New Delhi- In a bid to promote exports, Union Cabinet on Wednesday approved introduction Credit Guarantee Scheme for Exporters (CGSE) for providing 100 per cent credit guarantee coverage by National Credit Guarantee Trustee Company Ltd (NCGTC) to Member Lending Institutions (MLIs) for extending additional credit facilities up to Rs 20,000 crore to eligible exporters, including MSMEs.

The scheme shall be implemented by Department of Financial Services (DFS) through NCGTC to provide additional credit support by MLIs to the eligible exporters, including MSMEs, Information and Broadcasting Minister Ashwini Vaishnaw said while briefing Cabinet meeting decision headed by Prime Minister Narendra Modi.

A management committee formed under the chairmanship of secretary, DFS, will oversee the prog

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