Where’s the money? Can the Budget pull exporters out of their credit crunch?

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Where’s the money? Can the Budget pull exporters out of their credit crunch? - Economic Times

Quick Summary:

As MSME exporters continue to grapple with access to credit issues, experts believe formalising the sector along with changing lending mindset can provide a lot of respite to the sector.

Also, it can look at increasing the cap on bank lending to NBFCs for on-lending to priority sectors from 5% to 10% as it can significantly boost the credit flow to MSMEs,” he says.

This, in turn, will enable them to offer lower-cost credit to MSMEs.“Among other measures, the Budget can look at expanding access to the corporate bond market, especially for BBB+ to AA-rated NBFCs, can diversify funding sources and reduce borrowing costs.