The Union Cabinet has approved a ₹45,060 crore package to strengthen India’s exports and help micro, small, and medium enterprises (MSMEs) amid rising global trade pressures. The aim is to make credit easier for exporters and streamline government support schemes.
The package includes two main initiatives: a Credit Guarantee Scheme for Exporters (CGSE) and a six-year Export Promotion Mission (EPM). Under the CGSE, banks will get 100% government-backed guarantees for up to ₹20,000 crore in collateral-free loans, helping MSMEs access working capital and expand into new markets.
The EPM, with a budget of ₹25,060 crore for FY 2025-26 to FY 2030-31, combines multiple export schemes into a single, technology-driven program. It has two parts: Niryat Protsahan (₹10,400 cr), offering financial support such as interest subvention and export credit for e-commerce exporters, and Niryat Disha (₹14,660 cr), providing non-financial help including testing, certification, branding, packaging, logistics, and support for exporters from low-export districts.
The Cabinet said the measures will help exporters deal with rising global tariffs, diversify into new markets, and improve competitiveness. Labour-intensive sectors such as textiles, leather, gems & jewellery, engineering goods, and marine products are expected to gain the most. Officials added that the unified approach will reduce scheme overlaps, improve efficiency, strengthen India’s global trade presence, and protect jobs.
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