In November 2024, the Union Cabinet chaired by the Prime Minister (PM)Narendra Modiapproved two major initiatives with an outlay ofRs 45,060 croresto strengthen India’s export ecosystem and ease liquidity pressures for exporters.
- The cabinet launched the Credit Guarantee Scheme for Exporters (CGSE)and the Export Promotion Mission (EPM)to support exporters, particularly MSMEs (Micro, Small and Medium Enterprises).
Export Promotion Mission (EPM)
Objective:EPM is a flagship initiative announced in the Union Budget 2025-26 to strengthen India’s export competitiveness, particularly for MSMEs, first-time exporters and labour-intensive sectors.
Implementing Agency:The Directorate General of Foreign Trade (DGFT), Minister of Commerce and Industries (MoCI) will act as the implementing agency and manage all processes through a dedicated digital platform integrated with existing trade systems.
Credit Guarantee Scheme for Exporters (CGSE)
Objective:The scheme aims to provide 100% credit guarantee coverage by National Credit Guarantee Trustee Company Limited (NCGTC)to Member Lending Institutions (MLIs)for extending additional credit facilities up to Rs20,000 cr.
Implementation:The scheme will be valid tillMarch 31,2026, and shall be implemented by the Department of Financial Services (DFS) through NCGTC.
IAS-2026 - OPTIONAL / GEOGRAPHY / PUBLIC ADMINISTRATION / SOCIOLOGY / ANTHROPOLOGY / ORIENTATION ON 03 & 04-10-2025 
