The Reserve Bank of India has issued operational guidelines for extending interest subvention on pre and post-shipment export credit under the Export Promotion Mission, also known as Niryat Protsahan. The RBI said the government has launched the interest subvention scheme under the Export Promotion Mission on a pilot basis. The operational instructions have been notified by the Directorate General of Foreign Trade. The RBI has directed all scheduled commercial banks, cooperative banks and all-India financial institutions to extend the benefit strictly to eligible exporters.