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India allocates ₹2,000 crore export-credit guarantee to bolster overseas shipments in FY26
India earmarks ₹2,000 crore for FY26 export-credit guarantees as part of a larger ₹45,060 crore boost to support exporters amid global trade stress.
The Indian government plans a budget allocation of ₹2,000 crore (about US$227.5 million) for FY26 to expand its export-credit guarantee scheme, supporting bank loans extended to exporters, according to sources. The move complements a broader package of ₹45,060 crore approved this week to ramp up export competitiveness amid rising global headwinds. The guarantee facility aims to cover defaults by overseas buyers and enhance working-capital access for export-oriented SMEs.
Policy makers hope the initiative will sustain export growth and jobs as trade tensions and currency pressures persist.