Syllabus: GS3/Economy
Context
- The Government has approved the Export Promotion Mission (EPM) with ₹25,060 crore to boost exports, especially for MSMEs and labour-intensive sectors.
Export Promotion Mission
- In the Union Budget for 2025-26, the Finance Minister announced an Export Promotion Mission.
- It would facilitate easy access to export credit, cross-border factoring support, and support to MSMEs to tackle non-tariff measures in overseas markets.
- Time Span: EPM will span six years covering FY 2025-26 to FY 2030-31.
- Ministries and Institutions: The Department of Commerce, Ministry of MSME, Ministry of Finance, Export Promotion Councils, Commodity Boards, financial institutions, industry associations and state governments.
- Implementing Agency: The Directorate General of Foreign Trade (DGFT), as the implementing agency via a dedicated digital platform integrated with existing trade systems.
- Two Integrated Sub-Schemes: Niryat Protsahan & Niryat Disha.
- Under EPM, priority support will be extended to sectors impacted by recent global tariff escalations, such as textiles, leather, gems & jewellery, engineering goods, and marine products.
Major Components of EPM
Financial Support (Niryat Protsahan)
- Credit Guarantee Scheme for Exporters (CGSE): Provides 100% coverage by the National Credit Guarantee Trustee Company Ltd (NCGTC).
- Additional credit facilities up to ₹20,000 crore to eligible exporters (including MSMEs).
- Enables collateral-free credit, improving liquidity and competitiveness.
Non-Financial Support (Niryat Disha)
- Addressing Non-Tariff Barriers (NTBs): Funding for compliance, certifications, and technical standards.
- Market Acquisition & Branding: Assistance for international exhibitions, packaging, and branding.
- Logistics Cost Reduction: Support for supply chain efficiency and trade facilitation.
RBI’s Trade Relief Measures
EPM and RBI Measures are expected to:
Conclusion
- The Export Promotion Mission marks a decisive step toward a coherent, technology-driven and inclusive export ecosystem.
- By merging fiscal incentives, financial facilitation, digital governance and regulatory flexibility into a single mission-mode framework, the government has created a powerful platform to enhance India’s global trade competitiveness.
Source: PIB
