NEW DELHI (Reuters) -India’s credit guarantee support for exporters will require a budget allocation of 20 billion rupees ($227.54 million) for the fiscal year 2026, a government source told reporters on Thursday.
On Wednesday, the country’s cabinet approved spending 450.6 billion rupees towards providing support to exporters, including 200 billion rupees in credit guarantees on bank loans.
($1 = 87.8950 Indian rupees)
(Reporting by Nikunj Ohri; Writing by Surbhi Misra; Editing by Jacqueline Wong)
