Related News

Isro chairman V Narayanan (Right) NEW DELHI: Isro chairman V Narayanan has revealed that the space agency is collaborating with the Department of Atomic Energy (DAE) to develop an advanced

Patna: A monumental banyan tree (Ficus benghalensis) located on the Indian Tobacco Company (ITC) campus in Munger has been identified as one of the world’s oldest scientifically dated living trees

NEW DELHI: Unexpected side effects from medicines often come to light only after a drug is widely used. To strengthen monitoring of such cases, India’s drug regulator has directed pharmaceutical

Mathematical model reveals how ambitious you should be. A mathematical model has now cracked the exact degree to which one should be ambitious and unlike conventional wisdom, it says ‘don’t

NEW DELHI: NASA’s Psyche spacecraft has pulled off a dramatic flyby of Mars, capturing striking close-up views of the Red Planet, including the massive Huygens Crater, as it slingshots deeper

For a long time, scientists believed that only amphibians like salamanders could regrow complex limbs. But then came some groundbreaking findings from Texas A&M University. Researchers there discovered that mammals

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Indian exporters get support under new EPM scheme: Government plans Rs25,000 crore package; launch two new programs to curb tariff impact

Word Count: 674 | Estimated Reading Time: 4 minutes


Indian exporters get support under new EPM scheme: Government plans Rs25,000 crore package; launch two new programs to curb tariff impact

NEW DELHI: The government is preparing a support package worth about Rs 25,000 crore under the Export Promotion Mission (EPM), announced in the Union Budget 2025-26, to strengthen Indian exporters over the next six financial years (2025-31). PTI sources said the initiative aims to provide affordable credit, improve market access, and cushion exporters from the impact of Trump’s 50% tariffs on Indian goods, which take effect on August 27. Sectors like textiles, chemicals, leather, and footwear are expected to be hit hardest.According to officials, the commerce ministry has sent the proposal to the expenditure finance committee (EFC) of the finance ministry. Once cleared, it will be placed before the Union Cabinet for approval.“The main focus is on providing easy and affordable credit to the exporter community,” they said.The Export Promotion Mission seeks to enable broad-based, inclusive, and sustainable export growth by addressing bottlenecks faced by Indian exporters, especially MSMEs.

Two flagship schemes: Niryat Protsahan and Niryat Disha

The mission is structured around two sub-schemes — Niryat Protsahan (Rs 10,000+ crore) and Niryat Disha (Rs14,500+ crore).

  • Under Niryat Protsahan, key measures include interest equalisation support worth Rs 5,000+ crore, financing alternatives, a credit card for e-commerce exporters, and mechanisms to bridge liquidity gaps.
  • Under Niryat Disha, support will focus on export quality compliance (Rs4,000 crore), overseas market development (Rs4,000 crore), branding, warehousing, logistics, and capacity building to integrate Indian firms into global value chains.

The Export Promotion Mission will be anchored in a collaborative framework involving the Department of Commerce, MSME Ministry, Finance Ministry, Exim Bank, ECGC, CGTMSE, NCGTC, export promotion councils, commodity boards, industry bodies, and state governments.Officials said the measures are designed to help MSMEs, the backbone of India’s exports, access affordable trade finance and global markets, reported PTI,Despite global headwinds, Indian exports have shown resilience. In July 2025, exports rebounded 7.29% to $37.24 billion, though the trade deficit widened to an eight-month high of $27.35 billion.During April–July 2025-26, exports grew 3.07% to $149.2 billion, while imports rose 5.36% to $244.01 billion.





Source link

Most Popular Articles