The Ministry of Commerce and Trade has drawn up a Rs 25,000 crore proposal for WTO-compliant assist schemes, primarily to assist finance small exporters in labour-intensive sectors corresponding to textiles, gems & jewelry, and marine merchandise below the Export Promotion Mission for a six-year interval.
A senior official confirmed that the proposal has been despatched to the Finance Ministry for approval, after which will probably be forwarded for Cupboard approval earlier than it’s lastly rolled out.
These schemes have been designed to be compliant with World Commerce Organisation (WTO) laws and can give attention to commerce finance and bettering market entry for exporters.
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The brand new package deal of schemes below the Export Promotion Mission follows the Rs. 2,250 crore mission introduced within the 2025-26 Union Funds, which has not but been rolled out. The launch has gained additional urgency given the uncertainties within the worldwide market because of the hike in US tariffs.
There’s a have to diversify markets, and the schemes may also give attention to growing the logistics chain and advertising and marketing to diversify markets for Indian exports.
The federal government views this mission as a long-term technique that addresses challenges past simply tariffs and commerce wars. The technique contains selling exports, diversifying each markets and the export baskets to make them extra aggressive. The excessive rates of interest within the Indian banking sector are inclined to put the nation’s exporters at a drawback vis-a-vis their opponents, and financing on extra reasonably priced phrases would assist to bridge this hole.
The schemes purpose to assist exporters by providing collateral-free loans, supporting different monetary devices, and offering help for brand new markets.
The schemes will likely be applied in coordination with the MSME Ministry, because the sector is the very best employer within the nation.
India’s merchandise exports registered a 7.29 per cent improve to $37.24 billion in July this yr, in contrast with the corresponding determine of $34.71 billion in the identical month final yr, in keeping with the most recent information compiled by the Commerce Ministry.
“Regardless of an unsure world coverage setting, India’s companies and merchandise exports in July and in FY26 thus far have grown considerably, and are a lot increased than the worldwide exports progress,” Commerce Secretary Sunil Barthwal mentioned.
The surge in items exports can also be attributable to stepped-up shipments as exporters forward of the upper US tariffs which have kicked in from August.
Throughout April-July 2025-26 of the present monetary yr, exports have now registered a rise of three.07 per cent to $149.2 billion, whereas imports have risen by 5.36 per cent to $244.01 billion throughout this era.
Barthwal additional said that the federal government is making efforts to diversify the nation’s exports to different nations, following the steep hike in tariffs introduced by the US. The federal government is searching for to fast-track free commerce pacts and perform a overview of present pacts corresponding to these with the EU, the UK, the EFTA, Oman, the ASEAN, New Zealand, Peru, and Chile.
He additionally mentioned that the federal government needs to strengthen export promotion schemes. He mentioned steps have been being taken to broaden focus to the highest 50 importing nations through the mobilisation of missions overseas for export promotion efforts.
