US EditionPiyush Goyal Launches 7 New Export Promotion Measures to Empower MSMEs
The Ministry of Commerce launched seven export support measures including credit facilities and risk-sharing to aid MSMEs and e-commerce exporters, covering up to ₹5 crore, officials said.
- The Ministry of Commerce announced seven new interventions on Friday under the Export Promotion Mission to support MSMEs, addressing structural constraints and boosting exporter confidence.
- Designed to tackle bottlenecks, the package addresses structural constraints faced by MSMEs, including high capital costs, limited trade finance, compliance burdens, logistics disadvantages, and market-entry barriers, while shared-risk credit mechanisms encourage first-time exporters and diversification, the ministry and industry said.
- Financially, the package includes a direct e-commerce credit facility up to 50 lakh with 90% guarantee and an overseas inventory credit facility up to 5 crore with 75% guarantee.
- Industry groups welcomed the measures and said the Federation of Indian Export Organisations expects them to ease working capital pressures and help MSMEs price competitively and accept larger orders.
- Contextually, the measures announced on Friday include the first tranche of the bilateral trade agreement with the United States and come amid nine FTAs and double-digit merchandise export growth in early February.
13 Articles
13 Articles
Times of India
The Economic TimesIndia rolls out seven steps to boost exports
India's government has launched a significant export promotion mission. Seven new measures aim to boost outbound shipments. These include credit assistance for e-commerce exporters and support for alternative trade instruments. The mission focuses on addressing key constraints for MSME export growth. It will simplify processes and enhance access to finance for businesses.
The Hindu Business Line
The Siasat DailyGovt announces seven measures to help boost exports
The government on Friday announced seven measures, including credit assistance for e-commerce exporters and support for alternative trade instruments, with an aim to promote the country's outbound shipments.
India launches $3 billion mission to expand export credit, logistics and compliance support
Highlights: $3 billion export mission expanded with seven new measures focused on MSME export growth. Direct E-Commerce Credit Facility offers loans up to 5 million rupees with 90% government guarantee. Overseas Inventory Credit Facility provides up to 50 million rupees with 75% guarantee and 2.75% interest subsidy. Export factoring subsidy of 2.75% to ease working capital pressures. TRACE compliance program reimburses up to 75% of export testi…
Piyush Goyal launches Export Promotion Mission to boost MSME Exports and strengthen global competitiveness
NEW DELHI : The Union Minister of Commerce and Industry, Shri Piyush Goyal, on Friday launched seven additional interventions under the Export Promotion Mission (EPM), a flagship initiative of the Department of Commerce aimed at empowering Micro, Small and Medium Enterprises (MSMEs) for global markets. These interventions are designed to address key challenges faced by Indian exporters, promote broad-based and inclusive export growth, and streng…
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