MSME exporters get Rs 7,300 crore credit lifeline

MSME exporters get Rs 7,300 crore credit lifeline

NEW DELHI: The commerce department on Friday unveiled a new interest subsidy mechanism targeted at MSMEs, along with a corpus to guarantee loans to small businesses that export. The interest subsidy scheme, which has an allocation of nearly Rs 5,181 crore spread over six years starting the current fiscal, will offer a 2.75% subsidy on…

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Trade relief push: RBI extends export timelines; exporters get more credit flexibility

Trade relief push: RBI extends export timelines; exporters get more credit flexibility

The Reserve Bank of India (RBI) on Friday announced a sweeping set of trade relief measures aimed at easing the pressure on exporters battling global headwinds, supply-chain delays and tightening liquidity, according to an ANI report.The relief package — effective immediately — expands export timelines, relaxes credit norms and grants temporary leeway on loan repayments…

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