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Last updated: 10 Jan, 2019  

Prabhu.9.Thmb.jpg 'Govt mulls transport subsidy for states to push agri exports'

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SME Times News Bureau | 10 Jan, 2019

Commerce Minister Suresh Prabhu on Thursday said the government is planning transport subsidy to states in a bid to promote agricultural exports.

Speaking after a meeting in New Delhi of the Council for Trade Development and Promotion (CTDP), Prabhu said that this was among the various issues discussed at the CTDP meeting.

"We are considering to give transport subsidy to states. It is under active consideration to promote agriculture exports," Prabhu said.

Prabhu added that the Union Financial Services Secretary would meet with banks on credit issues being faced by exporters.

"Lending to exporters should be treated as a priority sector credit as funding to them has declined significantly in the recent past," he said.

Representatives from 10 states and union territories attended the meeting, while Ministers from Arunachal Pradesh, Assam, Karnataka, Odisha, Tamil Nadu, Punjab, Nagaland, Uttarakhand and Uttar Pradesh addressed the participants, a Commerce Ministry release said.

 
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