Rs 33.6 Billion Export Credit Sanctioned Under CGSE

14 Jan 2026 CW Team

The scheme, approved by the Union Cabinet on November 12, provides 100 per cent credit guarantee cover through the National Credit Guarantee Trustee Company Ltd to member lending institutions for extending additional credit facilities of up to Rs 200 billion to eligible exporters, including micro, small and medium enterprises.

CGSE was made operational on December 1, 2025, enabling banks and financial institutions to extend additional financial assistance to Indian exporters during a period of external headwinds, with the objective of helping them diversify markets and enhance global competitiveness.

According to the Department of Financial Services, applications worth Rs 87.65 billion across 1,840 proposals had been received by January 2, 2026, of which Rs 33.62 billion covering 774 applications had been sanctioned by lenders.

Implemented by the Department of Financial Services, the CGSE will remain valid until March 31, 2026, or until guarantees worth Rs 200 billion are issued.

The department also highlighted progress under the Mutual Credit Guarantee Scheme for MSMEs, which provides credit guarantees to incentivise lenders to extend additional credit facilities of up to Rs 1 billion per borrower for the purchase of plant, machinery and equipment. As of December 2025, banks had sanctioned Rs 168.36 billion against around 896,000 applications under the scheme.

Sharing broader banking sector performance, the department said scheduled commercial banks recorded their highest-ever aggregate net profit of Rs 40.1 billion. Public sector banks posted a record aggregate net profit of Rs 17.8 billion in 2024–25, while net profit during the first half of 2025–26 stood at Rs 9.4 billion.

Global deposits and advances of public sector banks rose from Rs 719.5 billion and Rs 561.6 billion in March 2015 to Rs 1,462.7 billion and Rs 1,148.5 billion, respectively, by September 2025.

The gross non-performing asset ratio of public sector banks declined to 2.30 per cent, equivalent to Rs 26.5 billion, in September 2025, compared with 4.97 per cent, or Rs 27.9 billion, in March 2015, and a peak of 14.58 per cent, or Rs 89.6 billion, in March 2018. The capital adequacy ratio of public sector banks also improved by 451 basis points to 15.96 per cent in September 2025 from 11.45 per cent in March 2015.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Lenders have sanctioned Rs 33.62 billion to 774 applicants under the Rs 200 billion Credit Guarantee Scheme for Exporters (CGSE) within a month, aimed at supporting exporters facing pressure from steep US tariffs. The scheme, approved by the Union Cabinet on November 12, provides 100 per cent credit guarantee cover through the National Credit Guarantee Trustee Company Ltd to member lending institutions for extending additional credit facilities of up to Rs 200 billion to eligible exporters, including micro, small and medium enterprises. CGSE was made operational on December 1, 2025, enabling banks and financial institutions to extend additional financial assistance to Indian exporters during a period of external headwinds, with the objective of helping them diversify markets and enhance global competitiveness. According to the Department of Financial Services, applications worth Rs 87.65 billion across 1,840 proposals had been received by January 2, 2026, of which Rs 33.62 billion covering 774 applications had been sanctioned by lenders. Implemented by the Department of Financial Services, the CGSE will remain valid until March 31, 2026, or until guarantees worth Rs 200 billion are issued. The department also highlighted progress under the Mutual Credit Guarantee Scheme for MSMEs, which provides credit guarantees to incentivise lenders to extend additional credit facilities of up to Rs 1 billion per borrower for the purchase of plant, machinery and equipment. As of December 2025, banks had sanctioned Rs 168.36 billion against around 896,000 applications under the scheme. Sharing broader banking sector performance, the department said scheduled commercial banks recorded their highest-ever aggregate net profit of Rs 40.1 billion. Public sector banks posted a record aggregate net profit of Rs 17.8 billion in 2024–25, while net profit during the first half of 2025–26 stood at Rs 9.4 billion. Global deposits and advances of public sector banks rose from Rs 719.5 billion and Rs 561.6 billion in March 2015 to Rs 1,462.7 billion and Rs 1,148.5 billion, respectively, by September 2025. The gross non-performing asset ratio of public sector banks declined to 2.30 per cent, equivalent to Rs 26.5 billion, in September 2025, compared with 4.97 per cent, or Rs 27.9 billion, in March 2015, and a peak of 14.58 per cent, or Rs 89.6 billion, in March 2018. The capital adequacy ratio of public sector banks also improved by 451 basis points to 15.96 per cent in September 2025 from 11.45 per cent in March 2015.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..