Export Promotion Mission (EPM)

The Union Cabinet Committee approved a six-year-long Export Promotion Mission (EPM) with an outlay of Rs 25,060 crore and a fund allocation of Rs 20,000 crore towards expanding the credit guarantee scheme for exporters.

Key Features

• Priority support for sectors impacted by global tariff escalations, including textiles, leather, gems & jewellery, engineering goods, and marine products.
• Consolidation of export support schemes like Interest Equalisation Scheme (IES) and Market Access Initiative (MAI).
• Aims to sustain export orders, protect jobs, and support diversification into new geographies.

Implementation Period

The mission spans from FY 2025–26 to FY 2030–31, aiming for a comprehensive, flexible, and digitally driven framework for export promotion.

Strategic Shift

• Transition from multiple fragmented schemes to a single, outcome-based, and adaptive mechanism.
• Involvement of various government bodies and industry associations in finalizing the framework.

Sub-schemes

• Niryat Protsahan: Focuses on affordable trade finance for MSMEs through interest subvention, export factoring, and credit enhancement support.
• Niryat Disha: Emphasizes non-financial enablers like export quality support, international branding, and trade intelligence initiatives.

Objectives

• Facilitate trade finance for MSMEs.
• Enhance export readiness and market access for Indian products.
• Boost exports from non-traditional districts and sectors.
• Generate employment across manufacturing, logistics, and allied services.

Credit Guarantee Scheme for Exporters (CGSE)

Approved to provide 100% credit guarantee by the National Credit Guarantee Trustee Company Limited to Member Lending Institutions for additional credit facilities up to Rs. 20,000 crore for eligible exporters, including MSMEs.

Benefits

• Enhances global competitiveness of Indian exporters.
• Supports diversification into new markets.
• Facilitates collateral-free credit access, strengthening liquidity.
• Contributes towards the USD 1 trillion export target and Aatmanirbhar Bharat initiative.

Reasons for Export Promotion

• Exports contribute nearly 21% of GDP as of FY25, playing a critical role in the Indian economy.
• Export-oriented industries employ over 45 million people.
• MSMEs account for nearly 45% of total exports from India.
• Sustained export growth supports India's current account balance and macroeconomic stability.