The Union Cabinet has approved the Export Promotion Mission (EPM), a major policy initiative aimed at strengthening India’s export ecosystem with a total outlay of ₹25,060 crore (US$ 2.83 billion) for FY26–FY31. The mission represents a transformative shift from multiple disconnected schemes to a single, integrated, outcome-driven export framework designed to support MSMEs, first-time exporters, and labour-intensive industries.
Unified Export Strategy Through Two Sub-Schemes
EPM will operate through two complementary sub-schemes:
- NIRYAT PROTSAHAN – Financial Support Framework
This component focuses on providing exporters easier access to trade finance and credit, offering:
- Interest subvention
- Export factoring and collateral guarantees
- Credit cards for e-commerce exporters
- Credit enhancement to support market diversification
- NIRYAT DISHA – Non-Financial Capacity Building
This arm addresses structural export challenges by offering:
- Quality, certification, and compliance support
- International branding and packaging assistance
- Funding for trade fairs and global market outreach
- Warehousing and logistics facilitation
- Inland transport reimbursement
- Exporter training and capability development
The mission consolidates existing schemes such as the Interest Equalisation Scheme (IES) and the Market Access Initiative (MAI) into a streamlined, digitally integrated system aligned with evolving global trade dynamics.
Digital-First Implementation Under DGFT
The Directorate General of Foreign Trade (DGFT) will be the nodal agency responsible for executing EPM. A dedicated digital platform—integrated with existing trade systems—will manage the entire workflow from application to approval and fund disbursal. This aims to ensure improved transparency, speed, and responsiveness.
Priority Sectors and Strategic Focus
EPM gives targeted support to sectors affected by rising global tariffs, including:
- Textiles
- Leather
- Gems & jewellery
- Engineering goods
- Marine products
Special emphasis will be placed on MSMEs, new exporters, and industries with high employment potential, to ensure inclusive, broad-based export expansion.
Addressing Key Export Constraints
The mission aims to resolve long-standing bottlenecks such as:
- High cost and limited access to trade finance
- Elevated compliance and certification expenses
- Insufficient international branding
- Logistical and warehousing limitations
- Export disadvantages faced by non-coastal and low-export districts
Expected Outcomes
The Export Promotion Mission is expected to:
- Improve access to low-cost trade finance for MSMEs
- Enhance exporter readiness through better certification and compliance support
- Strengthen global market visibility for Indian products
- Accelerate exports from non-traditional and interior districts
- Generate employment in manufacturing, logistics, and allied sectors
- Support consistent export order flows and safeguard jobs
By creating an integrated, technology-enabled, and inclusive export ecosystem, the EPM aligns with the national vision of Viksit Bharat @2047, aiming to significantly enhance India’s global trade competitiveness in the coming decade.
Summary
The Union Cabinet has approved the ₹25,060 crore Export Promotion Mission, aimed at unifying India’s export schemes into a single, digitally driven, outcome-based framework. With two sub-schemes—NIRYAT PROTSAHAN for financial support and NIRYAT DISHA for non-financial enablers—the mission strengthens global competitiveness, supports MSMEs, boosts sectoral readiness, and addresses structural export challenges. EPM is expected to improve trade finance access, enhance market visibility, support new exporters, and create jobs, aligning with India’s long-term economic goals under Viksit Bharat @2047.
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