Overview
- Implementation will run through Niryat Protsahan (Rs 10,401 crore) for MSME trade finance and Niryat Disha (Rs 14,659 crore) for branding, logistics and market access.
- Planned tools include interest subvention, export factoring, collateral guarantees, e‑commerce credit cards, credit enhancement, packaging support, trade fairs, warehousing and inland transport reimbursements.
- Priority sectors cited by the minister are textiles, leather, gems and jewellery, engineering goods and marine products.
- Washington’s 50% duties from August 27 coincided with an 8.58% October drop in exports to the US to $6.3 billion.
- Diversification steps include EU clearance for 108 Indian fishery units, Russia’s approval of 25 units and a Russian delegation due December 5, with Goyal conducting outreach in Israel with a business team.