Language:
Daily Current Affairs & GK
Latest updates for SSC, Banking, Railways & State Exams
Advertisement
Overview of Spain FM Jose Manuel Albares’ Visit to India on January 21, 2026On January 21, 2026, Jose Manuel Albares, Minister for Foreign Affairs, European Union and Cooperation, Spain undertook a one-day official visit to India at the invitation of Dr. S. Jaishankar, Ministry of External Affairs (MEA).The visit coincides with the 70th anniversary of diplomatic relations between India and Spain, which were established in 1956.Highlights of the Visit:Bilateral Meetings: During his visit to India, Spain FM Jose Manuel Albares held a bilateral meeting with Union Minister Dr. S. Jaishankar, MEA at the Hyderabad House in New Delhi, Delhi. They reviewed India-Spain relations, including trade, investment, defense, culture, tourism, and people-to-people ties.He also met President of India, Droupadi Murmu at Rashtrapati Bhavan in New Delhi.Indo‑Pacific Oceans Initiative (IPOI): During the visit, Spain’s Foreign Minister José Manuel Albares presented the ‘Declaration of Accession’ to External Affairs Minister S. Jaishankar, formally joining the IPOI.As part of the joining procedure, Spain and India agreed to upgrade their relationship to a “strategic association”, which is the highest level of diplomatic partnership accorded by India.Launch of India-Spain Dual Year Logo : During the visit, Spanish FM Jose Manuel Albares and Union Minister Dr. S. Jaishankar, MEA and jointly unveiled the logo for the India-Spain Dual Year of Culture, Tourism and Artificial Intelligence (AI), commemorating 70 years of diplomatic relations between India and Spain.During this Dual Year, India and Spain will organize cultural festivals, exhibitions and exchanges; promote tourism between India and Spain; encourage cooperation in science, technology and Artificial Intelligence (AI); and hold academic, business and people-to-people events.
Overview of Spain FM Jose Manuel Albares’ Visit to India on January 21, 2026On January 21, 2026, Jose Manuel Albares, Minister for Foreign Affairs, European Union and Cooperation, Spain undertook a one-day official visit to India at the invitation of Dr. S. Jaishankar, Ministry of External Affairs (MEA).The visit coincides with the 70th anniversary of diplomatic relations between India and Spain, which were established in 1956.Highlights of the Visit:Bilateral Meetings: During his visit to India, Spain FM Jose Manuel Albares held a bilateral meeting with Union Minister Dr. S. Jaishankar, MEA at the Hyderabad House in New Delhi, Delhi. They reviewed India-Spain relations, including trade, investment, defense, culture, tourism, and people-to-people ties.He also met President of India, Droupadi Murmu at Rashtrapati Bhavan in New Delhi.Indo‑Pacific Oceans Initiative (IPOI): During the visit, Spain’s Foreign Minister José Manuel Albares presented the ‘Declaration of Accession’ to External Affairs Minister S. Jaishankar, formally joining the IPOI.As part of the joining procedure, Spain and India agreed to upgrade their relationship to a “strategic association”, which is the highest level of diplomatic partnership accorded by India.Launch of India-Spain Dual Year Logo : During the visit, Spanish FM Jose Manuel Albares and Union Minister Dr. S. Jaishankar, MEA and jointly unveiled the logo for the India-Spain Dual Year of Culture, Tourism and Artificial Intelligence (AI), commemorating 70 years of diplomatic relations between India and Spain.During this Dual Year, India and Spain will organize cultural festivals, exhibitions and exchanges; promote tourism between India and Spain; encourage cooperation in science, technology and Artificial Intelligence (AI); and hold academic, business and people-to-people events.
Overview of Spain FM Jose Manuel Albares’ Visit to India on January 21, 2026On January 21, 2026, Jose Manuel Albares, Minister for Foreign Affairs, European Union and Cooperation, Spain undertook a one-day official visit to India at the invitation of...
