As export volumes across varioussectorsdeclined in the pandemic year, only 62.11% of the export credit targets were met in the pandemic year. The export credit in 2020-21 stood at Rs 1,036 crore
href="https://www.youtube.com/channel/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1" target="_blank" class="youtube-subscribe-button"> Subscribe on YouTubeOnly 62% of export credit target met in pandemic year
Interestingly, barely 5% of the targeted accounts under SACP 2020-21 have sought credit, according to the SLBC report. Bankers said that export credit has gone down as exports across major sectors took long to recover in the subsequent quarters.