Govt mulls Rs 25,000 cr. support for exporters

The government is considering support measures worth about Rs 25,000 crore for exporters under the Export Promotion Mission, announced in the Budget, for six financial years (2025-2031). The main focus is on providing easy and affordable credit to the exporter community. The Commerce Ministry has sent the proposal to the Expenditure Finance Committee (EFC) of the Finance Ministry, it is learnt. 

The mission is proposed to be implemented through two sub-schemes - Niryat Protsahan (over Rs 10,000 crore) and Niryat Disha (over Rs 14,500 crore). The measures, if approved, can help insulate domestic exporters from global trade uncertainties arising from Trump tariffs. The US has imposed a hefty 50% tariff on Indian goods, starting August 27. At present, a 25% duty is in place. After the approval of the proposal from the EFC, the Commerce Ministry would approach the Union Cabinet, as per a report.

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