EXIM Bank to be implementing agency for interest subvention support for exporters: DGFT

The Export-Import Bank (EXIM Bank) will take over the responsibility of implementing interest subvention support for exporters from the Reserve Bank of India. This change is significant as it will allow EXIM Bank to manage all operational aspects and claim settlements, potentially streamlining the process for exporters. The transition is set to be effective on April 1, 2026, and is expected to have a positive impact on the export sector, potentially boosting trade and economic growth.

Read the source report: Economic Times