What Are The Schemes Under The Export Promotion Mission?

Pragya Pathak

Author

Updated: 16-04-2025 at 12:44 PM

The Indian government is focusing on several sectors to boost the growth and development of the nation and one of the focus areas is the export sector. Presently, the government is introducing several measures to the operations of the export sector and one of those measures is the creation of a mission called the Export Promotion Mission.

The mission has been created to strengthen and improve India’s global presence in the market with a special focus on Micro, Small, and Medium Enterprises (MSMEs). Both the MSMEs and the export sector as a whole face a range of challenges such as the non-availability of credit options. This is one of the major reasons why the government is working on including development schemes in the Export Promotion Mission.

Read the article to know more about the newly launched government mission and what schemes would be under the mission.

About The Export Promotion Mission

The government of India launched the Export Promotion Mission to improve the working of the export sector of India. In addition, to tackle the challenges faced by the export sector and the Micro, Small, and Medium Enterprises (MSMEs), authorities are now planning to include some schemes in the mission.

There are some details of the Export Promotion Mission that one should know for better understanding. All those major details are mentioned below in brief:

The Ministry of Finance and the Department of Commerce will be working on designing the schemes. After the creation of schemes, the Cabinet will approve and finalise the schemes as announced during the announcement of the Union Budget of 2025.
A budget of around Rs. 2250 crore has been allocated for the mission so that MSMEs and the whole sector can utilise it properly such as for credit options.
The government is working on a system to increase export credit without the need for collateral or at least reduced collateral.
The mission will also focus on promoting factoring services which allows the exporters to sell their products to a factoring service at discounted rates.
As MSMEs face an issue of non-tariff barriers, the govt mission may also find a way to compensate the additional costs incurred by them for registration, testing, certification, and inspection for organic and halal products, electric goods, energy audit, and the European Union’s carbon tax and deforestation regulations.
The govt mission will also provide additional support to businesses in the export sector to purchase plant and machinery. This is being done because of the compliance with non-tariff measures.

Conclusion

The government of India will soon finish working on including schemes in the Export Promotion Mission. The mission aims to achieve nothing but a strengthened export sector and improve the global rank of India in the international marketplace.

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