¨ A
new Credit Guarantee Scheme for Exporters has been approved by the Union
Cabinet.
¨
The scheme will provide full credit
protection for exporters, including MSMEs.
¨
The scheme aims to facilitate up to
₹20,000 crore in additional credit.
¨
A revision of royalty rates for minerals
such as caesium, graphite, rubidium, and zirconium has also been approved by
the Cabinet.
¨
This move will promote mineral block
auctions. It will strengthen domestic production of critical minerals like
lithium, tungsten, and niobium.
¨
A new Export Promotion Mission (EPM) has
been approved with a budget of over ₹25,000 crore.
¨
This major initiative was announced in the
Union Budget 2025–26.
¨
It seeks to increase export
competitiveness, especially for MSMEs, new exporters, and labour-intensive
sectors.
¨
The mission will provide a flexible, and
digitally driven framework for export growth from FY 2025–26 to FY 2030–31.
¨ The
mission is a strategic consolidation of scattered export schemes into a single,
unified mechanism.
