The Union Budget 2025 has announced to set up an Export Promotion Mission to enhance access to export credit, cross-border factoring support, and support to MSME. The mission will be jointly driven by the Ministries of Commerce, MSME, and Finance. Additionally, a new Fund of Funds for Startups, with a contribution of ₹10,000 crores, will be introduced, while the incorporation period for startups to avail benefits has been extended by five years, covering those registered before April 1, 2030.To improve credit accessibility, the Credit Guarantee Cover (CGC) has been significantly increased. For Micro and Small Enterprises (MSEs), the CGC has doubled from ₹5 crores to ₹10 crores, facilitating an additional ₹1.5 lakh crore in credit over the next five years. For startups, the CGC has been raised from ₹10 crores to ₹20 crores, with the guarantee fee moderated to 1% for loans in 27 focus sectors crucial to the Atmanirbhar Bharat initiative. Well-performing exporter MSMEs will also benefit from term loans of up to ₹20 crores.
A National Framework for Global Capability Centres (GCCs) will be introduced, providing guidance for Tier-2 cities to develop these centres. Additionally, the government will upgrade infrastructure and warehousing for air cargo, particularly for high-value perishable horticulture products.
The Jan Vishwas Bill 2.0 will be introduced to further decriminalise over 100 provisions across various laws, building on the Jan Vishwas Act 2023, which had already decriminalised more than 180 legal provisions.To enhance export competitiveness, the government will establish Bharat Trade Net (BTN)—a unified digital public infrastructure for trade documentation and financing solutions. Further easing export regulations, the time period for handicraft exports has been extended from six months to one year. A new provision has also been introduced, allowing importers and exporters to voluntarily declare material facts and pay duties with interest, without incurring penalties, encouraging compliance and transparency in trade.
