India Boosts Exports: New Scheme Offers Cheaper Credit for MSMEs

• India launches two new components under its Export Promotion Mission.
• Niryat Protsahan initiative introduces an interest subvention scheme for MSME exporters.
• Scheme provides 2.75% interest subvention on pre- and post-shipment credit, capped at ₹50 lakh annually.
• Aims to reduce MSME borrowing costs by ~2.5% and enhance global competitiveness.
• Budgetary outlay of ₹5,181 crore over six years, covering 75% of HSN tariff lines.

Why It Matters: India's new interest subvention scheme will make export finance cheaper and more accessible for MSMEs.