Minister: Specialised Groups To Address The Banking Problems Of Exporters

Minister: Specialised groups to address the banking problems of exporters

New Delhi, Nov 27, : Centre’s specialised group will address banking problems faced by exporters, according to Dr Bhagwat Kishnao Karad, Union Minister of State for Finance.
The minister spoke at the FIEO Mumbai ‘Banking Conclave on Exports’ on Friday.

 Minister: Specialised Groups To Address The Banking Problems Of Exporters-TeluguStop.com

He announced the formation of several groups to address problems raised by exporters.These groups include FIEO, leading banks and IBA, Ministry of Commerce, Ministry of Finance and Ministry of Finance.

One group focuses on challenges of ecommerce retail exports.

He emphasized the importance of the banking sector in export promotion and facilitation.

He stated that there have been several reforms in the banking sector in recent years, and all banks have successfully implemented them.

He also stated that the Centre is keen to extend the necessary support to the trade and therefore the decision to extend the Emergency Credit Line Guarantee Scheme was made “well in time”.

He also assured that the government is open to discussions and meetings to understand the issues faced by exporters in order to strengthen and support export trade.

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