India launches ₹45,060 crore Export Promotion Mission and Credit Guarantee Scheme to empower MSMEs, boost export competitiveness, and support job creation.
TheInterviewTimes.com | November 13, 2025 — The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved two major initiatives — the Export Promotion Mission (EPM) and the Credit Guarantee Scheme for Exporters (CGSE) — with a combined outlay of ₹45,060 crore to strengthen India’s export competitiveness. The focus will be on MSMEs, first-time exporters, and labour-intensive sectors, enabling India to scale toward its $1 trillion export target.
The ₹45,060 crore package merges financial and institutional reforms. The Export Promotion Mission consolidates fragmented export schemes under a digital, outcome-based model, while the Credit Guarantee Scheme extends ₹20,000 crore in collateral-free credit. Together, they will accelerate India’s progress toward a Viksit Bharat @2047.
Key Points
- ₹25,060 crore allocated for the Export Promotion Mission (FY 2025–26 to FY 2030–31).
- ₹20,000 crore collateral-free credit under the Credit Guarantee Scheme for Exporters (CGSE).
- Focus on MSMEs, first-time exporters, and labour-intensive sectors like textiles, leather, and marine products.
- DGFT to implement EPM via a digital platform integrated with trade systems.
- Expected to boost employment, market access, and export readiness.
Export Promotion Mission: Driving a Unified Export Ecosystem
The Export Promotion Mission (EPM), with an outlay of ₹25,060 crore, replaces multiple fragmented schemes with a single, adaptive, and technology-driven framework. Announced in the Union Budget 2025–26, the EPM seeks to empower MSMEs and new exporters through integrated financial and non-financial support.
It operates through two sub-schemes:
1. NIRYAT PROTSAHAN
Designed to improve access to affordable trade finance for MSMEs via:
- Interest subvention and export factoring
- Collateral guarantees and export credit cards
- Credit enhancement support for new markets
2. NIRYAT DISHA
Aims to strengthen export readiness and market visibility through:
- Compliance and certification assistance
- International branding and trade fair participation
- Export warehousing, logistics support, and trade intelligence
The Directorate General of Foreign Trade (DGFT) will serve as the implementing agency, ensuring end-to-end digital management — from application to fund disbursal.
#Cabinet approves introduction of Credit Guarantee Scheme for Exporters (CGSE) for providing 100% credit guarantee coverage by National Credit Guarantee Trustee Company Limited to Member Lending Institutions for extending additional credit facilities upto Rs.20,000 crore to… pic.twitter.com/sjQ8pH4PMd
— PIB India (@PIB_India) November 12, 2025
Tackling Export Challenges Head-On
EPM directly addresses long-standing issues such as:
- Limited and expensive trade finance
- High compliance and certification costs
- Weak international branding and fragmented market access
- Logistical barriers in low-export regions
Priority assistance will go to sectors hit by global tariff hikes, including textiles, gems & jewellery, engineering goods, leather, and marine products.
Credit Guarantee Scheme for Exporters: Strengthening Liquidity and Confidence
The Credit Guarantee Scheme for Exporters (CGSE), with a ₹20,000 crore outlay, will offer 100% credit guarantee via the National Credit Guarantee Trustee Company (NCGTC). This collateral-free support will help exporters sustain liquidity, expand markets, and enhance competitiveness.
Implemented by the Department of Financial Services (DFS) through NCGTC, the scheme will be monitored by a Management Committee chaired by the Secretary, DFS.
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Driving India Toward the $1 Trillion Export Vision
Exports constitute 21% of India’s GDP and provide livelihoods for over 45 million workers. MSMEs contribute nearly 45% of total exports, underscoring their critical role in India’s trade ecosystem.
By combining financial access (CGSE) with strategic market support (EPM), the ₹45,060 crore initiative will help Indian exporters diversify markets, sustain orders, and strengthen the current account balance, aligning with the vision of Aatmanirbhar Bharat and Viksit Bharat @2047.
Conclusion
The government’s approval of the ₹45,060 crore Export Promotion Mission and Credit Guarantee Scheme for Exporters marks a decisive step toward creating a resilient, inclusive, and globally competitive export framework. By empowering MSMEs, enhancing liquidity, and improving market access, these measures will accelerate India’s journey toward becoming a $1 trillion export economy by 2030.