India Unleashes Rs 25,000 Cr Export Mission! Massive Boost for Businesses Facing Tariffs?

Economy

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Updated on 12 Nov 2025, 03:25 pm

The Prime Minister Narendra Modi-led Union Cabinet has given its nod to the Export Promotion Mission (EPM), a comprehensive initiative backed by an outlook of Rs 25,060 crore. This mission, designed to run from FY 2025-26 to FY 2030-31, aims to simplify and enhance India's export ecosystem through an adaptable, digital-first approach. It will merge existing key export support schemes, such as the Interest Equalisation Scheme (IES) and Market Access Initiative (MAI), to align with current trade needs.

Priority support under EPM will be directed towards sectors experiencing significant global tariff escalations, including textiles, leather, gems & jewellery, engineering goods, and marine products. The goal is to maintain export orders, safeguard jobs, and encourage diversification into new international markets.

The EPM is structured around two integrated sub-schemes: 'Niryat Protsahan' focusing on affordable finance for MSME exporters (like interest subvention, credit cards for e-commerce, and collateral support) and alternative trade instruments; and 'Niryat Disha' which supports export quality compliance, market access initiatives, warehousing, branding, and trade intelligence.

Impact This mission is poised to significantly bolster India's export competitiveness by addressing structural challenges such as limited access to affordable trade finance, high compliance costs, fragmented market access, and logistical disadvantages. It is expected to enhance MSME export readiness, improve market visibility, boost exports from less traditional regions, and generate substantial employment. The expanded Credit Guarantee Scheme for Exporters, providing up to Rs 20,000 crore in credit, will further improve liquidity and operational continuity for exporters, aligning with the goal of achieving a $1 trillion export target and promoting self-reliance.

Rating: 9/10

Difficult Terms Export Promotion Mission (EPM): A new government initiative to boost India's exports by consolidating various support schemes into one digital platform. Interest Equalisation Scheme (IES): A scheme that provides interest subvention (subsidy) on pre- and post-shipment credit to eligible exporters to reduce their financing costs. Market Access Initiative (MAI): A scheme to assist exporters in accessing international markets through various promotional activities. MSME Exporters: Micro, Small, and Medium Enterprise exporters who are smaller businesses contributing significantly to the economy. Niryat Protsahan: A sub-scheme under EPM focusing on financial support and credit access for exporters. Niryat Disha: A sub-scheme under EPM focused on improving export quality, market access, branding, and logistics. National Credit Guarantee Trustee Company Limited (NCGTC): An entity that provides credit guarantees to financial institutions, thereby reducing their risk when lending to MSMEs and other businesses. Department of Financial Services (DFS): A department under the Ministry of Finance that deals with financial sector policy and regulation. Member Lending Institutions (MLIs): Banks and other financial institutions that provide credit facilities to exporters. Aatmanirbhar Bharat: A Hindi term meaning 'self-reliant India', a vision for India's economic independence.