Government Approves ₹25,060 Crore Export Promotion Mission and Credit Scheme Expansion

India approved a ₹25,060 crore export mission and expanded credit guarantees to support exporters, strengthen competitiveness, and ease financing stress for businesses.

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Government Approves ₹25,060 Crore Export Promotion Mission and Credit Scheme Expansion

Government Approves ₹25,060 Crore Export Promotion Mission and Credit Scheme Expansion
India’s Cabinet approved a major ₹25,060 crore export promotion mission aimed at accelerating outbound trade and improving the competitiveness of domestic industries. The program incorporates expanded credit guarantee support designed to ease financing pressures on businesses facing high working capital requirements. Officials stated that the mission focuses on enhancing export capabilities across manufacturing, technology, and services. The decision is expected to bolster medium-term growth prospects as exporters prepare for evolving global supply-chain trends. Analysts believe the credit scheme’s expansion could benefit MSMEs navigating liquidity constraints.