Question
What is a unique feature of the āUbharte Sitaareā
project funding product for export-oriented MSMEs?Solution
The āUbharte Sitaareā project funding product is specially designed for export-oriented MSMEs to enhance their competitiveness through: ā¢ Modernization, product diversification, technology upgradation, and R&D support. ā¢ A unique feature: availability of joint financing in partnership with EXIM Bank. ā¢ Additional benefits include technical assistance, mentorship, equity support, performance-linked interest incentives, and foreign currency term loans. Eligibility covers both new and existing export-focused enterprises with solid fundamentals and international market strategies, provided they have no defaults with banks or financial institutions.
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