Exporters fret over dip in credit as costs soar

Over the past two years, credit to exporters has decreased by 5%, despite economic growth. Priority sector lending for exports has fallen by 41%, leading the commerce department to engage with RBI and the finance ministry. Exporters face significant challenges due to high logistics costs and credit expenses, necessitating additional funding support.

Exporters fret over dip in credit as costs soar

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Over the past two years, credit to exporters has decreased by 5%, despite economic growth. Priority sector lending for exports has fallen by 41%, leading the commerce department to engage with RBI and the finance ministry. Exporters face significant challenges due to high logistics costs and credit expenses, necessitating additional funding support.