INR 45,000 Crore Boost for MSMEs: India Drives Empowerment and Global Competitiveness
Together, the EPM and CGSE mark a coordinated push to build an “Aatmanirbhar, resilient export economy”
INR 45,000 Crore Boost for MSMEs: India Drives Empowerment and Global Competitiveness
The Union Cabinet on Wednesday approved two landmark schemes worth “INR 45,060 crore” — the “Export Promotion Mission (EPM)” and the “Credit Guarantee Scheme for Exporters (CGSE)”. The focus is on improving liquidity, easing compliance, and strengthening the competitiveness of Indian businesses in global markets.
The Cabinet meeting was chaired by Prime Minister Narendra Modi and Home Minister Amit Shah. This initiative is towards globalising Indian products with the growth of India’s export sector and creating new employment opportunities for youth.
The “EPM”, with an outlay of INR 25,060 crore for FY26–FY31, will integrate multiple export-related initiatives under one digital framework. It will operate through two integrated sub-schemes — “Niryat Protsahan” and “Niryat Disha”.
“Niryat Protsahan” will focus on “affordable trade finance”, interest subvention on export credit, and “export credit cards” for e-commerce sellers.
“Niryat Disha” will provide “non-financial support” such as branding, packaging, logistics, certification, and transport cost reimbursements for low-export districts.
The “CGSE”, with an INR 20,000 crore outlay, offers “100% government-backed collateral-free loans” to eligible exporters, easing working-capital pressures and helping MSMEs expand into new and high-risk markets. The scheme is valid till March 2026 and managed by the “National Credit Guarantee Trustee Company”.
Industry leaders welcomed this move. “Sanjay Budhia”, Chairman of CII’s National Committee on Exports, said the package “tackles long-standing issues such as affordable finance, compliance complexities, and branding gaps, unlocking new opportunities for MSMEs.”
Union Minister Ashwini Vaishnaw said that the initiatives will “help exporters diversify into new and emerging markets and reinforce India’s position as a reliable global supplier.”
Together, the EPM and CGSE mark a coordinated push to build an “Aatmanirbhar, resilient export economy”, protect jobs in labour-intensive sectors like textiles, gems and jewellery, and move India closer to its “1 trillion USD export target” by 2030.