The Union Cabinet, led by Prime Minister Narendra Modi, approved an Export Promotion Mission. It will cost ₹25,060 crore over the course of six years, from FY25–26 to FY30–31, with the goal of supporting industries like textiles, leather, gems and jewelry, engineering goods, and marine products that are particularly vulnerable to the recent increases in global tariffs.
Key Highlights
- Union Cabinet approves ₹25,060 crore Export Promotion Mission for FY26-FY31 to boost MSME exports.
- Mission includes two sub-schemes—Niryat Protsahan and Niryat Disha—to address finance, compliance and logistics.
Niryat Protsahan and Niryat Disha are the two sub-schemes that make up the mission, which will combine several schemes into a single system. DGFT will use a specialized digital platform to carry out these plans.
The availability of credit and lowering the cost of credit would be priorities under Niryat Protsahan. MSME exports will have access to reasonably priced finance thanks to an interest subvention for pre- and post-shipment loans. The plan to encourage deep-tier finance and export factoring would also include alternative trade instruments. During the briefing, Ashwini Vaishnaw, Union Minister of Information and Broadcasting, Railways, and Electronics and Information Technology, stated, "Learning from different nations on how to further the progress of exports has been implemented here."
In order to provide alternative financing instruments for e-commerce exports, a credit card for exporters will also be introduced. In order to close the current collateral gap and provide easier, more inclusive access to export credit, Niryat Protsahan will also offer collateral support for export credit. Additionally, the program will provide support for new export prospects, allowing Indian MSMEs to use credit enhancement to enter new or high-risk markets.
The goal of Niryat Disha is to combat non-tariff obstacles that arise when exporting to different countries. The program will support technical and export-quality compliance, including the testing, certification, and audits necessary to satisfy international standards.
Support for market access, which will enable MSME participation in international trade delegations, buyer-seller meetings, reverse buyer-seller meetings, and product demonstrations for both commodities and services, is the second pillar of this program. Support for export warehousing will also be expanded to enhance export fulfillment and lower logistics costs through common infrastructure in order to support the Just-in-Time inventory system.
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Support would be given for interior transportation and handling in steep and isolated areas like the Northeast. In districts with low export intensity, this will counteract the increased cost of logistics. In order to strengthen India's export identity through consistent branding, packaging, and targeted campaigns, export branding and packaging will also be supported.
Smaller exporters lack access to digital market intelligence, but larger exporters have. The program would also increase trade facilitation and intelligence support to close this gap, strengthening the institutional and digital capacities of MSMEs, industry associations, clusters, and district-level organizations.
