R ARIVANANTHAM
NEW DELHI, NOV 16
In a major push to bolster India’s export competitiveness and strengthen the country’s position in global trade, the Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved two landmark initiatives — the Export Promotion Mission (EPM) with an outlay of ₹25,060 crore, and the Credit Guarantee Scheme for Exporters (CGSE) providing ₹20,000 crore collateral-free credit.
The Export Promotion Mission (EPM) is launched!
EPM is a landmark initiative under the Ministry of Commerce & Industry, in partnership with the Ministry of Finance and Ministry of MSME, to strengthen India’s export competitiveness and make export promotion simpler, smarter, and… pic.twitter.com/Z4nKB6YiUc— DGFT (@dgftindia) November 13, 2025
The EPM, a flagship initiative announced in the Union Budget 2025–26, aims to provide a comprehensive, digitally driven, and outcome-based framework to support exporters — especially MSMEs, first-time exporters, and labour-intensive sectors. It consolidates existing fragmented export promotion schemes into a single, adaptive mechanism capable of responding to fast-changing global trade challenges.
📢 Government of India launches the Export Promotion Mission (EPM)
A landmark initiative to strengthen India’s export ecosystem — uniting multiple schemes under one adaptive, digital-first framework.🔹 Outlay: ₹25,060 crore | Period: FY 2025-26 to FY 2030-31
🔹 Two key… pic.twitter.com/a0kqlv4TWP— Dept of Commerce, GoI (@DoC_GoI) November 13, 2025
- EPM to unify fragmented export schemes under single adaptive framework
- CGSE to provide ₹20,000-cr collateral-free credit support to MSME and non-MSME exporters
- Initiatives to accelerate India’s march towards $1-trillion export target and ‘Viksit Bharat @2047’ vision
Two integrated sub-schemes for holistic support
The Mission will function through two integrated verticals:
#Cabinet approves Export Promotion Mission (EPM) — a flagship initiative announced in the Union Budget 2025–26 to strengthen India’s export competitiveness, particularly for MSMEs, first-time exporters, and labour-intensive sectors
The Mission will provide a comprehensive,… pic.twitter.com/l0ONz6lOaE
— PIB India (@PIB_India) November 12, 2025
- NIRYAT PROTSAHAN — designed to enhance access to affordable trade finance for MSMEs through interest subvention, export factoring, credit guarantees, and other financial instruments.
- NIRYAT DISHA — focused on non-financial enablers such as export quality support, global branding and packaging assistance, trade fair participation, warehousing, logistics, and digital trade intelligence.
Anchored jointly by the Department of Commerce, Ministry of MSME, Ministry of Finance, and other stakeholders, EPM will consolidate key schemes like the Interest Equalisation Scheme (IES) and Market Access Initiative (MAI) into a unified, technology-enabled platform.
Addressing key structural bottlenecks
EPM seeks to tackle long-standing challenges faced by exporters, including:
- Limited access to affordable trade finance
- High cost of international compliance and certification
- Weak export branding and fragmented market access
- Logistical disadvantages for inland exporters
Priority support will be directed to sectors affected by recent global tariff escalations — such as textiles, leather, gems & jewellery, engineering goods, and marine products — to safeguard export orders, sustain employment, and enable market diversification.
The Directorate General of Foreign Trade (DGFT) will act as the nodal implementing agency, with all applications, approvals, and disbursals managed via an integrated digital single-window system.
100% credit guarantee for exporters
Complementing the EPM, the Cabinet also cleared the Credit Guarantee Scheme for Exporters (CGSE), under which the National Credit Guarantee Trustee Company Ltd. (NCGTC) will provide 100% credit guarantee coverage to Member Lending Institutions (MLIs) for extending additional credit facilities up to ₹20,000 crore to eligible exporters.
The Department of Financial Services (DFS) will oversee implementation, with a high-level Management Committee chaired by the DFS Secretary monitoring progress and impact.
Strengthening liquidity and competitiveness
The CGSE aims to enhance liquidity, reduce collateral requirements, and support exporters’ expansion into emerging markets. Together, the EPM and CGSE are expected to significantly improve India’s export readiness, generate employment across manufacturing and logistics, and accelerate progress toward the nation’s $1-trillion export target.
Exports currently account for nearly 21% of India’s GDP, employing over 45 million people, with MSMEs contributing nearly 45% of total exports. Sustained export growth has been pivotal in maintaining macroeconomic stability and foreign exchange reserves.
Driving ‘Viksit Bharat @2047’
The government said these two strategic interventions mark a paradigm shift from short-term incentives to a long-term, structured, and self-sustaining export ecosystem, ensuring that Indian products gain greater global visibility, resilience, and competitiveness.
Together, the EPM and CGSE are set to drive India’s transformation into a global export powerhouse, aligning seamlessly with the national vision of “Viksit Bharat @2047.”
