Question : Foreign Exchange Loan to Exporters

(a) whether the Government proposes to provide foreign exchange loan at cheaper rate of interest to the exporters;
(b) if so, the details thereof and the steps taken by the Government in this regard; and
(c) if not, the reasons therefor?

Answer given by the minister

THE MINISTER OF COMMERCE AND INDUSTRY
(SHRI PIYUSH GOYAL)

(a) Yes, Sir.

(b) & (c) Government is considering a proposal to provide higher insurance coverage to the Banks on their export-credit-disbursement and it is expected that it will enable Banks to revise their lending rate for export credit and to provide foreign exchange loan at cheaper rate of interest.

The proposal is presently under consideration.
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