High interest rates big deterrent for MSME exporters ; working with finmin on this: DGFT

Posted under: SMB
Date: 2024-12-19
High Interest Rates Challenge MSME Exporters: Justo Global Discusses Solutions with DGFT

High interest rates are hindering exporters, prompting the commerce ministry to work with the finance ministry on solutions, including the Interest Equalisation Scheme (IES), according to Director General of Foreign Trade Santosh Kumar Sarangi. The commerce department faces challenges convincing the finance ministry of IES's importance in supporting manufacturing and exports.