and textiles and leather will be organised and states have been asked to apply for this so far uttar pradesh has requested to organise handicrafts festival talking about foreign exchange credit he said that state bank of india and ecgc together have a developed a concept under nirvik scheme under this for all exporters sbi will make available dollar denominated funds to all the banks which face issues in raising funds banks have agreed that they will lend these funds at libor plus 150 basis points rate which will be around 35 per cent to exporters the minister said urging banks to offer this foreign exchange funds to exporters with all these measures goyal said there should be no complain from exporters that are facing issues in getting funds at affordable rates and easy terms these are the lowest rates and government will not have to give interest subventions he said i do hope to see significant improvements in credit availability for exporters the minister said adding the measures would help boost exports and achieve usd one trillion for exports pti published on aug 10 2020 at 0507 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etretail app get realtime updates save your favourite articles scan to download app insurance cover gold nirvik jewellery insurance premium rates export credit gurantee corporation of india textiles piyush goyal exporters homenewsindustrygovt to cut insurance premium rates for small exporters piyush goyal