Union Cabinet approved the Export Promotion Mission (EPM) for six years | Current Affairs | Vision IAS
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In Summary

The Union Cabinet approved a six-year EPM with Rs. 25,060 crore to support MSMEs, enhance export competitiveness, market access, and integrate schemes like CGSE to boost India's global trade growth.

In Summary

This initiative, first announced in the Union Budget 2025–26, is designed to serve as a comprehensive and flexible framework to bolster India's export ecosystem amidst evolving global trade challenges.

Key Features of Export Promotion Mission (EPM)

  • Financial Outlay and Timeline: Rs. 25,060 crore from FY 2025–26 to FY 2030–31.
  • Mission Objective: To enable Affordable trade finance (particularly for MSMEs); Enhanced competitiveness through compliance and certification; Greater international market access, job creation, etc.
  • Target: To support MSMEs, first-time exporters, and labour-intensive sectors, such as Textiles, Leather, Gems & Jewellery, etc.
  • Mission Architecture: The mission will operate through two distinct but integrated sub-schemes:
    • Niryat Protsahan (Financial Support): Improving access to affordable trade finance through financial instruments, such as
      • Interest subvention, collateral guarantees, credit cards for e-commerce exporters, etc.
    • Niryat Disha (Non-Financial Support): Designed to enhance the market readiness and competitiveness of Indian exporters through 
      • Export quality and compliance support, assistance for international branding, export warehousing and logistics, etc.
  • Implementing Agency: The Directorate General of Foreign Trade (DGFT) in collaboration with Department of Commerce, Ministry of MSME, Ministry of Finance, Financial Institutions, Export Promotion Councils, State Governments, etc.
  • Consolidation of Schemes: Integrates and modernizes key existing schemes, such as the Interest Equalisation Scheme (IES) and the Market Access Initiative (MAI).

Related News: Cabinet approves Credit Guarantee Scheme for Exporters (CGSE)

  • Total Credit Support: Up to additional ₹20,000 crore collateral-free with 100% guarantee coverage by National Credit Guarantee Trustee Company Limited (NCGTC).
  • Beneficiaries: Both MSME and non-MSME exporters.
  • Objective: To enhance liquidity, support market diversification, boost employment, and improve global competitiveness.
  • Implementing Agency: Department of Financial Services (DFS) through NCGTC
  • Oversight Body: A management Committee formed under the chairmanship of Secretary, DFS.
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