New Delhi, Nov. 12 -- The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the launch of the Credit Guarantee Scheme for Exporters (CGSE), a release said.

This will enable National Credit Guarantee Trustee Company Limited (NCGTC ) to provide 100 per cent credit guarantee coverage to Member Lending Institutions (MLIs) to provide additional credit facilities of up to Rs 20,000 crore to eligible exporters , including MSMEs, it added.

The scheme will be implemented by the Department of Financial Services (DFS ) through the National Credit Guarantee Trustee Company Limited (NCGTC ) to provide additional credit support to eligible exporters, including MSMEs, through MLIs. A Management Committee, chaired by the DFS...