Quick Summary
Cabinet approves Credit Guarantee Scheme for Exporters (CGSE) Up to Rs. 20,000 crore collateral-free credit support envisaged 100% credit guarantee through NCGTC Benefits to both MSME non-MSME exporters Supports liquidity, market diversification, employment, and enhance global competitiveness of Indian exporters The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi today approved introduction of Credit Guarantee Scheme for Exporters (CGSE) for providing 100% credit guarant
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FAQ :
The CGSE is a scheme approved by the Union Cabinet to provide 100% credit guarantee coverage to Member Lending Institutions (MLIs) for extending additional credit facilities of up to Rs 20,000 crore to eligible exporters.
The scheme envisages up to Rs 20,000 crore in collateral-free credit support for eligible exporters.
The scheme will be implemented by the Department of Financial Services (DFS) through the National Credit Guarantee Trustee Company Limited (NCGTC).
The scheme aims to enhance global competitiveness, support diversification into new markets, strengthen liquidity, ensure smooth business operations, and promote employment.
No, the scheme is designed to benefit both MSME and non-MSME eligible exporters.
By enabling collateral-free credit access, the scheme is expected to strengthen liquidity and support India's progress towards achieving its USD 1 trillion export target and the 'Aatmanirbhar Bharat' initiative.
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