The Centre is working on a proposal to meet the short-term credit needs of e-commerce exporters and offer support to those having warehouses abroad. The Commerce Department has proposed a credit card on the lines of the Kisan Credit Card, where the borrowing cost of exporters would be lower as compared to 15-18% now. A note for the Expenditure Finance Committee’s approval is in the works as the government seeks to push exports which were flat in FY25. The proposal is designed to help e-commerce exporters with their short-term credit needs amid increasing global trade turmoil and uncertainty over new US import tariffs. The government is keen to increase Indian exports to boost domestic manufacturing and enhance employment opportunities in India. The proposed schemes could run for between five and six years and also include branding initiatives, as per a report. Source: Exim News Service: New Delhi, April 28
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