Budget 2019: Govt proposes hike in allocation for export promotion schemes to Rs 4,115 cr for 2019-20
The schemes which would get additional funds during the next financial year (April 2019 - March 2020) include market access initiative, national export insurance account, gems and jewellery sector, investment in Export Credit Guarantee Corporation and interest subsidy scheme.
Budget 2019: Promoting exports helps a country to create jobs, boost manufacturing and earn more foreign exchange. Image source: Reuters