EXIM Bank provides Rs 650 cr to 49 MSMEs
Export-Import (EXIM) Bank of India, a premier export finance institution of the country, has so far supported 49 MSMEs (micro, small & medium enterprises) across the country by providing Rs 650 crore(fund and non-fund based) under Ubharte Sitaare Programme (USP).
image for illustrative purpose
Hyderabad Export-Import (EXIM) Bank of India, a premier export finance institution of the country, has so far supported 49 MSMEs (micro, small & medium enterprises) across the country by providing Rs 650 crore(fund and non-fund based) under Ubharte Sitaare Programme (USP). This programme was launched two years ago to empower the exporters from the MSME sector.
Under this programme, an identified company should have potential advantages by way of technology, product or process. It can be supported even if it is currently underperforming or may be unable to tap its latent potential to grow. The USP diagnoses such challenges and provides structured support and technical assistance.
Supporting the growth of innovative export-oriented companies, the USP fund is a mix of both debt and equity investments. The bank is nurturing the future export champions from the MSME segment.
