Centre Approves Export Promotion Mission to Boost MSMEs and First-Time Exporters



Quick Summary
The Indian government is enhancing its logistics framework and introducing new initiatives to support exporters facing global disruptions. A key development is the approval of the Export Promotion Mission (EPM), a comprehensive, digitally driven initiative with a budget of over Rs. 25,000 crore, aimed at strengthening export competitiveness, particularly for MSMEs and new exporters. Alongside this, the Credit Guarantee Scheme for Exporters (CGSE) will provide a 100% credit guarantee for additional credit facilities up to Rs. 20,000 crore, bolstering liquidity for eligible exporters.

Government Strengthens Logistics Framework to Address Global Disruptions and Support Exporters Global logistics disruptions have led to delays, cost increases, and supply chain challenges impacting exporters. To address this, the Government is actively enhancing logistics infrastructure and streaml
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FAQ :

The EPM aims to strengthen India's export competitiveness, with a particular focus on supporting MSMEs, first-time exporters, and labour-intensive sectors by providing a flexible and digitally driven framework.

The CGSE offers 100% credit guarantee coverage for additional credit facilities up to Rs. 20,000 crore, which will strengthen liquidity and ensure smoother business operations for eligible exporters, including MSMEs.

Bharat Trade Net (BTN) is a digital public infrastructure designed to digitise trade documents, improve access to export finance, and integrate India's trade ecosystem with global standards, making trade operations more cost-effective and MSME-friendly.

ECGC offers several measures, including collateral-free cover for export credit up to ₹10 crore, enhanced cover up to 90% for eligible banks and accounts for export credit loans up to ₹50 crore, and simplified claim settlement procedures.

Yes, the Coir Vikas Yojana (CVY) supports the development of the coir industry, and schemes like the National Handloom Development Programme (NHDP) and the Scheme of Fund for Regeneration of Traditional Industries (SFURTI) are in place for handlooms and other traditional industries.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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