In order to partially offset the high cost of credit for the exporters, 2% Interest subvention scheme was introduced. Prior to June, 2012, the scheme was available to Handlooms, Handicrafts, SMEs and carpets sectors. In June 2012, it had been extended to labour intensive sectors, namely, Toys, sports goods, processed agricultural products, and ready made garments, in addition to the four sectors benefiting from the scheme earlier. Further, the scheme has been widened to include 134 sub-sectors of Engineering sector w.e.f. 1st January, 2013.
******
