Govt mulls 4 schemes to help exporters facing US tariff

The Centre is preparing a package of support measures for exporters reeling under Washington’s steep tariff hike. According to officials, the plan could involve as many as four schemes, most of them centred on credit and liquidity support, to soften the impact of the 50% punitive duty imposed by the Donald Trump administration on Indian-origin goods. It will be in line with the credit guarantee schemes announced during the Covid period, especially for the micro, small and medium enterprises (MSMEs). The idea is to ensure that small firms in labour-intensive sectors, such as textiles, apparel, gems and jewellery, leather and footwear, engineering goods and agri-marine exports, can withstand the tariff blow. The measures are aimed at easing working capital stress, keeping jobs intact and giving exporters time to tap new markets, as per a report.

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