Government Unveils Export Promotion Mission to Boost MSMEs

17 Mar 2026 CW Team

The Mission will operate through two integrated sub-schemes. NIRYAT PROTSAHAN will focus on improving access to affordable trade finance for MSMEs through instruments such as interest subvention, export factoring, collateral guarantees, credit cards for e-commerce exporters and credit enhancement support for market diversification. NIRYAT DISHA will focus on non-financial enablers that improve market readiness and competitiveness including export quality and compliance support, international branding and participation in trade fairs.

In addition, a Credit Guarantee Scheme for Exporters has been approved to provide 100 per cent credit guarantee coverage by the National Credit Guarantee Trustee Company Limited to member lending institutions for extending additional collateral free credit facilities up to Rs 200 bn. The measure is expected to enhance the global competitiveness of exporters and support diversification into new and emerging markets while strengthening liquidity and business continuity. An International Cooperation Scheme will facilitate participation in exhibitions, conferences and buyer-seller meets abroad with reimbursement of export related costs.

The statement noted recent comprehensive GST rationalisation that will strengthen MSMEs by fortifying local supply chains in sectors such as automobiles, textiles, food processing, logistics and handicrafts. Lower GST rates have made raw materials and services more affordable and are expected to motivate small and medium enterprises and start-ups to scale operations, invest in innovation and compete domestically and internationally. The information was provided by the Minister of State for Micro, Small and Medium Enterprises Sushri Shobha Karandlaje in a written reply in Rajya Sabha.

The Government has launched an Export Promotion Mission to strengthen Micro, Small and Medium Enterprises and enhance their competitiveness in global value chains. The Mission will have an outlay of Rupees (Rs) 250.6 billion (bn) for fiscal years 2025–26 to 2030–31 and represents a strategic shift from multiple fragmented schemes to a single adaptive framework. The new approach is intended to respond swiftly to global trade challenges and evolving exporter needs. The Mission will operate through two integrated sub-schemes. NIRYAT PROTSAHAN will focus on improving access to affordable trade finance for MSMEs through instruments such as interest subvention, export factoring, collateral guarantees, credit cards for e-commerce exporters and credit enhancement support for market diversification. NIRYAT DISHA will focus on non-financial enablers that improve market readiness and competitiveness including export quality and compliance support, international branding and participation in trade fairs. In addition, a Credit Guarantee Scheme for Exporters has been approved to provide 100 per cent credit guarantee coverage by the National Credit Guarantee Trustee Company Limited to member lending institutions for extending additional collateral free credit facilities up to Rs 200 bn. The measure is expected to enhance the global competitiveness of exporters and support diversification into new and emerging markets while strengthening liquidity and business continuity. An International Cooperation Scheme will facilitate participation in exhibitions, conferences and buyer-seller meets abroad with reimbursement of export related costs. The statement noted recent comprehensive GST rationalisation that will strengthen MSMEs by fortifying local supply chains in sectors such as automobiles, textiles, food processing, logistics and handicrafts. Lower GST rates have made raw materials and services more affordable and are expected to motivate small and medium enterprises and start-ups to scale operations, invest in innovation and compete domestically and internationally. The information was provided by the Minister of State for Micro, Small and Medium Enterprises Sushri Shobha Karandlaje in a written reply in Rajya Sabha.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..