Fri Jan 02 15:33:03 UTC 2026: Here’s a summary of the text and a rewritten news article:

Summary:

The Apparel Export Promotion Council (AEPC) has praised the newly announced Interest Subvention Scheme for MSME (Micro, Small, and Medium Enterprises) exporters, particularly garment exporters. The scheme, effective immediately, provides a 2.75% interest subvention on pre- and post-shipment export credit, up to ₹50 lakh per MSME exporter per financial year. MSME manufacturing and merchant exporters under specific HSN tariff lines are eligible. The AEPC chairman, A. Sakthivel, believes this initiative will provide crucial financial support, improve liquidity, reduce financing costs, and boost the global competitiveness of Indian apparel exporters during a challenging period.

News Article:

Interest Subvention Scheme Hailed as Lifeline for Garment Exporters

COIMBATORE, January 2, 2026 – The Apparel Export Promotion Council (AEPC) is applauding the immediate implementation of the Interest Subvention Scheme for MSME exporters, predicting significant financial relief for garment businesses navigating a difficult market.

The scheme offers a 2.75% interest subvention on both pre- and post-shipment export credit for eligible MSME exporters, capped at ₹50 lakh per exporter annually. The Reserve Bank of India will issue detailed guidelines to banks for implementing the program, which targets MSME manufacturing and merchant exporters operating within specific HSN 6-digit tariff lines.

A. Sakthivel, chairman of the AEPC, expressed strong support for the initiative. “This timely intervention will provide significant financial support to MSME exporters, especially at a time when the industry is passing through a challenging phase,” he stated. “This initiative will go a long way in improving liquidity, reducing financing costs, and enhancing the global competitiveness of Indian apparel exporters.” The council views the scheme as a vital step in bolstering the sector’s resilience and promoting continued growth in international markets.

Read More