Centre Outlines Response To US Tariffs; Announces ₹25,060 Cr Export Promotion Mission, RBI Relief & Credit Support

The Centre on Tuesday in response to impact of escalation in Tariffs imposed by the United States of America has clarified that it is countering through trade negotiations, export promotion schemes, credit support, RBI relief, and FTA diversification. As immediate steps, the following Trade relief measures had been introduced to provide priority support for sectors hit by tariffs including textiles, leather, gems & jewellery, engineering, marine. These are For exporters new Export Promotion Mission with an outlay of Rs. 25,060 crore (FY 2025-26 to 2030-31) having two sub-schemes namely, NIRYAT PROTSAHAN: Affordable trade finance for MSMEs (interest subvention, factoring, guarantees, credit cards) and NIRYAT DISHA: Non-financial enablers (quality compliance, branding, packaging, logistics, trade fairs, intelligence).Credit Guarantee Scheme for Exporters providing Rs. 20,000 crore collateral-free credit via NCGTC to strengthen liquidity and competitiveness.RBI Trade Relief Measures include debt repayment moratorium and extension of tenor for export credit. To mitigate the evolving impact of the U.S. tariff measures, the Centre's efforts are aimed at a 'comprehensive multi-pronged strategy' encompassing intensive engagement with the U.S. Government for a mutually beneficial India-U.S. Bilateral Trade. The Centre emphasized that resilience Of Indian exporters, diversification, and protecting MSMEs remained the focal points. Having recently concluded FTAs with EFTA Countries and the United Kingdon, the Government has pursued Free Trade Agreements (FTAs) with countries like European Union, Peru, Chile, New Zealand, Oman. It has endeavoured to better utilize existing FTAs with maor markets like Japan, Korea, United Arab Emirates. The Centre tabulated figures which indicated that India's exports grew modestly in April–October 2025 compared to 2024. Clickhere to read answerby the Minister of State In The Ministry of Commerce and Industry, Shri Jitin Prasada.

Centre Outlines Response To US Tariffs; Announces ₹25,060 Cr Export Promotion Mission, RBI Relief & Credit Support

Parul Bose

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