US EditionCabinet greenlights ₹45,000 cr schemes for export sector
Two schemes totaling Rs 45,000 crore aim to boost MSMEs, first-time exporters, and labour-intensive sectors with collateral-free credit and export promotion, says government.
- On Wednesday, the Union Cabinet chaired by Prime Minister Narendra Modi approved two schemes worth ₹45,000 crore, including the ₹25,060 crore Export Promotion Mission.
- The Export Promotion Mission aims to strengthen export competitiveness for MSMEs, first-time exporters and labour-intensive sectors, while the Credit Guarantee Scheme for Exporters offers collateral-free credit amid global disruptions.
- In a statement, Prime Minister Narendra Modi said `It brings together key stakeholders to build a mechanism that is outcome based and effective`, highlighting the government's export initiatives.
- Mr. Modi said rationalising royalty rates for graphite, caesium, rubidium and zirconium will strengthen supply chains and create jobs, as approved by the Union Cabinet.
- The government frames the package as a 'landmark step' that will boost liquidity, empower MSMEs, and accelerate Bharat's march towards the $1 trillion export target, Prime Minister Narendra Modi said.
22 Articles
22 Articles
Indian Express
Maritime Gateway - South Asia’s Premier Shipping and Logistics News PortalAmid US tariff hit, Cabinet clears 6-year Rs 25,000 crore export mission
Steep 50 per cent US tariffs came into effect on August 27. After the China-US trade deal, tariffs on India are the highest globally.
Cabinet greenlights ₹45,000 cr schemes for export sector
The Union cabinet approved initiatives worth ₹45,060 crore to enhance India's export ecosystem, including the Credit Guarantee Scheme for Exporters and the Export Promotion Mission, aimed at easing liquidity for MSMEs and boosting competitiveness amid global trade challenges.
Times of India
Cabinet approves Rs 45,060 cr towards Export Promotion Mission and welfare of exporters
The Cabinet Committee has approved a six-year Export Promotion Mission (EPM) with an outlay of Rs 25,060 crore, including Rs 20,000 crore for expanding the credit guarantee scheme for exporters. This flagship initiative aims to boost India's export competitiveness, especially for MSMEs and first-time exporters, by offering a unified, digitally driven framework.
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