Rs. 25,060 crore Export Promotion Mission Spread Over Next Six Years
Approved by Cabinet, Outlay to Replace Cash Strapped MAI of Commerce Ministry
·
Rs. 4,200 Crs
per year is Pittance Compared to 50K Crs in MEIS or
20K Crs in Substitute RoDTEP
·
Export
Promotion Mission (EPM) has been
approved with an outlay of ₹25,060 crore for FY 2025–26 to FY
2030–31 to boost India’s export ecosystem, especially supporting MSMEs, new
exporters, and labour-intensive sectors.
·
EPM merges
key existing schemes, such as the Interest Equalisation Scheme and Market
Access Initiative, to ensure alignment with modern trade needs.
·
EPM
shifts from fragmented export support schemes to a comprehensive, adaptive,
and digitally managed framework, allowing swift response to global trade
challenges.
·
DGFT instead of DoC will
oversee implementation; all processes will be handled through an integrated
digital platform.
·
The
Mission will be implemented in collaboration with the Department of
Commerce, Ministry of MSME, Ministry of Finance, export councils, financial
institutions, state governments, and industry associations.
·
Two
sub-schemes under EPM:
o
NIRYAT
PROTSAHAN: Focuses
on providing accessible trade finance to MSMEs (e.g., interest subvention,
export factoring, credit cards for e-commerce, credit guarantees).
o
NIRYAT
DISHA: Focuses
on non-financial support like quality compliance, international branding, trade
fairs, warehousing, logistics, inland transport reimbursements, trade
intelligence, and capacity building.
·
The
Mission targets longstanding export barriers:
o
Limited/expensive
trade finance
o
High cost
of international compliance
o
Weak
export branding and fragmented access
o
Logistical
disadvantages for remote exporters
·
Sectors
like textiles, leather, gems & jewellery, engineering, and marine products will receive priority, especially those affected
by recent global tariff hikes, to support jobs and market diversification.
·
Expected
outcomes:
o
Improved
trade finance access for MSMEs
o
Better
export readiness and certification compliance
o
Enhanced
visibility and market access for Indian products
o
Growth of
exports from new districts and sectors
o
Increased
jobs in manufacturing, logistics, and allied areas
·
EPM is
designed to make India’s export system inclusive, technology-driven, and
globally competitive, in line with the “Viksit Bharat @2047” vision.
The
Union Cabinet chaired by the Prime Minister, Narendra Modi has approved the Export
Promotion Mission (EPM) — a flagship initiative announced in the Union Budget 2025–26
to strengthen India’s export competitiveness, particularly for MSMEs, first-time
exporters, and labour-intensive sectors.
The
Mission will provide a comprehensive, flexible, and digitally driven framework for
export promotion, with a total outlay of Rs.25,060 crore for FY 2025–26 to FY 2030–31.
EPM marks a strategic shift from multiple fragmented schemes to a single, outcome-based,
and adaptive mechanism that can respond swiftly to global trade challenges and evolving
exporter needs.
EPM is anchored in a collaborative framework involving
the Department of Commerce, Ministry of MSME, Ministry of Finance, and other key
stakeholders including Financial Institutions, Export Promotion Councils, Commodity
Boards, industry associations, and state governments.
The
Mission will operate through two integrated sub-schemes:
·
NIRYAT PROTSAHAN – focuses on improving access to affordable
trade finance for MSMEs through a range of instruments such as interest subvention,
export factoring, collateral guarantees, credit cards for e-commerce exporters,
and credit enhancement support for diversification into new markets.
·
NIRYAT DISHA – focuses on non-financial enablers that
enhance market readiness and competitiveness, including export quality and compliance
support, assistance for international branding, packaging, and participation in
trade fairs, export warehousing and logistics, inland transport reimbursements,
and trade intelligence and capacity-building initiatives.
EPM
consolidates key export support schemes such as the Interest Equalisation Scheme
(IES) and Market Access Initiative (MAI), aligning them with contemporary trade
needs.
The
Mission is designed to directly address structural challenges that constrain Indian
exports, including:
·
limited
and expensive trade finance access,
·
high
cost of compliance with international export standards,
·
inadequate
export branding and fragmented market access, and
·
logistical
disadvantages for exporters in interior and low-export-intensity regions.
Under
EPM, priority support will be extended to sectors impacted by recent global tariff
escalations, such as textiles, leather, gems & jewellery, engineering goods,
and marine products. The interventions will help sustain export orders, protect
jobs, and support diversification into new geographies.
The
Directorate General of Foreign Trade (DGFT) will act as the implementing agency,
with all processes — from application to disbursal — being managed through a dedicated
digital platform integrated with existing trade systems.
The
Mission is expected to:
·
facilitate
access to affordable trade finance for MSMEs,
·
enhance
export readiness through compliance and certification support,
·
improve
market access and visibility for Indian products,
·
boost
exports from non-traditional districts and sectors, and
·
generate
employment across manufacturing, logistics, and allied services.
EPM
represents a forward-looking effort to make India’s export framework more inclusive,
technology-enabled, and globally competitive, aligning with the vision of Viksit
Bharat @2047.