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    <title>Union Minister of Commerce and Industry Chairs Meeting on Export Credit</title>
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    <description>Availability of export credit at competitive rates was made a policy priority, directing coordinated action by banks, RBI, EXIM Bank and ECGC to restore and expand foreign currency lending to exporters, propose competitive floating rate lending with limited spread, use interest subvention as a backstop to broaden guarantee coverage, and study refinance and swap options from foreign currency reserves to support bank lending.</description>
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