Overview
- The six-year Export Promotion Mission runs from FY2025–26 to FY2030–31 and will operate through Niryat Protsahan (Rs 10,401 crore) and Niryat Disha (Rs 14,659 crore).
- Credit support expands under the CGSE with 100% NCGTC guarantees to lenders for up to Rs 20,000 crore, including collateral-free working capital of up to 20% of sanctioned export limits, valid through March 31, 2026.
- EPM consolidates schemes such as Interest Equalisation and the Market Access Initiative to address finance access, compliance costs, branding, logistics, and inland transport for exporters.
- Priority assistance targets textiles, leather, gems and jewellery, engineering goods, and marine products as shipments to the US weakened after 50% tariffs took effect on August 27.
- Operational details, including interest subvention rates and disbursal timelines, are pending, as industry welcomes the reform but questions annual funding adequacy; the Cabinet also rationalised royalty rates for graphite, zirconium, rubidium and caesium with auctions indicated.