EXIM Bank launches new initiative to boost MSME exports

In a push to simplify India's problems in the micro, small, and medium enterprises (MSME), the Export-Import Bank of India (EXIM Bank) has unveiled a new scheme that will help take away these export-related challenges from smaller firms. Enhanced credit access, technological support, and market development assistance will be introduced to help MSMEs overcome obstacles in global trade. This initiative follows a long-standing trend of troubles for the sector, including insufficient funding options and intricate export procedures. By helping solve these issues, EXIM Bank aims to increase the competitiveness of Indian MSMEs in the international markets and contribute towards India's growth in exports.
Source: The Dollar Business Magazine