Export Promotion Mission (EPM) Components Launched

The government unveiled two new components of the Export Promotion Mission (EPM) on January 2, 2026, focusing on easing and reducing the cost of credit access for exporters.

Background

• The EPM was announced in the Budget 2025 and received Cabinet approval in November.
• These recent initiatives are part of the 11 schemes under the EPM, with three currently operational.

Financial Outlay

• The two new schemes entail an outlay of ₹5,181 crore over six years, until 2030-31.

Niryat Protsahan Category

These schemes are categorized under Niryat Protsahan, designed to lower the cost of credit for exporters.

Schemes Launched

• Interest Subvention for Pre- and Post-Shipment Export Credit
  • Aims to reduce export finance costs.
  • Enhances MSME liquidity, competitiveness, and supports integration into global value chains.
  • Eligible MSME exporters can avail interest subvention on rupee export credit through scheduled banks, per RBI Master Directions.
• Collateral Support for Export Credit
  • Enables MSME exporters to access bank credit with limited collateral or third-party guarantees.
  • Implemented via the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) on a pilot basis.
  • Applicable to export-linked working capital loans.
    • Micro & small exporters: Up to 85% guarantee.
    • Medium exporters: Capped at 65% guarantee.
    • Overall guarantee ceiling: ₹10 crore per exporter for the current financial year (subject to periodic review).

Process for Accessing Credit

• Exporters must file an intent to access credit on the Directorate General of Foreign Trade’s portal.
• Bank assesses the proposal; if requirements are met, CGTMSE issues the guarantee and credit is provided to the exporter.