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Suresh Prabhu makes a case for greater flow of credit to export sector
Jan 10, 2019

Commerce and Industry Minister Suresh Prabhu has made a case for banks allowing a greater flow of credit to the export sector.
 
Highlighting the declining trend of export credit in recent months, Prabhu argued that Micro, Small and Medium Enterprises (MSME) needed more funds. This would be crucial towards employment generation.
 
Prabhu presided over a meeting of government officials and export organisations on Wednesday to discuss problems faced by the export sector. Apart from the Minister of State for Finance, senior officers from the Department of Finance, Revenue, Commerce and the Directorate General of Foreign Trade (DGFT) were present.
 
He also urged Revenue Department officials to make Input Tax Credit (ITC) refund online to ensure that the export refund is seamless, and also transparent and accountable.
    

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