The Union Cabinet on Wednesday approved the introduction of a Credit Guarantee Scheme for Exporters (CGSE) for providing 100% credit guarantee coverage by National Credit Guarantee Trustee Company Ltd (NCGTC) to Member Lending Institutions (MLIs) for additional credit facilities up to ₹ 20,000 crores to eligible exporters, including MSMEs.

The scheme aims to provide 100% guarantee on coverage for the additional credit facility extended to the exporters in need of additional working capital to tide over any short-term mismatches and to explore new potential markets.

The government has released the following scheme guidelines for CGSE:

Implementing Agency: National Credit Guarantee Trustee Company (NCGTC)

Date of Commencement: The guidelines shall come into force from the date of issu

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