Govt Unveils ₹7,295 Cr Export Aid: Boost for MSMEs Amidst Global Slowdown

• Government announces a ₹7,295 crore export assistance package for Indian exporters, especially MSMEs.
• Package aims to alleviate financing problems, provide cheaper loans, and better guarantee support.
• Comprises ₹5,181 crore interest subvention scheme and ₹2,114 crore export credit guarantee support.
• Schemes will run for six years (2025-2031); interest subsidy up to 2.75% for eligible MSME exporters.
• RBI and DGFT to issue detailed guidelines and implement the schemes to boost exports.

Why It Matters: Government's ₹7,295 Cr package offers crucial financial relief and support to Indian exporters.