India plans credit guarantees for small firms, exporters hit by US tariffs, sources say
NEW DELHI/MUMBAI, Aug 11 (Reuters) – India is planning to provide credit guarantees for loans overdue up to 90 days to small businesses and exporters, amid higher tariffs imposed by the U.S., two government sources told Reuters.The federal finance ministry has proposed to provide 10%-15% credit guarantees to banks for advancing loans to stressed small … Read more