Specialised groups to address exporters' banking challenges: Minister
New Delhi
27-November-2021
Centre's specialised groups will address banking challenges faced by exporters, said Union Minister of State for Finance, Dr Bhagwat Kishanrao Karad.
Speaking at the 'Banking Conclave on Exports' organised by FIEO in Mumbai on Friday, the minister announced formation of various groups to address the problems raised by exporters and other stakeholders consisting of FIEO, leading banks, IBA, Ministry of Commerce and Ministry of Finance including one on challenges of e-commerce retail exports.
He highlighted the importance of banking sector in promoting and facilitating exports.
He informed that several reforms related to the banking sector have taken place in the recent past, and all the banks have implemented it in a successful manner.
Besides, he said that the Centre is keen on extending the due support to the trade, and therefore the decision on the extension of Emergency Credit Line Guarantee Scheme (ECLGS) was taken "well in time".
Furthermore, he assured the government is open for discussions and meetings to understand the challenges faced by the exporters, so as to strengthen and support the export trade. -IANS
More Headlines
Mumbai Dethrones Beijing as Asia's Billionaire Capital, India Climbs to Third Globally
Jungle House: A Royal Summer Getaway Perched Amidst Shimla's Ancient Woods
Kangana Ranaut In Mandi Says Politics For Her Is A Way To Work For Society
Bizarre Poll Promise By Trinamool's Celebrity Candidate Draws Criticism
Mining Baron-Turned-Politician Janardhan Reddy Merges Party with BJP Ahead of Lok Sabha Elections
Mumbai Dethrones Beijing as Asia's Billionaire Capital, India Climbs to Third Globally
Jungle House: A Royal Summer Getaway Perched Amidst Shimla's Ancient Woods
Kangana Ranaut In Mandi Says Politics For Her Is A Way To Work For Society
Bizarre Poll Promise By Trinamool's Celebrity Candidate Draws Criticism
Mining Baron-Turned-Politician Janardhan Reddy Merges Party with BJP Ahead of Lok Sabha Elections