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Informist, Friday, Mar. 6, 2026

 

NEW DELHI – The government on Friday launched two schemes under the Export Promotion Mission to support domestic exporters amid trade disruption due to the military conflict in West Asia. The schemes – support for the emerging export opportunities and credit assistance for e-commerce exporters – have been implemented prospectively, the Directorate General of Foreign Trade said in separate notices.

 

Earlier Friday, Commerce and Industry Minister Piyush Goyal said the government was supporting exporters to meet commitments amid the conflict in West Asia, which has disrupted cargo movement in the region.

 

The Union Cabinet had approved the Export Promotion Mission for six years in November with an outlay of INR 250.60 billion. The government had said that the mission would consolidate key export support schemes, including the interest equalisation scheme and market access initiative, to address contemporary trade needs.

 

The credit assistance scheme will enhance access to working capital for micro, small, and medium enterprises involved in international value chains through e-commerce, enabling them to manufacture goods in advance of anticipated demand and scale their participation in global markets, the notice said.

 

Under the scheme, credit guarantee will be available to banks for credit assistance extended by them in the form of cash credit, overdraft, or other working capital facilities to eligible beneficiary entities. This will also be supported through interest subvention, the government said.

 

Commercial banks and financial institutions will have to register with the National Credit Guarantee Trustee Co. Ltd. as a partner lending institution to be covered under the scheme. The exporters will have to apply on the DGFT portal to get financial assistance under the scheme.

 

Similarly, the scheme for emerging export opportunities will facilitate enhanced global trade connectivity and liquidity in underserved markets by enhancing confidence in trade settlements. This will strengthen the banks' capacity to support constrained cross-border transactions and to foster partnerships between Indian banks and banks abroad, the DGFT said. The intervention will be operationalised on a pilot basis for feedback, institutional learning, and data-driven refinements, the DGFT said.  End

 

Reported by Sagar Sen

Edited by Saji George Titus

 

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