Union Cabinet approves Credit Guarantee Scheme for Exporters New Delhi, Nov 12 (SocialNews.XYZ) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the introduction of the Credit Guarantee Scheme for Exporters for providing 100 per cent credit guarantee coverage to member lending institutions for extending additional credit facilities up to Rs 20,000 crore to eligible exporters, including MSMEs. The scheme will be implemented by the Finance Ministry’s Department of Financial Services (DFS), through the National Credit Guarantee Trustee Company (NCGTC) Ltd, to provide additional credit support by MLIs to the eligible exporters, including MSMEs.

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