SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Commerce Minister urges Arun Jaitley to consider more bank credit for exporters

21 Sep 2018 Evaluate

Raising concerns over declining export credit, Commerce Minister Suresh Prabhu has suggested the Finance Minister Arun Jaitley to consider loans to exporters as priority sector lending by the banks. The minister also urged for strict timelines for grant of credit including the renewal of limits.

Prabhu cited RBI data which shows outstanding export credit fell by over 40% to Rs 22,300 crore on June 22 this year from Rs 39,000 crore as on June 23 last year. Besides, the data also shows that outstanding export credit fell by over 20% to Rs 28,300 crore as on March 30 as against Rs 22,300 crore as on June 22 this year.

Commerce Minister also underlined the impacts of declining export credit on exporters and MSME units in particular and requested Arun Jaitley to kindly have suitable instructions issued to banks to restore the flow of credit to the export sector to its expected regular levels, based on the required increase over recent peak levels, to factor in export growth currently taking place.
 

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: