shipment credit.
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102 viewsCivil Service Gurukul, Jan 17 at 05:57

✅Interest Equalisation Scheme (IES)
The Interest Equalisation Scheme (IES), launched in 2015, is a game-changing initiative by the Government of India to support exporters with subsidized interest rates on pre-shipment and post-shipment export credit. The scheme offers an interest subsidy of 3% to 5%, with a strong focus on empowering Micro, Small, and Medium Enterprises (MSMEs) engaged in exports.
💡 Key Highlights of the Scheme:
✅ Objective: Reduce the financial burden on exporters and boost global competitiveness.
✅ Beneficiaries: MSMEs and other eligible exporters.
✅ Subsidy Rates: 3% to 5% on export credit interest rates.
✅ Impact: Enables exporters to access affordable credit, improve liquidity, and offer competitive pricing in international markets.
📊 Example:
If an MSME exporter secures export credit at a 9% interest rate, the 3% subsidy under IES reduces the effective rate to 6%. This directly lowers costs, improves financial stability, and enhances market competitiveness.
📘 Civil Service Gurukul – Transforming Aspirants into Achievers 🎓
📢 Join Us:
🔜 @economyupsc
🔜 @civilservicegurukul
📩 Reach Out on Telegram: @csgurukul
✅ UPSC Prelims Multiple Choice Questions
1. The Interest Equalisation Scheme (IES) was introduced to:
a) Support MSMEs in accessing affordable export credit.
b) Promote foreign direct investment in India.
c) Provide interest-free loans to exporters.
d) Subsidize production costs for exporters.
Answer: a) Support MSMEs in accessing affordable export credit.
2. The Interest Equalisation Scheme (IES) provides which of the following benefits?
a) A reduction in export duties.
b) Interest subsidies for pre-shipment and post-shipment credit.
c) Grants for exporters to set up new factories.
d) Tax exemptions for export income.
Answer: b) Interest subsidies for pre-shipment and post-shipment credit.
🌐 Website: www.civilservicegurukul.com
📧 Email: Support@civilservicegurukul.com

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