New Delhi, Jan. 1 -- The Central Government has made the Credit Guarantee Scheme for Exporters (CGSE) operational from December 1, to strengthen liquidity support for exporters, particularly micro, small and medium enterprises, amid challenging global economic conditions.
The scheme has been rolled out through the Jan Samarth Portal and is being implemented by the Department of Financial Services in coordination with the National Credit Guarantee Trustee Company. It aims to enhance access to credit for exporters by providing a 100 per cent guarantee cover on additional working capital loans extended by banks and financial institutions.
Under the scheme, eligible exporters can avail collateral-free additional credit of up to 20 per cent of...