Prime Minister Narendra Modi said the Cabinet’s approval of the Export Promotion Mission and Credit Guarantee Scheme for Exporters will strengthen India’s global competitiveness, empower MSMEs, and support Aatmanirbhar Bharat.
Prime Minister Narendra Modi said on Thursday that the recent Cabinet decisions on export promotion and industrial policy reforms will enhance India’s global competitiveness and accelerate the country’s journey toward achieving the vision of Aatmanirbhar Bharat (self-reliant India).
During a Cabinet meeting chaired by Prime Minister Modi on November 12, 2025, the government approved two major initiatives — the Export Promotion Mission (EPM) and the Credit Guarantee Scheme for Exporters (CGSE). These measures aim to strengthen India’s export ecosystem, empower MSMEs, and support new and labour-intensive industries.
Export Promotion Mission to Strengthen ‘Made in India’
Highlighting the importance of the new initiatives, PM Modi said on platform X (formerly Twitter): “Ensuring ‘Made in India’ resonates even louder in the world market! The Union Cabinet approved the Export Promotion Mission, which will improve export competitiveness, help MSMEs, first-time exporters and sectors that are labour-intensive.”
He added that the mission will bring together key stakeholders from various sectors to develop an outcome-based and efficient mechanism for promoting exports. The move is expected to make Indian products more competitive in international markets by improving policy coordination and reducing procedural bottlenecks.
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Credit Guarantee Scheme to Ease Business Operations
The Credit Guarantee Scheme for Exporters (CGSE), also approved by the Cabinet, is designed to facilitate smoother business operations and expand credit access for small and medium exporters.
According to the Prime Minister, the scheme will help exporters avail loans without collateral, enhance liquidity, and boost India’s global competitiveness.
PM Modi emphasized that such measures will ensure the steady growth of India’s export sector, paving the way for the country to become a leading participant in the global supply chain while reinforcing its self-reliance.
Royalty Rate Rationalisation for Key Green Minerals
In another major decision, the Cabinet approved the rationalisation of royalty rates for four critical minerals — graphite, caesium, rubidium, and zirconium — which are vital for the green energy and advanced manufacturing sectors.
The Prime Minister noted, “This Cabinet decision will boost sustainability and self-reliance. It will strengthen supply chains and create job opportunities as well.”
The rationalisation is expected to make mineral extraction more economically viable, attract investment in India’s mining and renewable energy sectors, and reduce import dependence.
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