Source: TOI
Subject: Schemes
Context: The Union Cabinet chaired by Prime Minister of India has approved the Export Promotion Mission (EPM) with an outlay of ₹25,060 crore (2025–26 to 2030–31) to strengthen India’s export competitiveness.
About Export Promotion Mission (EPM):
- What it is?
- A flagship, outcome-based initiative aimed at creating a unified, technology-driven framework to promote exports, reduce trade barriers, and enhance India’s competitiveness in global markets.
- Launched in: Announced in the Union Budget 2025–26 and approved by the Cabinet in November 2025.
- Implemented by: the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industry.
- Term: To be implemented during FY 2025–26 to FY 2030–31, with a total financial outlay of ₹25,060 crore.
- Aim: To boost exports through financial and non-financial interventions, consolidate existing export schemes under one mission, and ensure inclusive, sustainable, and regionally balanced export growth aligned with Viksit Bharat @2047.
- Key Features:
- Two Sub-schemes:
- Niryat Protsahan – Enhances access to affordable trade finance via interest subvention, export factoring, and credit guarantees for MSMEs.
- Niryat Disha – Provides non-financial support such as export quality improvement, branding, packaging, logistics, trade fairs, and capacity building.
- Scheme Integration: Merges major export-support initiatives like the Interest Equalisation Scheme (IES) and Market Access Initiative (MAI) under one coordinated mechanism.
- Digital Implementation: All applications and fund disbursals managed through an integrated DGFT digital platform linked with trade systems.
- Sectoral Focus: Priority to textiles, leather, gems & jewellery, engineering goods, and marine products, sectors facing global tariff and supply chain pressures.
- Impact Goals: Expand access to trade finance, enhance compliance and certification readiness, promote new market access, and generate employment across manufacturing and logistics.
- Two Sub-schemes:
