{"id":59097,"date":"2025-11-13T19:01:16","date_gmt":"2025-11-13T13:31:16","guid":{"rendered":"https:\/\/www.nextias.com\/ca\/?p=59097"},"modified":"2025-11-15T12:27:38","modified_gmt":"2025-11-15T06:57:38","slug":"export-promotion-mission","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/13-11-2025\/export-promotion-mission","title":{"rendered":"Export Promotion Mission"},"content":{"rendered":"\n<p><strong>Syllabus: GS3\/Economy<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Context<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Amid pressure on <strong>goods exports to the US<\/strong> due to <strong>high 50% tariffs<\/strong>, the Union Cabinet has approved a <strong>six-year Export Promotion Mission<\/strong> with an outlay of Rs 25,060 crore.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Export Promotion Mission<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>In the <a href=\"https:\/\/www.nextias.com\/ca\/current-affairs\/03-02-2025\/union-budget-2025-26\" data-type=\"link\" data-id=\"https:\/\/www.nextias.com\/ca\/current-affairs\/03-02-2025\/union-budget-2025-26\">Union Budget for 2025-26<\/a>,<\/strong> the Finance Minister announced an Export Promotion Mission.\n<ul class=\"wp-block-list\">\n<li>It would facilitate easy access to export credit, cross-border factoring support, and support to MSMEs to tackle non-tariff measures in overseas markets.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Ministries: <\/strong>Driven jointly by the Ministries of Commerce and Industry, the Ministry of Micro, Small, and Medium Enterprises, and the Ministry of Finance.<\/li>\n\n\n\n<li><strong>Under EPM<\/strong>, <strong>priority support<\/strong> will be extended to sectors impacted by recent global tariff escalations, such as textiles, leather, gems &amp; jewellery, engineering goods, and marine products.<\/li>\n\n\n\n<li><strong>The Directorate General of Foreign Trade (DGFT)<\/strong> will act as the implementing agency, with all processes&nbsp; from application to disbursal.\n<ul class=\"wp-block-list\">\n<li>It will be managed through a dedicated digital platform integrated with existing trade systems.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Major Components of EPM<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Financial Support<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Credit Guarantee Scheme for Exporters (CGSE): <\/strong>Provides 100% coverage by the National Credit Guarantee Trustee Company Ltd (NCGTC).\n<ul class=\"wp-block-list\">\n<li>For additional credit facilities up to \u20b920,000 crore to eligible exporters (including MSMEs).<\/li>\n\n\n\n<li>Enables collateral-free credit, improving liquidity and competitiveness.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Integration of Schemes: <\/strong>Interest Equalisation Scheme (interest subvention for exporters).\n<ul class=\"wp-block-list\">\n<li>Market Access Initiative (MAI) (support for trade fairs, market promotion).<\/li>\n\n\n\n<li>Both merged under a digitally driven EPM framework.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Non-Financial Support<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Addressing Non-Tariff Barriers (NTBs): <\/strong>Funding for compliance, certifications, and technical standards.<\/li>\n\n\n\n<li><strong>Market Acquisition &amp; Branding:<\/strong> Assistance for international exhibitions, packaging, and branding.<\/li>\n\n\n\n<li><strong>Logistics Cost Reduction: <\/strong>Support for supply chain efficiency and trade facilitation.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The Mission is expected to:<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Facilitate access to affordable trade finance for MSMEs.<\/li>\n\n\n\n<li>Enhance export readiness through compliance and certification support.<\/li>\n\n\n\n<li>Improve market access and visibility for Indian products.<\/li>\n\n\n\n<li>Boost exports from non-traditional districts and sectors.<\/li>\n\n\n\n<li>Generate employment across manufacturing, logistics, and allied services.<\/li>\n<\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/indianexpress.com\/article\/business\/economy\/amid-us-tariff-hit-cabinet-clears-6-year-rs-25000-crore-export-mission-10362058\/\" target=\"_blank\" rel=\"noopener\"><strong>IE<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong>Context<\/strong><\/p>\n<li class=\"ms-5\">Amid pressure on goods exports to the US due to high 50% tariffs, the Union Cabinet has approved a six-year Export Promotion Mission with an outlay of Rs 25,060 crore.<\/li>\n<p><\/p>\n<p><strong>Export Promotion Mission<\/strong><\/p>\n<li class=\"ms-5\">In the Union Budget for 2025-26, the Finance Minister announced an Export Promotion Mission.<\/li>\n<li class=\"ms-5\">It would facilitate easy access to export credit, cross-border factoring support, and support to MSMEs to tackle non-tariff measures in overseas markets.<\/li>\n<li class=\"ms-5\">Ministries: Driven jointly by the Ministries of Commerce and Industry, the Ministry of Micro, Small, and Medium Enterprises, and the Ministry of Finance.<\/li>\n<li class=\"ms-5\">Under EPM, priority support will be extended to sectors impacted by recent global tariff escalations, such as textiles, leather, gems &#038; jewellery, engineering goods, and marine products.<\/li>\n<p><a href=\"https:\/\/www.nextias.com\/ca\/current-affairs\/13-11-2025\/export-promotion-mission\" class=\"btn btn-primary btn-sm float-end\">Read\u00a0More<\/a><\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-59097","post","type-post","status-publish","format-standard","hentry","category-current-affairs"],"acf":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/59097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=59097"}],"version-history":[{"count":3,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/59097\/revisions"}],"predecessor-version":[{"id":59197,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/59097\/revisions\/59197"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=59097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=59097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=59097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}