Expressing concerns over fall in export credit, Commerce and Industry Minister Piyush Goyal on Thursday said the government will soon come out with guidelines on extending foreign exchange credit to exporters at affordable rates.
“We are concerned that it (export credit) has fallen, and will come up with the contours of a vibrant programme (to address the issue) soon, which will particularly support micro, small and medium enterprises,” Goyal said while addressing the meeting of the Board of Trade here.
The programme, more importantly, will make foreign exchange credit available to exporters at competitive rates, he said, adding that the rates were likely to be in the sub-four per cent category.
He said the Ministry was waiting for Finance Minister Nirmala Sitharaman to take a call on some of the issues on export credit.
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