India likely to allocate $227.5 million for exporters' credit guarantee in FY26
The cabinet has given the green light to a financial package of Rs 45,060 crore aimed at bolstering exporters. A significant portion of this, specifically Rs 20,000 crore, will be allocated as credit guarantees on bank loans, making it easier for ...
By Reuters | Updated:
IANS
India foreign trade (Image for representation)
India's credit guarantee support for exporters will require a budget allocation of Rs 2,000 crore ($227.54 million) for the fiscal year 2026, a government source told reporters on Thursday.
On Wednesday, the country's cabinet approved spending Rs 45,060 crore towards providing support to exporters, including Rs 20,000 crore in credit guarantees on bank loans.
On Wednesday, the country's cabinet approved spending Rs 45,060 crore towards providing support to exporters, including Rs 20,000 crore in credit guarantees on bank loans.
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