DGFT trade notice 03/2026-27 · 13 May 2026
Official title
Clarifications on Interest Subvention Support for Pre- and Post-Shipment Export Credit under Export Promotion Mission – Niryat Protsahan
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The Directorate General of Foreign Trade has amended the Interest Subvention Support guidelines for the Export Promotion Mission to resolve operational difficulties regarding Unique Identification Number (UIN) generation. For credit disbursed during FY 2025-26 (on or after 02.01.2026), firms may generate a UIN by 31.05.2026, even if the credit was disbursed prior to UIN generation or under an erstwhile UDIN. For FY 2026-27 onwards, a UIN generated within 15 days of the original credit disbursal is considered valid. In these instances, interest subvention is admissible from the date of loan disbursal. Lending institutions are directed to implement these amendments immediately and ensure that claims are mapped to the correct financial year of credit disbursal.
What you must do
Key dates
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Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi
Trade Notice No. 03/2026-27 Dated: 13 May 2026
Subject: Clarifications on Interest Subvention Support for Pre- and Post-Shipment Export Credit under Export Promotion Mission – Niryat Protsahan – reg.
In reference to the guidelines for Interest Subvention Support for Pre- and Post-Shipment Export Credit under the Export Promotion Mission (EPM) issued vide Trade Notice No. 20/2025-26 dated 02.01.2026, Trade Notice No. 22/2025-26 dated 16.01.2026, Trade Notice No. 33/2025-26 dated 20.03.2026 and Trade Notice No. 01/2026-27 dated 20.04.2026.
a. UDIN was generated under erstwhile IES Scheme, but credit has been disbursed on or after 02.01.2026. b. Credit has been disbursed on or after 02.01.2026, but were unable to complete the UIN process prior to disbursal.
| Para No. | Existing Text | Revised/Inserted Text |
|---|---|---|
| Draft HBP Para X.4(d) | The Entity shall furnish the applicable UIN to their lending bank, and the bank shall report interest subvention claims mapped to the corresponding UIN. | The Entity shall furnish the applicable UIN to their lending bank, and the bank shall report interest subvention claims mapped to the corresponding UIN. |
| A new Unique Identification Number (UIN) shall be required to be generated reflecting the revised bank details in cases where the borrower changes the lending bank. Portability of UIN shall not be permitted, and the existing UIN shall not be transferred to the new bank. | A new Unique Identification Number (UIN) shall be required to be generated reflecting the revised bank details in cases where the borrower changes the lending bank. | |
| The rate of interest subvention applicable shall be the rate prevailing on the date of loan disbursal. | Portability of UIN shall not be permitted, and the existing UIN shall not be transferred to the new bank. | |
| a. FY 2025-26 (02.01.2026 to 31.03.2026) - | ||
| Interest subvention claims may be submitted by the lending bank in respect of a UIN generated after the date of disbursal of eligible pre-shipment or post-shipment export credit, subject to the following conditions: | ||
| (i) the eligible export credit has been disbursed on or after 02.01.2026; and | ||
| (ii) the UIN has been generated on or before 31.05.2026. | ||
| For the purposes of yearly monitoring, the exporter shall ensure that the UIN shall be generated specifically selecting the year in which disbursal was made by the bank. | ||
| In such cases, interest subvention shall be admissible from the date of loan disbursal and not merely from the date of UIN generation. | ||
| Banks shall ensure that interest subvention for eligible exporters is computed and credited accordingly, including for the period from 02.01.2026, on a priority basis. | ||
| b. FY 2026-27 onwards - | ||
| A UIN generated within 15 (fifteen) days from the date of original disbursal of eligible pre-shipment or post-shipment export credit shall be treated as valid for the purpose of admissibility of interest subvention support. Interest subvention shall be admissible from the date of disbursal in such cases. | ||
| c. The rate of interest subvention applicable shall be the rate prevailing on the date of loan disbursal. | ||
| d. The banks shall also ensure that the claim being filed in respect of an UIN is specific to the year in which the disbursal of credit was/is made. |
This Trade Notice is issued with the approval of the Competent Authority.
(A.G. Subramanian) Deputy Director General of Foreign Trade
[Issued from File No. 01/02/89/AM-26/EPM]
