New Delhi, March 6 -- The government is formulating schemes to provide credit on favorable terms to MSME exporters and offer assistance to address non-tariff measures imposed by other countries that have emerged as barriers to India's merchandise exports, according to Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi, who spoke at a post-Budget webinar on Tuesday.

Sarangi revealed that the Commerce, MSME, and Finance Ministries are collaboratively developing these initiatives under the export promotion mission announced in the Union Budget for 2025-26.

The DGFT highlighted a significant gap in export credit availability, noting that as a percentage of total merchandise exports, it currently stands at only 28.5 percent in In...