Exim Bank receives trade funds to help SMEs
A $60 million trade fund will allow the Export-Import Bank of India to give short-term trade support to small and medium enterprises (SMEs). The fund will be equally shared by the International Finance Corporation (IFC) and Bank of Tokyo-Mitsubishi UFJ.
Exim Bank will provide competitive trade financing for India’s export sector, especially SMEs that suffered from reduced access to foreign-currency financing in the current economic crisis.
With economies of Europe and US are hard-hit by recession, SMEs in India has also witnessed decline in the last three quarters of 2008. The strong linkage with agricultural sector is one reason for micro, small and medium enterprises’’ (MSMEs) economic recession. But it would...
A new national level call-centre, named Udayami Helpline is about to be launched to help entrepreneurs of the country seek information and to redress their grievances. The call centre is given a single window model with a single toll-free number to serve entrepreneurs in India. U...
