NEW DELHI, Jan 3: The Federation of Indian Export Organisations (FIEO) has welcomed two key interventions under the ‘Niryat Protsahan’ sub-scheme to boost MSME exports by providing easier and affordable access to trade finance.
The first intervention offers interest subvention of 2.75% on pre- and post-shipment rupee export credit from eligible lenders, with additional incentives for exports to under-represented or emerging markets.
It covers nearly 75% of India’s tariff lines, with an annual cap of Rs 50 lakh per exporter.
The second intervention provides collateral guarantee support in partnership with the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), covering up to 85% for micro and small exporters and 65% for medium exporters, with a maximum exposure of Rs 10 crore per exporter annually.
Both measures aim to lower credit costs, expand finance access, and strengthen India’s MSME competitiveness globally. (IANS)
