News Details

Govt extends interest subvention benefit to micro, small exporters of certain iron, steel goods

  2026-04-23

🏗️📈 Govt Boosts Iron & Steel Exports for MSMEs!

The Indian government, through DGFT, has extended interest subvention benefits to Micro & Small Enterprises (MSEs) exporting 167 iron & steel product categories, effective April 20, 2026. 🌍

✨ Key Highlights:
✔️ MSE Focused: Benefits only for Micro & Small Enterprises (excludes medium firms)
✔️ Wide Coverage: 167 product categories including pig iron, ferroalloys & steel
✔️ Credit Support: Applies to both pre & post-shipment rupee export credit
✔️ Effective Date: Applicable on credit from April 20, 2026 onwards

💡 Why it matters:
• Part of ₹7,295 crore export support package
• Improves liquidity & reduces borrowing costs
• Strengthens MSME competitiveness in global markets

⚠️ Additional Update: Export restrictions imposed on certain Baryte grades due to global uncertainties

🚀 A strong push to empower small exporters and boost India’s trade growth!
 

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