Export Promotion Mission: Niryat Protsahan interest subvention and other support

Updated 15 Oct 2026

This guide is for MSME and other exporters who want to know what the Export Promotion Mission offers, especially cheaper export credit under Niryat Protsahan. It covers what the mission is, its two main components, how to access the interest subvention through your bank, and where things stand in October 2026.

What the Export Promotion Mission is

The Union Budget 2025–26 announced an Export Promotion Mission to be driven jointly by the Ministries of Commerce, MSME and Finance. The Union Cabinet approved it in November 2025 with a total outlay of ₹25,060 crore for FY 2025–26 to FY 2030–31. The aim is to bring several separate export support schemes into a single, outcome-based and adaptable framework, with a focus on MSMEs, first-time exporters and labour-intensive sectors. DGFT is the implementing agency, working with banks and other agencies for the finance components.

The mission has two sub-schemes:

Sub-scheme	Type of support	Examples of instruments
Niryat Protsahan	Financial: making trade finance cheaper and easier to get	Interest subvention, export factoring support, collateral guarantees, credit cards for e-commerce exporters, credit enhancement for entering new markets
Niryat Disha	Non-financial: helping you meet market requirements and reach buyers	Quality and compliance support, international branding and packaging, trade fair participation, warehousing and logistics, reimbursement of inland transport, capacity building

Not every instrument was launched at once. Each is notified separately with its own guidelines, so check which ones are open before you plan around them.

Interest subvention under Niryat Protsahan

The interest subvention is the part most exporters will use first. It replaces the earlier Interest Equalisation Scheme, which has ended. DGFT set it out in Trade Notice 20/2025-26 of 2 January 2026, for export credit sanctioned on or after that date:

the subvention is 2.75% a year on eligible rupee pre-shipment and post-shipment export credit (packing credit and bills purchased or discounted);
the benefit is capped at ₹50 lakh per IEC per financial year;
it is for MSME exporters, both manufacturers and merchant exporters, and only for products on a notified positive list of six-digit HS tariff lines (later amendments added some lines, such as certain Chapter 72 steel items);
you need a Unique Identification Number (UIN) from the DGFT portal, linked to the loan, and banks claim the subvention back through the RBI framework.

Foreign currency loans such as PCFC are not rupee credit, so do not assume they qualify. Read the current notification or ask your bank about eligibility, the products covered and any minimum rate the bank must still charge.

As a rough illustration: if your bank prices rupee packing credit at 9% a year and you are eligible, the subvention would bring your cost down by 2.75 percentage points, to about 6.25%, until you reach the annual cap. You can model your own numbers, with and without subvention, on the pre-shipment finance calculator.

How to access it

Check your eligibility. Confirm your Udyam (MSME) registration is current, your IEC details are up to date on the DGFT portal, and your product's HS code is on the positive list.
Talk to your bank. The subvention is passed on by the bank that gives you export credit. Ask whether it is participating, what documents it needs, and whether the benefit is given upfront in the interest rate or credited later.
Generate the UIN. Generate the Unique Identification Number on the DGFT portal and give it to your bank, which links it to your export credit. Without it the bank cannot pass on the benefit.
Keep shipments and realisation on track. Subvention is meant for genuine export credit. Packing credit that is not liquidated by an export, or a bill that is not realised, may lose the benefit, so ask your bank how it treats such cases.
Watch the cap. If you bank with more than one lender, the ₹50 lakh limit applies per IEC across all of them, so keep your own running total.

Collateral support and other finance instruments

Niryat Protsahan also includes collateral guarantees, to help small exporters borrow without full security, along with support for export factoring, credit cards for e-commerce exporters and credit enhancement for new markets. A related but separate scheme, the Credit Guarantee Scheme for Exporters (CGSE), approved by the Cabinet on 12 November 2025, gives lenders a 100% guarantee through the National Credit Guarantee Trustee Company (NCGTC) for up to ₹20,000 crore of additional collateral-free credit to MSME and non-MSME exporters. Ask your bank whether you qualify. Banks and agencies will apply their own credit checks even when a guarantee is available. If you sell on credit terms, combine any such support with ECGC cover on your buyers; the two do different jobs.

Niryat Disha: non-financial support

Niryat Disha funds help with the costs that stop small exporters entering markets: testing and certification to meet buyer-country standards, branding and packaging, participation in trade fairs and buyer-seller meets, overseas warehousing and logistics, and inland transport, particularly from remote regions. Applications typically go through DGFT, export promotion councils or other notified agencies, depending on the component.

RELIEF

The Resilience and Logistics Intervention for Export Facilitation (RELIEF), approved in March 2026 under the mission, supports exporters hit by the West Asia shipping disruption: extraordinary freight, higher insurance premiums and war-related risk. It applies to shipments for delivery or trans-shipment in the UAE, Saudi Arabia, Israel, Kuwait, Qatar, Oman, Bahrain, Iraq, Iran and Yemen. ECGC is the nodal and implementing agency for all three components:

Component	Who it is for	What it gives
I	Existing ECGC policyholders, shipments from 14 February to 15 March 2026	Cover up to 100% at existing premium rates
II	Exporters taking ECGC cover for new shipments, from 16 March 2026	Cover up to 95% at existing premium rates
III	MSMEs without ECGC cover, shipments from 14 February to 15 March 2026	Reimbursement of up to 50% of the extra freight and insurance cost, up to ₹50 lakh per exporter

Component II originally covered shipments up to 15 June 2026. DGFT extended it to 30 September 2026 (Notification 21/2026-27) and then to 31 March 2027 (Notification 37/2026-27). Policyholders apply through ECGC's online portal; read ECGC's standard operating procedure for the documents needed.

Status in October 2026

The mission is being rolled out in stages. The interest subvention and the credit guarantee scheme have been notified, RELIEF Component II is open for shipments up to 31 March 2027, and other Niryat Protsahan and Niryat Disha instruments are being notified one by one. New guidelines, application windows and portal modules appear on the DGFT website and in Exportsmitra alerts.

Watch out for

Do not price a contract on the assumption that a subvention or grant will be available. Confirm it is notified and that you qualify.
Keep your IEC, Udyam and bank details consistent: mismatches are a common reason claims are delayed.
Apply only through official channels: the DGFT portal, your bank or your export promotion council.

Related on Exportsmitra

Sources

Last checked 1 October 2026. Rules change: confirm with your bank and DGFT before you act.

Spotted something out of date? Tell us

Our guides are drafted with the help of AI and checked against official sources, but rules change often and mistakes can slip through. Please confirm with DGFT, CBIC, RBI, ECGC or your bank before you act. General information only, not legal or financial advice.