Commerce Minister

Rate of Interest Subvention Increased from 2% to 3%

Presently the rate of Interest Subvention for credit obtained by exporters is 2%. There has been persistent demand to both increase the rate of subvention and also to widen the coverage. At present, all exporters who are micro and small enterprises, irrespective of the export sector, are beneficiaries of this scheme. In addition, the exporters… Read More

Tags: Board of TradeCommerce MinisterExportGovernmentHandicraftInterestMinister of Industry (Canada)Subsidy

PM sets up Project Monitoring Group to Track Large Investment Projects

A meeting was chaired by Prime Minister Dr. Manmohan Singh, earlier this month, to discuss an institutional mechanism to track stalled investment projects, both in the public and private sectors and to remove the implementation bottlenecks in these projects on a fast-track basis. The Prime Minister directed that a special cell be created immediately in the… Read More

Tags: Cabinet SecretaryCommerce MinisterFinance MinisterJayanthi NatarajanManmohan SinghMinistriesPlanning CommissionPrime Minister

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