In New Delhi on December 8, the Government unveiled a new, all‑in‑one plan to lift India’s exports, especially helping small firms and MSMEs as they face tough global markets. Speaking in the Lok Sabha, Minister Jitin Prasada explained that the strategy will weave together stronger logistics, digital tools, fresh finance and focused market drives to build a tougher, more competitive export environment. He also answered a written question, noting that the government is sharpening its support after recent trade headwinds with flagship schemes and sector‑specific actions. The Union Budget shows a total allocation of Rs 25 060 crore from FY 2025‑26 to FY 2030‑31 to create a flexible, tech‑driven export promotion framework that targets priority industries such as textiles, engineering goods, pharmaceuticals and agriculture.
To shore up liquidity for exporters, the Central Government has rolled out a Credit Guarantee Scheme for Exporters (CGSE). Under the CGSE, the National Credit Guarantee Trustee Company Ltd. will give a 100 % credit guarantee to Member Lending Institutions, allowing them to extend up to Rs 20 000 crore of new credit to eligible exporters, including MSMEs. This will smooth business operations and reinforce India’s Aatmanirbhar Bharat ambition. The Export Credit Guarantee Corporation of India (ECGC) has also added several tools, such as collateral‑free coverage, to spur export credit for MSME exporters who normally cannot present collateral or third‑party guarantees.
The Ministry of Micro, Small and Medium Enterprises runs an International Cooperation Scheme that reimburses eligible central and state organisations and industry bodies to help MSMEs attend overseas exhibitions, buyer‑seller meets and international conferences in India. The programme also pays for first‑time micro and small exporters’ fees for registration, export promotion council membership, export insurance premiums and testing and quality certification.
Another key initiative, Bhar Trade Net (BTN) – announced in the 2025 Budget – is a flagship digital platform created by DGFT. BTN digitises trade documents, improves access to export finance and aligns India’s trade processes with global standards, the minister pointed out.
Beyond these measures, the government is pushing for a broader export mix and less reliance on traditional partners. By leveraging its 15 free trade agreements and 6 preferential trade agreements, the Government is working to help exporters tap the benefits of deals with Japan, Korea, the UAE, EFTA countries and the UK. It is also negotiating early FTAs with the EU, Peru, Chile, New Zealand and Oman, among others, to open up new opportunities for Indian exporters.
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