The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the Credit Guarantee Scheme for Exporters (CGSE) to provide up to ₹20,000 crore in collateral-free credit support to exporters, including MSMEs, through 100 percent credit guarantee coverage by the National Credit Guarantee Trustee Company Limited (NCGTC).

The new scheme aims to strengthen exporters’ access to working capital, support market diversification, and enhance India’s global trade competitiveness. It is also expected to play a key role in the country’s efforts to achieve the USD 1 trillion export target, while supporting employment and liquidity across export-oriented sectors.

The Department of Financial Services (DFS) will implement the scheme through NCGTC, with Member Lending Institutions (MLIs)

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