India Rolls Out Export Incentives

India rolls out export incentives

The twin schemes rolled out by the Modi-led coalition government on the second day of  the New Year as part of its larger ongoing Export Promotion Mission (EPM) to provide interest support and collateral guarantee for export credit, particularly for labour-intensive manufacturer-exporters have not come a day soon. In fact, the EPS itself with a massive outlay of 25,000 crore of rupees for the 2025-26 to 2030-31 span was a response to the tariff …

Govt announces Rs 7,295-cr export package to improve exporters’ access to credit

The government on Friday announced a Rs 7,295-crore export support package to help exporters access cheaper and easier credit, with a focus on micro, small, and medium enterprises. The package includes a Rs 5,181-crore interest subsidy scheme and Rs 2,114 crore in collateral support, to be rolled out over six years from 2025 to 2031. Commerce Ministry Additional Secretary Ajay Bhadoo said the measures would address trade finance challenges faced…