The Union government is considering a relaunch of the Interest Equalisation Scheme, which is likely to be brought back within April, providing potential relief to exporters amid the reciprocal tariffs imposed by US President Donald Trump.
Exporters have demanded export credit guarantee coverage for shipments headed to newer geographies due to the diversification of exports.
The relaunch of the Interest Equalisation Scheme is expected to support exporters and help mitigate the impact of Trump's tariffs.
The decision to relaunch the scheme follows a meeting between Commerce Minister Piyush Goyal and exporters.