The central government is in the final stage of consultations on the proposed Credit Guarantee Scheme for Exporters (CGSE), with a crucial meeting scheduled on December 10 involving key export promotion councils, a source in the know of the matter said.

The scheme is expected to be operational by the end of this month, with key features, such as whether it will mirror the earlier Emergency Credit Line Guarantee Scheme (ECLGS), applicable interest rates, moratorium period, eligibility, and the processing mechanism, still under discussion, the source added.

The ECLGS was a COVID-19 relief initiative launched by the government in 2020 to support MSMEs, businesses, and other eligible entities impacted by the pandemic.

“The CGSE is likely to be implemented by this month. It is the last leg o

See Full Page