Friday, January 2, 2026

Govt announces two more credit-linked schemes under Export Promotion Mission

Image used for representational purpose only.

Image used for representational purpose only.
| Photo Credit: Getty Images/iStockphoto

The government on Friday (January 2, 2026) launched two new components of the Export Promotion Mission (EPM) aimed at easing and reducing the cost of the credit access process for exporters.

This comes days after the Ministry of Commerce and Industry notified guidelines for a market access scheme under the EPM. With Friday’s (January 2) launches, three out of 11 schemes under the EPM, which itself was announced in Budget 2025 and received Cabinet approval in November, have now been operationalised.

The two schemes announced on Friday (January 2) would entail an outlay of ₹5,181 crore over six years until 2030-31.

While the market access scheme was under the Niryat Disha aspect of the EPM, aimed at helping exporters become more competitive, the two schemes launched on Friday (January 2) were under the Niryat Protsahan category, which is meant to lower the cost of credit for exporters.

The Interest Subvention for Pre- and Post-Shipment Export Credit scheme will reduce the cost of export finance and “strengthens MSME liquidity, improves competitiveness, and supports India’s integration into global value chains, while ensuring fiscal prudence and compliance”, the Ministry of Commerce said in its announcement. 

“Eligible MSME exporters can avail interest subvention on rupee export credit (pre- and post-shipment) extended by scheduled banks, in accordance with RBI Master Directions,” it added.

The second sub-scheme — Collateral Support for Export Credit — is aimed at giving MSME exporters the ability to access bank credit even with limited collateral or third-party guarantees.

The scheme will be implemented through the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) on a pilot basis and will be applicable to export-linked working capital loans. MSME exporters exporting notified tariff lines will be eligible for the collateral support.

Micro & small exporters would be eligible for up to 85% guarantee, while medium exporters would be capped at a 65% guarantee. The overall guarantee ceiling would be ₹10 crore per exporter for the current financial year. This will be reviewed periodically. 

Exporters are required to file an intent to access credit on the Directorate General of Foreign Trade’s portal, following which the bank would assess the proposal. If it meets the requirements, the CGTMSE would issue the guarantee and the exporter would receive the credit.

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