India’s export ambitions received a massive fillip as Commerce and Industry Minister Piyush Goyal inaugurated seven pivotal schemes within the Export Promotion Mission (EPM). Aimed squarely at MSMEs, this suite of programs is set to transform small enterprises into global powerhouses.
By zeroing in on critical bottlenecks—affordable credit, regulatory hurdles, logistics efficiency, and market insights—these initiatives ensure broad-based export acceleration.
Key highlights: Factoring support offers 2.75% interest cuts on working capital financing, up to ₹50 lakh annually via digital claims from recognized entities.
E-tailers benefit from robust credit: 90% guaranteed ₹50 lakh for direct platforms, 75% on ₹5 crore overseas stock facilities, with subsidies to ₹15 lakh per applicant.
Risk mitigation for new frontiers, TRACe for 60-75% compliance cost refunds (₹25 lakh cap), FLOW for 30% overseas infra aid over three years, LIFT’s 30% freight relief (₹20 lakh limit) in key districts, and INSIGHT’s 50-100% backing for intel and capacity builds.
Joining prior launches like access aid and shipment credits, 10/11 EPM tools are now live. This timely intervention, amid recovering global trade, positions MSMEs for explosive growth, cementing India’s role as an export titan.