EEPC asks RBI to help exporters
EEPC India has asked the Reserve Bank of India to help Indian exporters in a scenario where US-China trade tensions are increasing, crude prices are unstable and forex markets are subject to high volatility. This leads to huge cost challenges for Indian exporters, especially the MSMEs.
To help them sustain in this situation, EEPC has requested RBI to ensure low interest rate loans for Indian exporters. EEPC has also requested RBI to enhance the scope of the Interest Equalisation Scheme to cover all MSMEs and not just exporters, so that it does not go against WTO norms.