India's Union Cabinet has approved the Credit Guarantee Scheme for Exporters (CGSE), a financial initiative designed to provide credit support to the nation's export sector. The scheme provides 100% credit guarantee coverage through the National Credit Guarantee Trustee Company Limited (NCGTC) to Member Lending Institutions (MLIs), enabling them to extend additional credit facilities of up to Rs. 20,000 crore to eligible exporters, including both MSMEs and non-MSME entities.
