The Reserve Bank has extended the 2 per cent interest subsidy scheme by another year on rupee export credit to the labour-oriented and small scale sectors.

The RBI, in its circular, said that exporters of handicrafts, handlooms, readymade garments, processed agriculture products and carpets will be eligible for interest subvention to be available up to the 31st of March next year. It will be effective from the 1st of April this year.

Besides, sports goods and toys exporters would also be eligible for such benefit.