Scheme for easier export credit to be announced soon: Piyush Goyal

Scheme to ease the availability of export credit, especially for small businesses'

A scheme to augment the availability of export credit — at affordable terms and in sufficient volume — will soon be unveiled, said Commerce and Industry Minister Piyush Goyal. This scheme will include forex credit.
 
The scheme, which aims to ease availability of export credit especially for small businesses, will likely lead to rates dropping to the sub-4 per cent category, said Goyal.
 
He also warned against getting bogged down in numbers that may demotivate exporters. He said there is needless speculation on the government’s target of growing the economy to the $5-trillion level.
 
“Do not get