Govt Approves New Export Credit Guarantee Scheme, Launches Export Promotion Mission

New Delhi, 13 November 2025: In a major boost, the government has approved a new Credit Guarantee Scheme for Exporters, offering a 100% credit guarantee to exporters, including MSMEs. This scheme will provide up to Rs 20,000 crore in additional credit, strengthening liquidity and enhancing global competitiveness. 

The Information and Broadcasting Minister Ashwini Vaishnaw had stated that the scheme aims to support India’s 1 trillion dollar export target. In a separate decision, the government has revised royalty rates for key minerals like caesium, graphite, rubidium, and zirconium.

This will encourage auctioning of mineral blocks and boost the domestic production of critical minerals such as lithium, tungsten, and niobium. Meanwhile, the increased production will reduce imports, cut supply chain vulnerabilities, and create more employment opportunities in India.

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Also, the Union Cabinet has approved the Export Promotion Mission (EPM) with a total cost budget of around Rs 25,000 crore, which is a flagship initiative announced in the Union Budget 2025-26 to foster the country’s export competitiveness, especially for MSMEs, first-time exporters, and labor-intensive sectors.

The minister has informed that the mission will provide a comprehensive, flexible, and digitally driven framework for export promotion from Financial Year 2025-26 to Financial Year 2030-31. He added that EPM marks a strategic shift from multiple fragmented schemes to a single, outcome-based, and adaptive mechanism that can respond swiftly to global trade challenges and evolving exporter needs.

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