 "export finance")
As the Centre is reducing various export subsides, the Commerce Department is pitching for larger funds to develop exports and provide more trade finance, as part of the upcoming Budget. The subsidies form main component of the department’s budgetary allocations.
Under the enhanced Trade Infrastructure for Exports Scheme, the ministry has been promised an allocation of around Rs 50 crore, same as it got last year, sources said. The allocations have been falling over the past two Budgets.
More funds are also expected for the Export Credit Guarantee Corporation (ECGC), for which the government has a lot of plans in
