The Union Cabinet
♦ The Union Cabinet chaired by Prime Minister Narendra Modi on 12 November 2025 approved the Export Promotion Mission (EPM) — a flagship initiative aimed at strengthening India’s export ecosystem with a total outlay of Rs.25,060 crore for the period 2025–26 to 2030–31. ♦ The EPM, first announced in the Union Budget 2025–26, seeks to enhance India’s export competitiveness, particularly for MSMEs, first-time exporters, and labour-intensive sectors. It will consolidate multiple fragmented schemes into a single, outcome-oriented framework that is flexible, technology-driven, and responsive to global trade challenges. ♦ The Mission will be implemented through two sub-schemes — Niryat Protsahan and Niryat Disha. While Niryat Protsahan focuses on improving access to affordable trade finance for MSMEs through measures such as interest subvention, export factoring, and collateral guarantees, Niryat Disha will provide non-financial support for export quality, compliance, branding, packaging, trade fairs, warehousing, and logistics. ♦ The EPM also brings together key export support programmes such as the Interest Equalisation Scheme (IES) and the Market Access Initiative (MAI) under one coordinated mechanism, aligning them with current trade priorities.