India Plans Credit Guarantees to Support Exporters Amid US Tariffs
India is considering introducing credit guarantees to help small businesses and exporters cope with the anticipated impact of the recently announced 50 per cent US tariffs on 55 per cent of the countrys merchandise exports.
Industry sources told CNBC-TV18 that the government may allocate around Rs 4,000 crore for the initiative, offering 10 15 per cent credit guarantees to banks for loans to exporters with an annual turnover below Rs 500 crore and loans overdue for up to 90 days...
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