The Indian government has approved a six-year Export Promotion Mission (EPM) worth ₹25,060 crore to help exporters deal with the impact of high US tariffs and other global trade challenges.
Recently, the US imposed 50% tariffs on many Indian goods — the highest in the world after its trade deal with China. As a result, India’s exports to the US dropped by 12% in September, with engineering goods falling by 9.4%.
To support exporters, the Union Cabinet also cleared an additional ₹20,000 crore credit facility under the Credit Guarantee Scheme for Exporters (CGSE). This will allow exporters, especially MSMEs, to get collateral-free loans with 100% government-backed guarantees.
Under the new Export Promotion Mission, special focus will be given to industries most affected by global tariffs — like textiles, leather, gems & jewellery, engineering goods, and marine products.
The scheme will also help exporters:
Meet international quality and certification standards,
Cover logistics, branding, and packaging costs,
Support participation in international trade fairs, and
Encourage expansion into new global markets.
The government said the mission will bring all major export schemes — such as the Interest Equalisation Scheme and Market Access Initiative — under one digital, flexible, and modern framework.
Overall, this step aims to protect export jobs, sustain orders, and boost India’s global trade competitiveness.
