₹7,300 Crore MSME Export Credit Schemes Announced
Why in the news
The Centre introduced two credit-linked schemes to improve liquidity, exports and bank lending for MSMEs that sell abroad.
Key facts
- Combined value: ₹7,300 crore.
- Scheme 1 guarantees export working capital loans; guidelines to come from CGTMSE, beginning with a pilot.
- Scheme 2 sits under the Export Promotion Mission; the RBI will issue guidelines and the focus is cheaper credit and liquidity.
Exam angle
- Guideline issuers: CGTMSE (Scheme 1) and RBI (Scheme 2).
- Scheme 1 supplements existing credit guarantee mechanisms.