Sukanya Samriddhi Yojana Completes 11 years Since its InceptionOn January 22 2026, the Sukanya Samriddhi Yojana (SSY), a Government of India(GoI) backed small savings scheme launched under the Beti Bachao Beti Padhao (BBBP) Campaign, completed 11 years.As of December 2025, 4.53 crore accounts have been opened and total deposits amount to more than Rs 3.33 lakh crore.About Sukanya Samriddhi Yojana (SSY):Launch: The SSY was launched by Prime Minister (PM) Narendra Modi on 22 January 2015 under the BBBP Campaign.Administrative Authority: The SSY is administered by the Department of Economic Affairs (DEA) under the Ministry of Finance(MoF)About Sukanya Samriddhi Account(SSA):SSA: It is an account that holds the funds deposited towards the SSY scheme.Account Access: Parents or legal guardians can open an account for their Indian girl child at any India Post office or branch of any Public Sector Bank (PSB) and authorised Private Sector Banks (HDFC Bank, Axis Bank, ICICI Bank and IDBI Bank).Age Limit: The account may be opened anytime from the birth of the girl child until she attains the age of 10 years.Account Restrictions: Only one SSA is permitted per girl child, and a family can open accounts for a maximum of two girl children.Deposit Limit: The minimum initial deposit of Rs 250 in the SSA, and subsequent deposits can be made in multiples of Rs 50, provided that at least Rs 250 is deposited in a financial year (FY).The total annual deposit limit is capped at Rs 1,50,000, any excess amount will not earn interest and will be returned.Tenure: Deposits can be made for a period of up to 15 years from the account opening date.Interest Rate: The SSY currently offers an interest rate of 8.2% per annum(p.a), with rates reviewed quarterly and interest credited annually.Maturity: The SSA matures upon the completion of 21 years of its opening date.
Sukanya Samriddhi Yojana Completes 11 years Since its InceptionOn January 22 2026, the Sukanya Samriddhi Yojana (SSY), a Government of India(GoI) backed small savings scheme launched under the Beti Bachao Beti Padhao (BBBP) Campaign, completed 11 years.As of December 2025, 4.53 crore accounts have been opened and total deposits amount to more than Rs 3.33 lakh crore.About Sukanya Samriddhi Yojana (SSY):Launch: The SSY was launched by Prime Minister (PM) Narendra Modi on 22 January 2015 under the BBBP Campaign.Administrative Authority: The SSY is administered by the Department of Economic Affairs (DEA) under the Ministry of Finance(MoF)About Sukanya Samriddhi Account(SSA):SSA: It is an account that holds the funds deposited towards the SSY scheme.Account Access: Parents or legal guardians can open an account for their Indian girl child at any India Post office or branch of any Public Sector Bank (PSB) and authorised Private Sector Banks (HDFC Bank, Axis Bank, ICICI Bank and IDBI Bank).Age Limit: The account may be opened anytime from the birth of the girl child until she attains the age of 10 years.Account Restrictions: Only one SSA is permitted per girl child, and a family can open accounts for a maximum of two girl children.Deposit Limit: The minimum initial deposit of Rs 250 in the SSA, and subsequent deposits can be made in multiples of Rs 50, provided that at least Rs 250 is deposited in a financial year (FY).The total annual deposit limit is capped at Rs 1,50,000, any excess amount will not earn interest and will be returned.Tenure: Deposits can be made for a period of up to 15 years from the account opening date.Interest Rate: The SSY currently offers an interest rate of 8.2% per annum(p.a), with rates reviewed quarterly and interest credited annually.Maturity: The SSA matures upon the completion of 21 years of its opening date.
Sukanya Samriddhi Yojana Completes 11 years Since its InceptionOn January 22 2026, the Sukanya Samriddhi Yojana (SSY), a Government of India(GoI) backed small savings scheme launched under the Beti Bachao Beti Padhao (BBBP) Campaign, completed 11 yea...
Sponsored Advertisement
Assam Govt Announces ‘Atal Vichal Agragami Assam Scheme’ for Research ScholarsIn January 2026, Assam Chief Minister (CM) Himanta Biswa Sarma announced the ‘Atal Vichal Agragami Assam’ scheme to support research scholars in the state by providing monthly financial assistance.Under the scheme, research scholars will receive Rs 25,000 per month, while Divyang research scholars will be granted Rs 40,000 per month.
Assam Govt Announces ‘Atal Vichal Agragami Assam Scheme’ for Research ScholarsIn January 2026, Assam Chief Minister (CM) Himanta Biswa Sarma announced the ‘Atal Vichal Agragami Assam’ scheme to support research scholars in the state by providing monthly financial assistance.Under the scheme, research scholars will receive Rs 25,000 per month, while Divyang research scholars will be granted Rs 40,000 per month.
Assam Govt Announces ‘Atal Vichal Agragami Assam Scheme’ for Research ScholarsIn January 2026, Assam Chief Minister (CM) Himanta Biswa Sarma announced the ‘Atal Vichal Agragami Assam’ scheme to support research scholars in the state by providing mont...
Governments of Odisha and Meghalaya Sign MoU to Strengthen ECCEDOn January 20, 2026, The Governments of Odisha and Meghalaya signed a Memorandum of Understanding (MoU) in Bhubaneswar (Odisha) to enhance cooperation in Early Childhood Care, Education and Development (ECCED) through inter-state collaboration, focusing on mutual learning and best practice exchangeWhat? MoU signedWhere? In Bhubaneswar, OdishaEntities: Government of Odisha and MeghalayaPurpose: To enhance cooperation in ECCEDKey Details of the MoU:Signatories: The MoU was signed by Sampath Kumar, Principal Secretary, Meghalaya, and Ananta Narayan Singh Laguri, Additional Secretary, Women & Child Development, Odisha.ECCED Focus Areas:Nutrition and health interventions for early years.Early learning programs and responsive care giving.Community engagement and institutional strengthening.Holistic Childhood Interventions: It covers holistic early childhood interventions, including nutrition, health services, early learning and education, responsive caregiving, community engagement, and institutional capacity building for state officials and frontline workers.Knowledge Exchange Support: The MoU provides a structured framework which will support knowledge exchange, joint research, exposure visits, documentation of best practices, and training for personnel at various levels.
Governments of Odisha and Meghalaya Sign MoU to Strengthen ECCEDOn January 20, 2026, The Governments of Odisha and Meghalaya signed a Memorandum of Understanding (MoU) in Bhubaneswar (Odisha) to enhance cooperation in Early Childhood Care, Education and Development (ECCED) through inter-state collaboration, focusing on mutual learning and best practice exchangeWhat? MoU signedWhere? In Bhubaneswar, OdishaEntities: Government of Odisha and MeghalayaPurpose: To enhance cooperation in ECCEDKey Details of the MoU:Signatories: The MoU was signed by Sampath Kumar, Principal Secretary, Meghalaya, and Ananta Narayan Singh Laguri, Additional Secretary, Women & Child Development, Odisha.ECCED Focus Areas:Nutrition and health interventions for early years.Early learning programs and responsive care giving.Community engagement and institutional strengthening.Holistic Childhood Interventions: It covers holistic early childhood interventions, including nutrition, health services, early learning and education, responsive caregiving, community engagement, and institutional capacity building for state officials and frontline workers.Knowledge Exchange Support: The MoU provides a structured framework which will support knowledge exchange, joint research, exposure visits, documentation of best practices, and training for personnel at various levels.
Governments of Odisha and Meghalaya Sign MoU to Strengthen ECCEDOn January 20, 2026, The Governments of Odisha and Meghalaya signed a Memorandum of Understanding (MoU) in Bhubaneswar (Odisha) to enhance cooperation in Early Childhood Care, Education ...
