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Commerce department proposes solutions for exporters' credit crisis.
Oct 08, 2024

India's commerce department is working to resolve the credit issues faced by exporters, particularly small businesses, due to a lack of access to finance. Banks and the Reserve Bank of India (RBI) have not been intervening effectively. One idea being discussed is establishing a credit guarantee fund for export finance, similar to the post-Covid loan package, which would eliminate the need for businesses to provide collaterals.

    
economictimes.indiatimes.com

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