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Tag: maritime development fund

Union Budget 2025: Government to set up Export Promotion Mission with an outlay of ₹2,250 crore

Posted on February 1, 2025 By admin
Union Budget 2025: Government to set up Export Promotion Mission with an outlay of ₹2,250 crore

Photo used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The Union Budget announced an Export Promotion Mission with an outlay of ₹2,250 crore to facilitate easy access to export credit, cross-border factoring support, and help MSMEs tackle non-tariff measures in overseas markets. The Mission, with sectoral and ministerial targets, will be driven jointly…

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Budget proposes Maritime Development Fund with ₹25,000-crore corpus

Posted on February 1, 2025 By admin
Budget proposes Maritime Development Fund with ₹25,000-crore corpus

Image used for representational purpose. | Photo Credit: Reuters The Union Budget presented by Finance Minister Nirmala Sitharaman on Saturday (February 1, 2025) made some significant proposals for promoting indigenous ship building as also acquisition of Indian-flagged ships. Among them, the Budget has proposed the setting up of a Maritime Development Fund (MDF) to support…

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