The Union Cabinet approved the Export Promotion Mission (EPM) as a flagship structural reform in India's trade policy, with a total outlay of ₹25,060 crore for the period FY 2025–26 to FY 2030–31. The EPM marks a strategic shift from the previous system of fragmented, sector-specific export support schemes to a single, outcome-based and digitally driven framework designed to accelerate India's export growth trajectory and achieve the target of USD 2 trillion in total exports by 2030-31. The Mission consolidates multiple existing export incentive and market development schemes under one administrative roof, enabling better tracking of outcomes, reducing duplication, and aligning support with high-priority export sectors identified in India's Foreign Trade Policy. Key components include: enhanced Market Access Initiatives (MAI) for Indian exporters; strengthened Export Credit Guarantee Corporation (ECGC) coverage to reduce financing risk; technology upgradation support for export-oriented MSMEs; and a dedicated digital platform for exporter facilitation, compliance, and real-time export data analytics. The EPM also incorporates support for services exports — India's fastest growing export category — particularly IT/ITeS, tourism, and professional services. For Rajasthan, the EPM is significant as the state is a major exporter of handicrafts, textiles, gems and jewellery, and agro-products. Rajasthan's handicraft and textile exporters, many of whom are small artisans and weavers, are expected to benefit from the enhanced MSME-focused export support, market access facilitation, and export credit guarantee coverage provided under the Mission.
India's Export Promotion Mission (EPM) Approved: ₹25,060 Crore Outlay for FY 2025-31 as Government Shifts to Unified, Outcome-Based Export Support Framework
The Union Cabinet approved the Export Promotion Mission (EPM) as a flagship structural reform in India's trade policy, with a total outlay of ₹25,060 crore for the period FY 2025–26 to FY 2030–31. The EPM marks a strategic shift from the previous system of fragmented, sector-specific export support schemes to a single, outcome-based and digitally driven framework designed to accelerate India's export growth trajectory and achieve the target of USD 2 trillion in total exports by 2030-31. The Mission consolidates multiple existing export incentive and market development schemes under one administrative roof, enabling better tracking of outcomes, reducing duplication, and aligning support with high-priority export sectors identified in India's Foreign Trade Policy. Key components include: enhanced Market Access Initiatives (MAI) for Indian exporters; strengthened Export Credit Guarantee Corporation (ECGC) coverage to reduce financing risk; technology upgradation support for export-oriented MSMEs; and a dedicated digital platform for exporter facilitation, compliance, and real-time export data analytics. The EPM also incorporates support for services exports — India's fastest growing export category — particularly IT/ITeS, tourism, and professional services. For Rajasthan, the EPM is significant as the state is a major exporter of handicrafts, textiles, gems and jewellery, and agro-products. Rajasthan's handicraft and textile exporters, many of whom are small artisans and weavers, are expected to benefit from the enhanced MSME-focused export support, market access facilitation, and export credit guarantee coverage provided under the Mission.
Key facts
- Union Cabinet approved Export Promotion Mission (EPM) with ₹25,060 crore outlay for FY 2025-31.
- EPM consolidates fragmented export schemes into a single outcome-based, digitally driven framework.
- India targets USD 2 trillion in exports by 2030 through the Export Promotion Mission.
- Key components include enhanced Market Access Initiatives and strengthened ECGC export credit coverage.
- EPM supports services exports — India's fastest growing category — especially IT/ITeS and tourism.
- Rajasthan's handicraft, textile, and gem exporters will benefit from MSME-focused export support measures.
PYQPrelims/PYQ angle
- RAS 2024 Export Preparedness Index and its purpose — This PYQ asks about export support frameworks; the EPM article discusses India's unified outcome-based export promotion with ₹25,060 crore outlay targeting USD 2 trillion exports by 2030.
Mains angle
Q: Evaluate the Export Promotion Mission as a structural reform in India's trade policy framework.
Answer (50 words):
The EPM consolidates fragmented export schemes into a unified framework with ₹25,060 crore outlay for FY 2025-31, targeting USD 2 trillion exports by 2030. It strengthens ECGC coverage, supports MSME technology upgradation, and includes services exports. Rajasthan's handicraft and textile artisans benefit from dedicated export facilitation and credit guarantee provisions.
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What is the total outlay approved by the Union Cabinet for the Export Promotion Mission (EPM) for FY 2025-26 to FY 2030-31?
According to the article, the Union Cabinet approved the Export Promotion Mission (EPM) with a total outlay of ₹25,060 crore for the period FY 2025-26 to FY 2030-31.
Source: PIB / PRS India
Frequently asked questions
What is India's Export Promotion Mission (EPM) and what is its total financial outlay?
India's Export Promotion Mission (EPM) is a flagship structural reform approved by the Union Cabinet, consolidating fragmented sector-specific export support schemes into a single, outcome-based, digitally driven framework. It carries a total outlay of ₹25,060 crore for FY 2025–26 to FY 2030–31, targeting USD 2 trillion in total exports by 2030-31.
What is the USD 2 trillion export target under EPM and by when must it be achieved?
Under the Export Promotion Mission, India targets achieving USD 2 trillion in total exports (merchandise plus services) by 2030-31. This represents a significant scale-up from India's current export levels and is premised on consolidating and amplifying export support across goods, services, and MSME sectors.
What role does ECGC play in the Export Promotion Mission?
The Export Credit Guarantee Corporation of India (ECGC) provides export credit insurance to Indian exporters and banks, protecting against payment default risks from foreign buyers. Under EPM, ECGC coverage is being strengthened to enable more Indian exporters — especially MSMEs — to access credit and enter riskier or newer international markets with reduced financial exposure.
How does EPM benefit Rajasthan's exporters?
Rajasthan's key export sectors — handicrafts, textiles, gems and jewellery — are predominantly MSME-driven. The Export Promotion Mission's MSME-focused export support measures, enhanced Market Access Initiatives (MAI), and strengthened ECGC coverage directly benefit these exporters by reducing trade financing barriers and opening new international markets.
How does the Export Promotion Mission differ from India's previous export support schemes?
Previously, India's export support was provided through multiple fragmented, sector-specific schemes with overlapping mandates and limited accountability. EPM replaces this with a single, unified, outcome-based framework with digital monitoring, measurable export targets, and consolidated delivery through a Centralised Export Promotion Portal — improving efficiency, transparency, and impact.
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