Governments have come forward to provide Rs 5000 crore to exporters.

Governments have come forward to provide Rs 5000 crore to exporters.

Indian exports fell 16 percent in October to a 20-month low.
If this continues, it will definitely affect the Indian economy.
Realizing this, the central government has taken various measures to promote exports.
The central government is trying to focus African countries due to economic crises in American and European countries.
The central government is trying to provide loan guarantees to African countries through the Export Credit Guarantee Corporation.
It has also decided to select around 50 districts that excel in exports in India and provide financial assistance of Rs 3000 crore to Rs 5000 crore to the exporters exporting in those districts.
In this, the share of central government will be 60% and the share of state government will be 40%.
Private exporters in selected districts can also benefit from this.
It is expected that the Union Cabinet will give its approval before the budget session.
It is likely that this financing measure will be included in the foreign trade policy when it is implemented in April.

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