Trade Relief Measures

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Trade Relief Measures

Trade Relief Measures

The Reserve Bank of India (Trade Relief Measures) Directions, 2025 have been issued on 14.11.2025 for impacted sectors. These directions come into effect immediately. Accordingly, SBI is extending trade relief to the impacted borrowers. The relief measures are as under:

  • The borrower is engaged in exports relating to any of the sectors specified as per the list enclosed (Appendix A).
  • The borrower had an outstanding export credit facility from Bank as on 31.08.2025.
  • All accounts of the borrower with all Banks/FIs were classified as ‘Standard’ as on 31.08.2025.
  • Borrowers with outstanding export facilities with other Regulated Entities as on 31.08.2025 as certified by the latter.

Effective Period- Effective period for trade relief has been identified from 01.09.2025 to 31.12.2025.

Debt Servicing Deferment (Moratorium)

  • Term Loan/Demand Loan- For all term loans excluding personal segment loans, moratorium on payment of all instalments [principal and/or interest] fallen/falling due during 01.09.2025 to 31.12.2025 (Effective Period). The repayment schedule for such loans as also the residual tenor, will be shifted across the board by four months after the moratorium period.
  • Cash Credit/OD - Deferment of recovery of interest applied in respect of all such facilities from 01.09.2025 to 31.12.2025 (Effective Period) will be provided.

Interest Application - During the moratorium/ deferment period, interest will continue to accrue on simple interest basis, without compounding effect, i.e., there shall be no interest on interest.

Extension of FITL - The accumulated accrued interest for during moratorium/ deferment period will be converted at the request of the borrower into a facility wise Funded Interest Term Loan (FITL) and shall be repayable in one or more instalments after 31.03.2026 but not later than 30.09.2026. The Rate of Interest for FITL will be applicable to the facility for which FITL has been granted w.e.f. 01.01.2026.

Reassessment of working capital/relaxation in margin at the request of borrower will be considered on merit.

Relief in Export Credit

  • Extension of tenor for Export Credit - Enhanced credit periods of up to 450 days shall be allowed for pre-shipment and post-shipment export credit disbursed till 31.03.2026.
  • Liquidation of Export Credit - In respect of packing credit facilities already availed by exporters on or before 31.08.2025 where dispatch of goods could not take place, liquidation of such facilities will be allowed from any legitimate alternate sources, including domestic sale proceeds of such goods or substitution of contract with proceeds of another export order.
  • The period for shipment of goods from the date of receipt of advance payment shall be three years or as per agreement, whichever is later.

Borrowers of SBI are requested to check eligibility criteria and approach their branches for availing relief under these measures. Application forms is available under download section.

List of Eligible Sectors

Sr No. HS Code Description
1 03 Fish and crustaceans, molluscs and other aquatic invertebrates.
2 29 Organic chemicals
3 38 Miscellaneous chemical products.
4 39 Plastic and articles thereof.
5 40 Rubber and articles thereof.
6 42 Articles of leather, saddlery and harness; travel goods, handbags and similar containers, articles of animal gut (other than silkworm) gut.
7 57 Carpets and other textile floor coverings.
8 61 Articles of apparel and clothing accessories knitted or crocheted.
9 62 Articles of apparel and clothing accessories not knitted or crocheted.
10 63 Other made-up textile articles; sets; worn clothing and worn textile articles; rags
11 64 Footwear, gaiters and the like; parts of such articles.
12 68 Articles of stone, plaster, cement, asbestos, mica or similar materials.
13 71 Natural or cultured pearls, precious or semiprecious stones, precious metals, clad with precious metal and articles thereof; imitation jewellery; coin.
14 73 Articles of iron or steel
15 76 Aluminium and articles thereof.
16 84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof.
17 85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts.
18 87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof.
19 90 Optical, photographic cinematographic measuring, checking precision, medical or surgical inst. And apparatus parts and accessories thereof;
20 94 Furniture: bedding, mattresses, mattress supports, cushions and similar stuffed furnishing; lamps and lighting fittings not elsewhere specified or included

Download Application Form here


Last Updated On : Tuesday, 02-12-2025

Interest Rates

7.50%* p.a. onwards

w.e.f. 15.06.2025

*T&C Apply.

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