India Launches New MSME Export Missions
The Indian central government launched seven new Export Promotion Mission interventions for its 2025–2030 program. The initiative aims to increase MSME access to global markets, digital infrastructure, and export training, including handholding for onboarding onto digital marketplaces.
- The Export Promotion Mission has a total budget of ₹25,060 crore (approximately $2.75 billion) to be implemented over six years, from fiscal year 2025-26 to 2030-31. - The mission is organized under two pillars: 'Niryat Protsahan' which focuses on financial support, and 'Niryat Disha' which aims to strengthen the broader trade ecosystem. - New credit facilities specifically target e-commerce exporters, including a Direct E-Commerce Credit Facility of up to ₹50 lakh with 90% guarantee coverage and an Overseas Inventory Credit Facility of up to ₹5 crore. - To ease regulatory hurdles, the TRACE (Trade Regulations, Accreditation and Compliance Enablement) intervention will reimburse 60-75% of eligible testing, inspection, and certification costs, capped at ₹25 lakh annually per exporter. - The share of MSMEs in India's total merchandise exports increased to 48.55% in the 2024-25 fiscal year, up from 45.74% in 2023–24. - These interventions aim to address systemic challenges for MSMEs, including high logistics costs, complex compliance, and limited access to affordable export credit. - Union Minister of Commerce and Industry, Piyush Goyal, launched the new measures, which will be implemented in coordination with the Ministry of MSME, Ministry of Finance, EXIM Bank, and the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
