Union Minister Piyush Goyal has greenlit seven strategic interventions under the Export Promotion Mission (EPM), a cornerstone initiative to propel MSMEs onto the world stage. Announced in New Delhi, these measures promise to resolve longstanding export challenges and drive equitable growth.
From finance to fulfillment, the lineup fortifies India’s exporters against global headwinds. Here’s what exporters can look forward to:
Export factoring slashes working capital costs with 2.75% subsidies through approved channels, limited to ₹50 lakh per MSME per year—processed digitally for efficiency.
E-commerce gets tailored financing: up to ₹50 lakh direct credit with 90% guarantees, ₹5 crore for inventory abroad at 75%, and 2.75% interest relief up to ₹15 lakh yearly.
High-potential markets open up via innovative risk and credit mechanisms. TRACe eases international standards with 60-75% reimbursements on testing/certification, max ₹25 lakh per IEC.
FLOW streamlines overseas warehousing for e-commerce, funding 30% of costs for three years. LIFT tackles transport woes in export-laggard districts with 30% freight rebates up to ₹20 lakh annually. INSIGHT fuels smarts with 50-100% aid for intelligence platforms, training, and cluster development.
Complementing three active schemes—market access, pre/post-shipment subsidies, and collateral aid—EPM now has 10 live measures. This holistic ecosystem will empower thousands of MSMEs, fostering a resilient export engine that benefits economies from urban hubs to rural districts.