India approves ₹20,000 crore credit guarantee for exporters to boost exports and support jobs.

India’s Union Cabinet has approved a Rs 20,000 crore credit guarantee scheme for exporters, providing 100% coverage to lenders to extend collateral-free loans to eligible exporters, including MSMEs. Implemented by the Department of Financial Services via the NCGTC, the scheme aims to boost liquidity, support export growth, and help achieve the $1 trillion annual export target. It will aid market diversification, sustain jobs in export-dependent sectors, and strengthen economic resilience amid global trade challenges. A management committee will oversee implementation to ensure timely disbursement and accountability.