India Unveils Rs 7,295 Crore Export Support Package for Credit Access
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1 SourcesNew Delhi, India
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India Unveils Rs 7,295 Crore Export Support Package for Credit Access

The Indian government has announced a Rs 7,295-crore export support package aimed at improving exporters' access to credit. This package includes a Rs 5,181-crore interest subvention scheme and a Rs 2,114-crore collateral support for working capital loans. These measures, to be rolled out over six years, intend to provide subsidies and credit guarantees, particularly benefiting MSME exporters in selected sectors facing global trade challenges. The Reserve Bank of India and the Directorate General of Foreign Trade will oversee the implementation.

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