Export Promotion Mission to Strengthen India’s Global Trade Push

Overview of the Mission

Export Promotion Mission to Strengthen India’s Global Trade Push: The Union Cabinet has approved the Export Promotion Mission (EPM) for a six-year period, creating a unified framework to boost India’s export capacity. The initiative, announced in the Union Budget 2025–26, aims to strengthen India’s position amid fast-changing global trade dynamics.
The mission focuses on making Indian exports more competitive through financial assistance, compliance support, and expanded market access.

Financial Plan and Duration

The EPM carries a total financial outlay of ₹25,060 crore from FY 2025–26 to FY 2030–31.
This long-term design allows consistent growth in trade-related infrastructure and financing channels.
Static GK fact: India’s financial years run from April 1 to March 31, a system adopted in 1867 during the British period.

Core Objectives of the Mission

The mission prioritizes affordable and accessible trade finance, especially for MSMEs and first-time exporters.
It also aims to enhance global competitiveness through quality certification, branding support, and international market integration.
Job creation in labour-intensive sectors like Textiles, Leather, and Gems & Jewellery forms a key focus.

Target Beneficiaries

The EPM primarily supports MSMEs, new exporters, and sectors that require significant labour.
These areas contribute substantially to India’s merchandise exports.
Static GK Tip: MSMEs account for 30% of India’s GDP and around 45% of total exports.

Mission Architecture

The scheme is structured around two integrated sub-schemes designed to address both financial and market-preparedness challenges.

Niryat Protsahan

This component focuses on financial support mechanisms.
It includes tools like interest subvention, collateral guarantees, and credit cards for e-commerce exporters to reduce financial barriers.
Such instruments help small exporters compete with global players who enjoy easier access to credit.

Niryat Disha

This non-financial wing strengthens exporters’ readiness through support for quality standards, global certifications, branding, and logistics preparedness.
It aims to reduce the cost of compliance and improve international acceptance of Indian products.

Institutional Mechanism

The mission will be implemented by the Directorate General of Foreign Trade (DGFT) along with the Department of Commerce, Ministry of MSME, Ministry of Finance, Export Promotion Councils, financial institutions, and State Governments.
This multi-agency structure ensures uniform support across major export hubs.

Consolidation of Existing Schemes

One significant feature of the EPM is the integration of earlier schemes like the Interest Equalisation Scheme (IES) and the Market Access Initiative (MAI).
This consolidation strengthens governance and reduces administrative duplication.
Static GK fact: The IES was launched in 2015 to support MSME exporters with lower interest rates.

Related Update on Export Credit

The Cabinet has also approved the Credit Guarantee Scheme for Exporters (CGSE) to provide collateral-free credit up to ₹20,000 crore with 100% guarantee coverage by the National Credit Guarantee Trustee Company Limited (NCGTC).
The scheme supports both MSME and non-MSME exporters and is implemented by the Department of Financial Services (DFS).
A Management Committee chaired by the Secretary, DFS, oversees the programme.

Static Usthadian Current Affairs Table

Export Promotion Mission to Strengthen India’s Global Trade Push: