Union Minister Piyush Goyal launched seven pivotal measures under the Export Promotion Mission (EPM) in New Delhi, marking a significant escalation in support for MSMEs eyeing international expansion. The Commerce Department’s EPM is designed to bridge gaps, ensuring small enterprises can compete on the world stage.
Addressing pain points like funding, compliance, and infrastructure, these steps promote broad-based export acceleration. Highlights: Export Factoring Aid for working capital, E-Commerce Credit for digital sellers, Emerging Markets Support, TRACe for regulatory empowerment, FLOWS for global warehousing, LIFT for logistics relief, and INSIGHT for intelligence.
Export factoring offers 2.75% subsidy on costs through regulated entities, limited to ₹50 lakh/MSME/year via digital claims. E-com facilities include ₹50 lakh direct credit (90% guaranteed) and ₹5 crore inventory credit (75% guaranteed), with ₹15 lakh annual subsidy.
For new frontiers, shared-risk tools enhance liquidity. TRACe provides 60-75% reimbursement on compliance expenses, max ₹25 lakh/IEC. FLOWS subsidizes 30% of overseas fulfillment projects over three years. LIFT tackles district disparities with 30% freight reimbursement up to ₹20 lakh/year. INSIGHT bolsters capabilities with 50-100% funding for trade analytics and clusters.
Complementing earlier rollouts—market access, interest subsidies, collateral aid—10 of EPM’s 11 components are now active. This strategic arsenal positions MSMEs for exponential growth, fortifying India’s export ecosystem and promising ripple effects on employment and GDP.