"I am concerned about chemicals, textiles, engineering and leather which need interest subvention. I am going to take it up with the Finance Minister. We are looking at continuation of interest subvention for some of these sectors," Sharma told reporters here.
The two-per cent interest subsidy (interest subvention) scheme was to expire on March 31, 2010, but in the Budget, Mukherjee has proposed to extend it for handicrafts, carpets, handlooms and SMEs for one more year.
Earlier, the scheme covered more sectors including leather, textile, gems and jewellery.
Apex exporters body Federation of Indian Export Organisations (FIEO) has also approached the Finance Ministry for the subsidised credit to these sectors.
On overall exports, Sharma expressed hope that shipments would at least total USD 165 billion this fiscal. "I do hope our exports this year should not be less than USD 165 billion against USD 185 billion in 2008-09," he said.
Exports that went into red from October 2008 onwards in the wake of global demand slowdown have started rebounding since November 2009.
PTI
Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.
