Enhancing the scope of Export Credit Insurance Scheme (ESIC) by Export Credit Guarantee Corporation of India (ECGC) will help lower the overall export credit cost including interest rates particularly for micro, small and medium enterprises (MSME), said Sharad Kumar Saraf, President, FIEO. The initiative, which is part of the new scheme —  Nirvik announced by the Finance Minister Nirmala Sitharaman last week in order to boost exports by giving more credit access to exporters, will provide much-needed support to them for exporting to countries with little or more risks, according to Saraf.

https://www.financialexpress.com/industry/sme/msmes-overall-export-credit-cost-to-be-reduced-with-new-loan-scheme-for-exporters-says-fieo/1709091/

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