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Our Bureau

New Delhi April 19 The Government has urged the Reserve Bank of India (RBI) to direct scheduled commercial banks to earmark at least 50 per cent of the export credit finance for small and medium exporters, the Commerce Secretary, Mr G.K. Pillai said here on Thursday.

This is expected to come as some relief for small and medium exporters, who are now faced with lower export realisation on account of strengthening of rupee against the dollar.

The Commerce Secretary said at the briefing of the annual supplement to the foreign trade policy that large corporates usually corner most of the 15 per cent amount allotted for export credit by commercial banks.

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