Sponsored Advertisement
Tata Communications Appoints Ganesh Lakshminarayanan as MD & CEO In January 2026, Tata Communications Limited announced the appointment of Ganesh Lakshminarayanan, former Airtel Business executive, as its Managing Director (MD) and Chief Executive Officer (CEO).He will succeed the current MD & CEO, A. S. Lakshminarayanan, who will retire on 13 April 2026.What? Appointment of MD & CEO of Tata CommunicationsWho? Ganesh LakshminarayananSucceeds: A. S. Lakshminarayanan, retiring on 13 April 2026About Ganesh Lakshminarayanan:Experience: Over 30 years of international management experience across technology, telecommunications, multinational corporations, Business-to-Business (B2B) start-ups, and Indian enterprises.Current Role: Served as MD and Group Vice President for ServiceNow India and the South Asian Association for Regional Cooperation (SAARC) region.Airtel Leadership: Former CEO of Airtel Business, India, and Head of Airtel’s Enterprise Business Unit.Industry Leadership: He has been elected twice to the National Association of Software and Service Companies (NASSCOM) Executive Council and has also served as a council member of the Federation of Indian Chambers of Commerce and Industry (FICCI).
Tata Communications Appoints Ganesh Lakshminarayanan as MD & CEO In January 2026, Tata Communications Limited announced the appointment of Ganesh Lakshminarayanan, former Airtel Business executive, as its Managing Director (MD) and Chief Executive Officer (CEO).He will succeed the current MD & CEO, A. S. Lakshminarayanan, who will retire on 13 April 2026.What? Appointment of MD & CEO of Tata CommunicationsWho? Ganesh LakshminarayananSucceeds: A. S. Lakshminarayanan, retiring on 13 April 2026About Ganesh Lakshminarayanan:Experience: Over 30 years of international management experience across technology, telecommunications, multinational corporations, Business-to-Business (B2B) start-ups, and Indian enterprises.Current Role: Served as MD and Group Vice President for ServiceNow India and the South Asian Association for Regional Cooperation (SAARC) region.Airtel Leadership: Former CEO of Airtel Business, India, and Head of Airtel’s Enterprise Business Unit.Industry Leadership: He has been elected twice to the National Association of Software and Service Companies (NASSCOM) Executive Council and has also served as a council member of the Federation of Indian Chambers of Commerce and Industry (FICCI).
Tata Communications Appoints Ganesh Lakshminarayanan as MD & CEO In January 2026, Tata Communications Limited announced the appointment of Ganesh Lakshminarayanan, former Airtel Business executive, as its Managing Director (MD) and Chief Executive Of...
Deepinder Goyal Resigns as CEO of Eternal Group; Albinder Dhindsa to Take OverIn January 2026, Deepinder Goyal resigned as the Director, Managing Director (MD) and Chief Executive Officer (CEO) of Eternal Limited which is the parent company of food delivery platform “Zomato” and commerce delivery arm Blinkit, with effect from February 1, 2026.Albinder Singh Dhindsa, CEO of Blinkit, has been appointed CEO and Key Managerial Personnel of the company with effect from February 1, 2026.What? Resignation of Eternal Group CEOWho? Deepinder GoyalEffective From: February 01, 2026Successor: Albinder Singh Dhindsa, CEO of BlinkitAbout Deepinder Goyal:Profile: He started his professional journey as a management consultant at Bain & Company.Zomato: In 2008, he co-founded Zomato Ltd. and served as its CEO since inception. The company went public in 2021, and in 2025, the holding entity was rebranded as Eternal Ltd. to represent its expanded business ecosystem.Board Role Post-Resignation: He will remain on the Board of Directors (BoD) as Vice Chairman, pending approval from the shareholders.
Deepinder Goyal Resigns as CEO of Eternal Group; Albinder Dhindsa to Take OverIn January 2026, Deepinder Goyal resigned as the Director, Managing Director (MD) and Chief Executive Officer (CEO) of Eternal Limited which is the parent company of food delivery platform “Zomato” and commerce delivery arm Blinkit, with effect from February 1, 2026.Albinder Singh Dhindsa, CEO of Blinkit, has been appointed CEO and Key Managerial Personnel of the company with effect from February 1, 2026.What? Resignation of Eternal Group CEOWho? Deepinder GoyalEffective From: February 01, 2026Successor: Albinder Singh Dhindsa, CEO of BlinkitAbout Deepinder Goyal:Profile: He started his professional journey as a management consultant at Bain & Company.Zomato: In 2008, he co-founded Zomato Ltd. and served as its CEO since inception. The company went public in 2021, and in 2025, the holding entity was rebranded as Eternal Ltd. to represent its expanded business ecosystem.Board Role Post-Resignation: He will remain on the Board of Directors (BoD) as Vice Chairman, pending approval from the shareholders.
