The Union Cabinet, on Wednesday, announced the long-pending export promotion mission (EPM) for five years with a total outlay of ₹25,060 crore to help exporters deal with US President Donald Trump’s import tariffs and increase their competitiveness in a turbulent global market.

The Cabinet also approved the expansion of the credit guarantee scheme for exporters (CGSE), under which the National Credit Guarantee Trustee Company Ltd (NCGTC) will provide full credit guarantee coverage to banks for up to ₹20,000 crore in additional loans to eligible exporters, including MSMEs.

Priority support

“Under EPM, priority support will be extended to sectors impacted by recent global tariff escalations, such as textiles, leather, gems & jewellery, engineering goods and marine products. The interventi

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