In a pre-budget 2024-25 meeting with the Finance Minister, the trade bodies particularly asked for the export boosting scheme to be continued further, interest equalisation, an increase in budgetary allocation for Market Access Initiative scheme, and steps to boost export of gems and jewellery that has been declining over the last one year. Federation of Indian Export Organisations (FIEO) urged the finance minister to extend the interest equalisation scheme for five years. The scheme expires on June 30. Under the scheme, exporters avail low interest loans from banks, and the lenders are thereafter compensated by the government.