Deepinder Goyal Resigns as CEO of Eternal Group; Albinder Dhindsa to Take OverIn January 2026, Deepinder Goyal resigned as the Director, Managing Director (MD) and Chief Executive Officer (CEO) of Eternal Limited which is the parent company of food d...
Sponsored Advertisement
Fintech Firm ZET Received NPCI Approval to Launch UPI Payments on RuPay Credit CardsIn January 2026, credit-focused Indian fintech firm ZET secured the approval from National Payments Corporation of India (NPCI) to operate as a Third-Party Application Provider (TPAP).This marks a major step for the company in integrating its credit card functionalities into the Unified Payments Interface (UPI) system.What? ZET secured Approval to Operate as TPAPApproval By: NPCIPurpose: Enable UPI payments using RuPay credit cardsPlatform: ZET UPIPartner: RBL Bank & JuspayKey Details:Launch of ZET UPI: After securing approval from NPCI, the fintech company launched ZET UPI which will enable users to make UPI payments/transactions using RuPay credit cards issued through its platform.Supported by: The service is enabled via a banking partnership with RBL Bank, formerly known as Ratnakar Bank Limited and is powered by Juspay’s technology infrastructure for transaction processing.Benefits: Apart from existing credit card-linked rewards, the credit users of ZET who have an active subscription plan will be eligible to avail the cashback benefits on UPI transactions.
Fintech Firm ZET Received NPCI Approval to Launch UPI Payments on RuPay Credit CardsIn January 2026, credit-focused Indian fintech firm ZET secured the approval from National Payments Corporation of India (NPCI) to operate as a Third-Party Application Provider (TPAP).This marks a major step for the company in integrating its credit card functionalities into the Unified Payments Interface (UPI) system.What? ZET secured Approval to Operate as TPAPApproval By: NPCIPurpose: Enable UPI payments using RuPay credit cardsPlatform: ZET UPIPartner: RBL Bank & JuspayKey Details:Launch of ZET UPI: After securing approval from NPCI, the fintech company launched ZET UPI which will enable users to make UPI payments/transactions using RuPay credit cards issued through its platform.Supported by: The service is enabled via a banking partnership with RBL Bank, formerly known as Ratnakar Bank Limited and is powered by Juspay’s technology infrastructure for transaction processing.Benefits: Apart from existing credit card-linked rewards, the credit users of ZET who have an active subscription plan will be eligible to avail the cashback benefits on UPI transactions.
Fintech Firm ZET Received NPCI Approval to Launch UPI Payments on RuPay Credit CardsIn January 2026, credit-focused Indian fintech firm ZET secured the approval from National Payments Corporation of India (NPCI) to operate as a Third-Party Applicatio...
RBI Grants In-Principle Approval to Payoneer India as PA-CBIn January 2026, the Reserve Bank of India (RBI) granted in-principle approval to Payoneer India Private Limited, a subsidiary of United States of America(USA)-based Payoneer Global, to operate as a Payment Aggregator – Cross Border (PA-CB), enabling it to facilitate cross-border payment transactions for Indian importers and exporters.What? RBI granted in-principle approval for PA-CB licenseTo Whom? Payoneer IndiaPurpose: To manage cross-border transactions for both imports (outward) and exports (inward).About Payoneer PA-CB Approval:Operations: Payoneer India will enable end-to-end inward and outward cross-border payment transactions, allowing Indian exporters to receive overseas funds and importers to make international payments.Objective: The approval aims to enable Indian businesses, particularly Micro, Small and Medium Enterprises (MSMEs) and startups, to access global markets and scale international trade operations.Key Criteria: Non-bank entities must obtain RBI authorisation, maintain a net worth of Rs.15 crore initially (Rs.25 crore by year three), adhere to a Rs.25 lakh per-transaction limit, and keep separate accounts for imports and exports with no netting.
