Cabinet Approves ₹45,000 Crore Support for Exporters
The Union Cabinet has approved a ₹45,060 crore package to support India’s export sector, which has been under strain due to global headwinds and steep tariffs from the United States. The scheme comprises a ₹25,060 crore six-year “Export Promotion Mission” and a ₹20,000 crore expansion of the “Credit Guarantee Scheme for Exporters”, aimed at boosting cash flow and reducing risk for exporters.
Details of the Schemes
Under the Export Promotion Mission, two sub-schemes—Niryat Protsahan (trade finance support) and Niryat Disha (quality, branding, logistics) —will operate over six years to improve competitiveness of Indian goods abroad. The Credit Guarantee Scheme offers collateral-free credit with 100 % guarantee coverage for eligible exporters. The Home Minister, Amit Shah, described this as a landmark step towards strengthening the country’s trade ecosystem and creating employment opportunities.
Strategic Importance and Implications
Analysts say the package underscores the government’s focus on enhancing export readiness and supply-chain resilience. With the U.S. implementing higher tariffs on certain Indian goods, this support could help Indian exporters diversify markets and upgrade operations. The schemes also align with efforts to make India a global trade-manufacturing hub. Watch for how quickly these measures are rolled out and how effectively MSME exporters are brought into the fold.
