About Export Promotion Mission:
- It is a flagship initiative announced in the Union Budget 2025-26.
- It seeks to enable broad-based, inclusive, and sustainable export growth over six years (FY 2025-31) by exploring approaches beyond conventional mechanisms to address key bottlenecks faced by Indian exporters, especially MSMEs.
- It is driven jointly by the Ministries of Commerce and Industry, the Ministry of Micro, Small and Medium Enterprises, and the Ministry of Finance to enhance export competitiveness by facilitating improved access to export credit, enabling cross-border factoring, and assisting MSMEs in addressing non-tariff barriers in global markets.
- The Department of Commerce is the lead department for the Mission.
- The mission is proposed to be implemented through two sub-schemes - Niryat Protsahan (over Rs 10,000 crore) and Niryat Disha (over Rs 14,500 crore).
- The main elements under the Niryat Protsahan scheme being considered by the government, include interest equalisation support worth over Rs 5,000 crore for six financial years (2025-2031), support for alternative trade finance instruments, a credit card for e-commerce exporters, and other financing mechanisms to bridge liquidity gaps faced by exporters.
- Similarly, under Niryat Disha, the proposed components include support for export quality compliance (about Rs 4,000 crore), overseas market development (over Rs 4,000 crore), branding, export warehousing and logistics, and capacity building to integrate more Indian enterprises into global value chains.
