Overview

• The commerce ministry has filed the proposal with the Expenditure Finance Committee for vetting, with a Cabinet decision to follow if cleared, and the plan runs through FY2025–31.
• The mission is split between Niryat Protsahan (over Rs 10,000 crore) and Niryat Disha (over Rs 14,500 crore), to be delivered with Commerce, MSME and Finance ministries, Exim Bank, ECGC, CGTMSE, NCGTC, export councils and states, and described as WTO-compliant.
• Niryat Protsahan envisages interest equalisation support of over Rs 5,000 crore, alternative trade finance instruments, a credit card for e-commerce exporters, and other measures to ease MSME liquidity.
• Niryat Disha proposes funding for export quality compliance of about Rs 4,000 crore, overseas market development and branding of over Rs 4,000 crore, plus warehousing, logistics and capacity building to deepen global value chain integration.
• Officials frame the package as a buffer against the U.S. tariff increase to 50% from August 27 that could hit textiles, chemicals, leather and footwear, as export data show a July rebound of 7.29% but a wider trade deficit.