The Union Cupboard on November 12 authorised Rs 20,000 crore extra for Credit score Assure Scheme for Exporters (CGSE), underneath which the Nationwide Credit score Assure Trustee Firm Ltd (NCGTC) will present full credit score assure protection to banks in further loans to eligible exporters, together with MSMEs. The scheme, which will probably be legitimate until March 31, 2026, shall be applied by Division of Monetary Companies (DFS) by means of Nationwide Credit score Assure Trustee Firm Restricted (NCGTC) to supply further credit score assist by MLIs to the eligible exporters together with MSMEs. A administration committee shaped underneath the chairmanship of Secretary, DFS will oversee the progress and implementation of the scheme.
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