Trade ministry asked finance ministry to continue providing incentives to exporters

The trade ministry has asked the finance ministry to continue providing incentives to exporters, the junior trade minister said on Tuesday.

“We have requested the finance minister for cheaper dollar credit at 1 per cent over LIBOR (London Interbank Offered Rate), against 3.5 per cent over LIBOR,” Jyotiraditya Scindia told reporters in Kolkata. “We have also requested for the extension of the interest rate subvention scheme,” he added.