New Delhi, Jan. 2 -- The Directorate General of Foreign Trade (DGFT) has issued details of key financial support measures under the 'NIRYAT PROTSAHAN' initiative, aimed at strengthening export competitiveness of Micro, Small and Medium Enterprises (MSMEs).

The initiative focuses on improving access to affordable export credit and reducing financial constraints faced by MSME exporters.

As per the briefing addressed by Ajay Bhadoo, Additional Secretary, Ministry of Commerce and Industry and Lav Agarwal, Additional Secretary & Director General, DGFT, one of the major components is the Interest Subvention for Pre- and Post-Shipment Rupee Export Credit, which enables MSME exporters to avail export finance at rates below market interest level...