The Reserve Bank of India (RBI) had announced in November 2007 the subvention of the interest rates for exporters on Rupee Export Credit of four product sectors including leather till 31st March 2008. The Reserve Bank has again issued a circular dated 24th October 2008, saying that the scheme of interest rate reduction on rupee export credit will be extended up to 30th April, 2009.
Source: Council for Leather Exports