NEW DELHI: The government is framing schemes for MSME exporters to provide credit at easy terms, promote alternate financing instrument through strengthening factoring services for them, and offer assistance to deal with non-tariff measures imposed by other countries, an official said on Tuesday.
The commerce, MSME and finance ministries are working on these schemes, Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said.
These schemes are being formulated under the export promotion mission, announced in the Union Budget for 2025-26. The schemes are expected to be rolled out in about four-five months, he said.
The government on February 1 announced the setting up of an Export Promotion Mission with an outlay of `2,250 Crore to promote the country’s outbound shipments. Finance Minister Nirmala Sitharaman has said through the mission, the government will facilitate exporters to get easy access to credit, and cross-border factoring support.
With inputs from PTI
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