DGFT Grants Major Relief on UIN Generation for Export Credit Interest Subvention:

DGFT Grants Major Relief on UIN Generation for Export Credit Interest Subvention The Directorate General of Foreign Trade (DGFT) has issued a clarification on Interest Subvention Support for Pre- and Post-Shipment Export Credit under the Export Promotion Mission (EPM) - Niryat Protsahan Scheme, through Trade Notice No. 03/2026-27, dated May 13, 2026. This clarification aims to address those practical difficulties or issues faced by exporters and banks while generating and validating the Unique Identification Number (UIN) under the Equalisation Intervention Scheme, since the DGFT has received several representations flagging the same. This number is required for claim benefits on pre-shipment and post-shipment export credit.

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The DGFT stated that several exporters have already generated their UDIN under the earlier Equalisation Intervention Scheme; however, they were facing difficulties in availing their export credit on or after January 2, 2026. In multiple cases, credits were disbursed before exporters could complete the new UIN generation process. Since banks were still aligning their systems and workflows, implementation issues led to non-uniform practices across lending institutions. To resolve these issues, the DGFT has announced a special relaxation for the Financial Year 2025-26 (Assessment Year 2026-27). As per this relaxation, exporters whose eligible export credit was disbursed on or after January 2, 2026, will now be able to generate a UIN even after loan disbursal; however, the condition is that the UIN should be created on or before May 31, 2026. In such cases, interest subvention benefits will be available from the actual date of loan disbursal and not from the date of UIN generation.

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From FY 2026-27 onwards, exporters must generate the UIN within 15 days from the date of loan disbursal to remain eligible for interest subvention from the date of disbursal. DGFT has also directed all banks and lending institutions to implement these changes immediately and ensure timely credit of interest subvention benefits to eligible exporters.