The trade notice clarifies that export credit eligibility depends on prevailing RBI directions, and subvention is not available once a loan becomes an NPA. Exporters must ensure aggregate claims remain within Rs 50 lakh per IEC, supported by bank undertakings. Mandatory generation of a Unique Identification Number (UIN) before loan disbursal is required, with no portability between banks. Subvention applies from the date of disbursal, and only for the actual loan period. Banks must submit claims through an online portal with detailed borrower data.
