MSMEs’ Exports in 2017-18 Reached USD 147,390.08 Million: Giriraj Singh

While replying to a question in Lok Sabha, Minister of State for Micro, Small and Medium Enterprises, Giriraj Singh, said that value of MSME related products’ exported during 2017-18 has reached USD 147,390.08 million.

As per the information received from Directorate General of Commercial Intelligence and Statistics (DGCIS), exports of MSME products has reached USD 147,390.08 million during 2017-18, Singh said to a question in Lok Sabha.

Singh further informed that the Government has taken several measures to enhance exports by MSMEs.

These include efforts made under Make in India Programme, Promotion of Ease of Doing Business, improved availability of credit through MUDRA, Stand up India, schemes such as 'Merchandise Exports from India Scheme' (MEIS) for incentivising export of specified goods to specified markets and 'Service Exports from India Scheme' (SEIS), etc.

H also mentioned about 2 percent interest subvention for all GST registered MSMEs on fresh or incremental loans and increase in interest rebate from 3 percent to 5 percent for exporters who receivepre-shipment and post-shipment loans.