Modi Govt Unveils Rs 7,295 Cr Export Scheme: Boost for MSMEs, Collateral-Free Loans

• Central government launches a Rs 7,295 crore scheme for exporters over six years (2025-2031) to provide easy loans and low-interest investment.
• Rs 5,181 crore allocated for interest subvention, offering up to 2.75% benefit for MSMEs on pre/post-shipment loans (max Rs 50 lakh/year).
• Rs 2,114 crore for credit guarantee support, enabling MSME exporters to get up to Rs 10 crore collateral-free working capital loans.
• Scheme overseen by Reserve Bank and Directorate General of Foreign Trade, targeting select goods like defense products and special chemicals.
• Aims to boost foreign exchange, employment, and global recognition for domestic products, excluding prohibited goods and PLI beneficiaries.

Why It Matters: New Rs 7,295 Cr scheme offers exporters, especially MSMEs, easy loans & collateral-free credit to boost exports.