Question
The government had introduced a scheme to ensure the
easy availability of credit to exporters while reducing export-associated risks. Which of the following is this scheme?Solution
The Export Credit Guarantee Scheme (ECGS) ensures the easy availability of credit to exporters and reduces risks associated with exports. It is one of the key initiatives of the Ministry to support exporters. Additionally, other schemes like the Interest Equalisation Scheme, TIES, MAI, and RoSCTL aim to assist exporters by providing financial support, improving trade infrastructure, and offering tax rebates
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