The Union Cabinet has cleared a new Export Credit Guarantee Scheme and unveiled a ₹25,000 crore Export Promotion Mission, marking a major step to strengthen India’s trade and support exporters. The twin initiatives are designed to provide greater financial security to businesses and expand India’s presence in global markets.
Officials explained that the Export Credit Guarantee Scheme will help reduce risks for exporters by ensuring timely payments and safeguarding against defaults. This is expected to encourage more small and medium enterprises to participate in international trade with confidence.
The ₹25,000 crore Export Promotion Mission will focus on boosting competitiveness, diversifying export products, and opening new markets. By investing in infrastructure, technology, and capacity building, the mission aims to create a stronger ecosystem for Indian exporters.
Industry leaders have welcomed the Cabinet’s decision, noting that these measures will not only support businesses but also contribute to job creation and economic growth. The initiatives reflect the government’s commitment to making India a more resilient and globally competitive economy.
