In November 2024, the Union Cabinet chaired by the Prime Minister (PM) Narendra Modi approved two major initiatives with an outlay of Rs 45,060 crores (cr) to 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.

Financial Outlay: The scheme has been approved with a total outlay of Rs.25,060 cr for Financial Year 2025-26 to 2030-31.

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