A new collateral-free, pre-shipment loan scheme for SME and e-commerce exporters is in the works as India eyes $2 trillion, or about Rs 168 lakh crore, in exports by 2030. The move comes at a time when India’s goods exports rose a meager 0.5% year on year in September. The scheme will primarily offer collateral-free loans to exporters to cover costs associated with producing goods, based on their track record.
A new collateral-free, pre-shipment loan scheme for SME and e-commerce exporters is in the works as India eyes $2 trillion, or about Rs 168 lakh crore, in exports by 2030. The move comes at a time when India’s goods exports rose a meager 0.5% year on year in September. The scheme will primarily offer collateral-free loans to exporters to cover costs associated with producing goods, based on their track record.