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 against a target of Rs 1,668 crore laid out in the service area credit plan
64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> 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.