RBI Grants In-Principle Approval to Payoneer India as PA-CBIn January 2026, the Reserve Bank of India (RBI) granted in-principle approval to Payoneer India Private Limited, a subsidiary of United States of America(USA)-based Payoneer Global, to operate as a Payment Aggregator – Cross Border (PA-CB), enabling it to facilitate cross-border payment transactions for Indian importers and exporters.What? RBI granted in-principle approval for PA-CB licenseTo Whom? Payoneer IndiaPurpose: To manage cross-border transactions for both imports (outward) and exports (inward).About Payoneer PA-CB Approval:Operations: Payoneer India will enable end-to-end inward and outward cross-border payment transactions, allowing Indian exporters to receive overseas funds and importers to make international payments.Objective: The approval aims to enable Indian businesses, particularly Micro, Small and Medium Enterprises (MSMEs) and startups, to access global markets and scale international trade operations.Key Criteria: Non-bank entities must obtain RBI authorisation, maintain a net worth of Rs.15 crore initially (Rs.25 crore by year three), adhere to a Rs.25 lakh per-transaction limit, and keep separate accounts for imports and exports with no netting.
RBI Grants In-Principle Approval to Payoneer India as PA-CBIn January 2026, the Reserve Bank of India (RBI) granted in-principle approval to Payoneer India Private Limited, a subsidiary of United States of America(USA)-based Payoneer Global, to opera...
Sponsored Advertisement
RBI Notifies New FEMA Rules for Exports and Imports to Take Effect from October 01, 2026In January 2026, the Reserve Bank of India (RBI) issued the ‘Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026’ under the Foreign Exchange Management Act, 1999 (FEMA), introducing uniform timelines and enhanced monitoring requirements for trade‑related foreign exchange transactions.These regulations will supersede the Foreign Exchange Management (Export of Goods & Services) Regulations, 2015 and are set to take effect from October 1, 2026.Key Provisions:Reference: It has been mandated that all references to RBI must be routed via the Platform for Regulatory Application, Validation and Authorisation (PRAVAAH) portal, and any doubtful transactions must be reported to the Directorate of Enforcement(ED) under the Ministry of Finance(MoF).Declaration of Exports: As per new rules, an exporter of goods is required to submit a declaration in the Export Declaration Form (EDF) to the specified authority.Reporting Timelines: Authorized Dealer (AD) banks have been mandated to enter EDF details for goods exported through non-EDI ports into the Export Data Processing and Monitoring System (EDPMS) within 5 working days of receipt.Norms for Service Exports & Imports: For service exports, RBI has mandated banks to upload exporter-submitted EDF details into EDMPS within 5 working days of receipt from the exporter.Export Realization Timeline: The new rules have specified that the export proceeds must be realized and repatriated within 15 months of shipment or invoice, while exports invoiced and settled in Indian Rupees (INR) must be realized within 18 months.Reporting of Remittances: As per new FEMA regulations, all inward and outward remittances linked to exports, imports, and merchanting trade transactions must be reported in EDPMS and/or IDPMS.Monitoring by AD Banks: RBI has empowered the AD banks to monitor all transactions in EDPMS and IDPMS for closure of outstanding entries.
