In a bold move to fortify India’s position in international trade, Commerce Minister Piyush Goyal launched seven game-changing measures under the Export Promotion Mission (EPM) today. Targeted at MSMEs, these steps are designed to dismantle barriers and unlock unprecedented export potential across diverse sectors.
The EPM, a flagship Commerce Ministry drive, equips small businesses with tools to thrive amid global competition. The new package addresses financing, compliance, logistics, and market intelligence—pain points that have long stifled growth.
Breaking it down: Export factoring delivers cheap working capital with 2.75% interest subvention on eligible deals, maxing at ₹50 lakh yearly per MSME via a seamless digital platform.
E-commerce players score big with credit lines—₹50 lakh for direct sales (90% guaranteed) and ₹5 crore for overseas inventory (75% guaranteed), plus 2.75% subsidy up to ₹15 lakh annually.
Emerging market aid uses risk-sharing tools to embolden exporters. TRACe covers 60% (or 75% for priority items) of compliance costs like certifications, capped at ₹25 lakh per IEC.
Overseas logistics get a boost through FLOW, offering 30% project funding for warehousing and fulfillment over three years. LIFT reimburses 30% of freight in underserved districts, up to ₹20 lakh yearly. INSIGHT invests 50-100% in trade intel, training, and district export hubs.
Previously rolled-out schemes like market access support and shipment-linked credit subsidies now join these, activating 10 of 11 EPM pillars. As MSMEs gear up, expect a surge in exports from India’s heartland, redefining the nation’s trade landscape for years to come.