In a major push to accelerate India’s export momentum, the Union Cabinet has approved a new Credit Guarantee Scheme for Exporters, offering a 100 per cent credit guarantee across the board, including for MSME exporters. The scheme is expected to unlock an additional Rs 20,000 crore in credit, easing liquidity constraints and boosting India’s global trade competitiveness at a time when exporters are navigating volatile global markets. Announcing the decision, Information and Broadcasting Minister Ashwini Vaishnaw said the initiative aligns with India’s ambition to reach a one-trillion-dollar export target and reinforces the government’s broader Aatmanirbhar Bharat agenda.

In a parallel move aimed at strengthening domestic availability of critical minerals, the Cabinet approved a revision in royalty rates for caesium, graphite, rubidium, and zirconium. Vaishnaw noted that rationalised royalties would accelerate the auction of mineral blocks and significantly enhance India’s capacity to mine strategic minerals such as lithium, tungsten, and niobium. Higher domestic production is expected to curb import dependence, improve supply chain security, and generate new employment opportunities across the mining and advanced materials sectors.

The Cabinet also gave the green light to the Export Promotion Mission (EPM), a flagship programme with an outlay exceeding Rs 25,000 crore. Announced in the Union Budget 2025-26, the mission has been designed to sharpen India’s export competitiveness—particularly for MSMEs, first-time exporters, and labour-intensive industries that have traditionally faced barriers to scaling in global markets.

Vaishnaw said the mission represents a decisive shift from fragmented, scheme-based support to a unified, outcome-oriented, and digitally integrated export promotion framework covering FY 2025-26 to FY 2030-31. With built-in flexibility, EPM aims to respond quickly to global trade disruptions, streamline exporter support systems, and create a more adaptive ecosystem for navigating evolving market conditions.

Together, the new credit guarantee scheme, revised mineral royalties, and the Export Promotion Mission signal a coordinated effort to strengthen India’s export engine—blending liquidity support, strategic resource security, and a modernised, technology-driven export architecture.