RBI Notifies New FEMA Rules for Exports and Imports to Take Effect from October 01, 2026In January 2026, the Reserve Bank of India (RBI) issued the ‘Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026’ under the Foreign Exchange Management Act, 1999 (FEMA), introducing uniform timelines and enhanced monitoring requirements for trade‑related foreign exchange transactions.These regulations will supersede the Foreign Exchange Management (Export of Goods & Services) Regulations, 2015 and are set to take effect from October 1, 2026.Key Provisions:Reference: It has been mandated that all references to RBI must be routed via the Platform for Regulatory Application, Validation and Authorisation (PRAVAAH) portal, and any doubtful transactions must be reported to the Directorate of Enforcement(ED) under the Ministry of Finance(MoF).Declaration of Exports: As per new rules, an exporter of goods is required to submit a declaration in the Export Declaration Form (EDF) to the specified authority.Reporting Timelines: Authorized Dealer (AD) banks have been mandated to enter EDF details for goods exported through non-EDI ports into the Export Data Processing and Monitoring System (EDPMS) within 5 working days of receipt.Norms for Service Exports & Imports: For service exports, RBI has mandated banks to upload exporter-submitted EDF details into EDMPS within 5 working days of receipt from the exporter.Export Realization Timeline: The new rules have specified that the export proceeds must be realized and repatriated within 15 months of shipment or invoice, while exports invoiced and settled in Indian Rupees (INR) must be realized within 18 months.Reporting of Remittances: As per new FEMA regulations, all inward and outward remittances linked to exports, imports, and merchanting trade transactions must be reported in EDPMS and/or IDPMS.Monitoring by AD Banks: RBI has empowered the AD banks to monitor all transactions in EDPMS and IDPMS for closure of outstanding entries.
RBI Notifies New FEMA Rules for Exports and Imports to Take Effect from October 01, 2026In January 2026, the Reserve Bank of India (RBI) issued the ‘Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026’ under the Fo...
RBI Issues Guidelines on Interest Subvention for Export Credit under Niryat ProtsahanIn January 2026, the Reserve Bank of India (RBI) issued operational guidelines for extending interest subvention on pre and post-shipment export credit under the Export Promotion Mission (EPM) – NIRYAT PROTSAHAN (1st Component).NIRYAT PROTSAHAN – Interest Subvention ComponentObjective: To facilitate improved access to pre- and post-shipment rupee export credit for Micro, Small and Medium Enterprises (MSMEs) exporters by reducing the cost of such credit.Eligible Institutions: The RBI has directed all All Scheduled Commercial Banks (SCB) (excluding Regional Rural Banks (RRBs)), Primary (Urban) Co-operative Banks (UCB), State Co-operative Banks (StCB), All-India Financial Institutions (AIFI) to extend the benefit strictly to eligible exporters.Eligible MSMEs: All MSME manufacturer exporters and merchant exporters holding a valid active Importer Exporter Code (IEC) and a valid MSME Udyam Registration Number (URM) shall be eligible to receive interest subvention support.The interest subvention will be applicable only to exports covered under a notified positive list of tariff lines at the Harmonised System of Nomenclature (HSN) six-digit level.
RBI Issues Guidelines on Interest Subvention for Export Credit under Niryat ProtsahanIn January 2026, the Reserve Bank of India (RBI) issued operational guidelines for extending interest subvention on pre and post-shipment export credit under the Export Promotion Mission (EPM) – NIRYAT PROTSAHAN (1st Component).NIRYAT PROTSAHAN – Interest Subvention ComponentObjective: To facilitate improved access to pre- and post-shipment rupee export credit for Micro, Small and Medium Enterprises (MSMEs) exporters by reducing the cost of such credit.Eligible Institutions: The RBI has directed all All Scheduled Commercial Banks (SCB) (excluding Regional Rural Banks (RRBs)), Primary (Urban) Co-operative Banks (UCB), State Co-operative Banks (StCB), All-India Financial Institutions (AIFI) to extend the benefit strictly to eligible exporters.Eligible MSMEs: All MSME manufacturer exporters and merchant exporters holding a valid active Importer Exporter Code (IEC) and a valid MSME Udyam Registration Number (URM) shall be eligible to receive interest subvention support.The interest subvention will be applicable only to exports covered under a notified positive list of tariff lines at the Harmonised System of Nomenclature (HSN) six-digit level.
RBI Issues Guidelines on Interest Subvention for Export Credit under Niryat ProtsahanIn January 2026, the Reserve Bank of India (RBI) issued operational guidelines for extending interest subvention on pre and post-shipment export credit under the Exp...
Sponsored Advertisement