The Union Cabinet has approved a ₹45,060 crore package to support India’s exporters, especially micro, small, and medium enterprises (MSMEs), amid rising global trade challenges. The move aims to make credit easier for exporters and provide a unified framework for export promotion.
The package has two main components. The Credit Guarantee Scheme for Exporters (CGSE) will provide 100% government-backed guarantees to banks for up to ₹20,000 crore in collateral-free loans. This is expected to help MSMEs access working capital, manage export orders, and expand into new markets without the need for collateral.
The Export Promotion Mission (EPM), with an outlay of ₹25,060 crore for FY 2025-26 to FY 2030-31, consolidates multiple export support schemes into one streamlined mission. It has two sub-programs: Niryat Protsahan (~₹10,400 cr) offers financial support such as interest subvention, export factoring, and credit cards for e-commerce exporters. Niryat Disha (~₹14,660 cr) provides non-financial support, including testing, certification, branding, packaging, logistics, and assistance for exporters from low-export districts.
Officials said the initiatives will help exporters tackle rising global tariffs, diversify markets, and improve competitiveness. Labour-intensive sectors such as textiles, leather, gems & jewellery, engineering goods, and marine products are expected to benefit the most.
The Cabinet highlighted that a unified export support framework will reduce fragmentation, improve efficiency, and strengthen India’s position in global trade. By supporting MSMEs and key sectors, the government aims to sustain export growth, protect jobs, and build a more resilient export ecosystem.
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