New Delhi, Nov 12 (NationPress) The Union Cabinet, led by Prime Minister Narendra Modi, has sanctioned the Export Promotion Mission with a financial commitment of Rs 25,060 crore aimed at enhancing India’s export ecosystem.

This key initiative was introduced during the Union Budget 2025–26 and is designed to elevate India’s export competitiveness, particularly benefitting MSMEs, first-time exporters, and sectors that are labor-intensive.

The Mission aims to present a holistic, adaptable, and digitally-focused framework for export promotion, with a total budget of Rs 25,060 crore allocated for the fiscal years 2025–26 to 2030–31. This represents a significant transition from multiple fragmented programs to a unified, outcome-driven approach capable of rapidly responding to global trade challenges and the evolving needs of exporters, according to an official statement.

As part of the EPM, priority will be given to sectors adversely affected by recent global tariff increases, including textiles, leather, gems & jewellery, engineering goods, and marine products. These interventions are expected to help maintain export orders, safeguard jobs, and encourage diversification into new markets, the statement noted.

The Mission is grounded in a cooperative framework that includes the Department of Commerce, the MSME and Finance Ministries, along with other critical stakeholders such as financial institutions, export promotion councils, commodity boards, industry associations, and state governments, the statement elaborated. It will function through two integrated sub-schemes: 'Niryat Protsahan' and 'Niryat Disha'.

'Niryat Protsahan' concentrates on enhancing access to affordable trade finance for MSMEs via various tools including interest subvention, export factoring, collateral guarantees, credit cards for e-commerce exporters, and credit enhancement support for market diversification.

'Niryat Disha' emphasizes non-financial facilitators that boost market readiness and competitiveness, offering support for export quality and compliance, international branding, packaging, participation in trade fairs, export warehousing and logistics, inland transport reimbursements, and capacity-building initiatives.

The EPM consolidates essential export support schemes like the Interest Equalisation Scheme (IES) and Market Access Initiative (MAI), ensuring alignment with modern trade demands.

It is structured to directly confront structural obstacles hindering Indian exports, such as limited and costly access to trade finance, high compliance costs with international export standards, as well as insufficient export branding and fragmented market access. Additionally, it seeks to address logistical challenges faced by exporters in interior and low-export-intensity regions.

The Directorate General of Foreign Trade (DGFT) will serve as the implementation agency, with all procedures—from application to disbursement—managed via a dedicated digital platform integrated with existing trade systems.