PTI New Delhi

The Commerce Ministry's Export Promotion Mission (EPM) is expected to feature up to 12 components, including easy credit schemes for MSME, e-comm exporters, facilitation of overseas warehousing, and global branding initiatives, to tap emerging export opportunities and strengthen trade tools for small businesses, an industry official said..

The Directorate General of Foreign Trade (DGFT) showed a presentation on this mission to the representatives of export promotion councils and other key stakeholders on April 30. The DGFT has also sought the views of the councils on this before finalising the schemes under this mission.

The EPM is divided into two broad categories-Providing Trade Finance Support  and Driving International Holistic Market Access Initiative.  Under first category, six sub-schemes are under consideration; the Niryat Rin Vikas Sub-Scheme for MSMEs and new exporters; support for emerging export opportunities; support for trade instruments for MSMEs; collateral support for export credit for MSME exporters; e-commerce export credit card sub-scheme and BharatTradeNET. Similarly in the NIRYAT DISHA initiative, there are also six elements. 

These are Technical regulations and compliance rnablement; focussed market access initiative; facilitating export logistics and overseas warehousing; global outreach for branding exports; export planning and development for districts and clusters; R&D support sub-scheme for India Centre for Lab Grown Diamond at IIT Madras, Chennai. The collateral support for export credit for MSME exporters sub-scheme's objective is to provide back-up collateral upwards of 80% or as decided by the collateral support agency to MSMEs and e-commerce exporters.