The Ministry of Commerce and Industry has launched two key interventions under the NIRYAT PROTSAHAN sub-scheme of the Export Promotion Mission (EPM) to strengthen exports by Micro, Small and Medium Enterprises (MSMEs) and improve their access to trade finance. The Union Cabinet had earlier approved the Export Promotion Mission with a total outlay of ₹25,060 crore for the period FY 2025-26 to FY 2030-31. The first intervention introduces an interest subvention on pre- and post-shipment rupee export credit granted by eligible lending institutions, with the aim of reducing the interest cost on export credit and easing working-capital constraints faced by MSME exporters. A base rate of interest subvention of 2.75 percent has been agreed upon, with additional incentives planned for exports to underrepresented or emerging markets once the scheme achieves operational readiness. The second intervention provides collateral-guarantee support for export credit, arranged in association with the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE). This addresses the collateral constraint that most MSME exporters face in accessing bank finance. The scheme provides coverage of up to 85 percent for Micro and Small exporters and up to 65 percent for Medium exporters, with a limit of ₹10 crore per exporter per year. Both interventions will be implemented on a pilot basis with ongoing monitoring and data-driven refinements. The broader Export Promotion Mission aims to enhance India's export competitiveness, diversify markets, and support labour-intensive and first-time exporters, and includes complementary components such as Niryat Disha for interior and low-export-intensity districts.