Directorate General of Foreign Trade, under the Ministry of Commerce & Industry, has issued Trade Notice No. 21/2025-26 dated January 2, 2026, announcing the launch of Collateral Support for Export Credit under the Export Promotion Mission (EPM) – Niryat Protsahan. The scheme aims to improve access to formal export credit for MSME exporters, especially those facing difficulty in providing collateral. Implemented on a pilot basis through the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), the facility provides credit guarantee coverage of up to 85% for Micro and Small exporters and 65% for Medium exporters, with a maximum guarantee limit of ₹10 crore per exporter for FY 2025–26. The support is restricted to export-linked working capital loans for eligible merchandise exports under a notified positive list of HSN six-digit tariff lines and approved lending institutions. The pilot will run alongside stakeholder consultation, with feedback invited within 30 days for refining and formalising the guidelines.
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan, New Delhi
Trade Notice No. 21/2025-26 | Dated: 02nd January 2026
Subject: Launch of Collateral Support for Export Credit under Export Promotion Mission (EPM) – NIRYAT PROTSAHAN – regarding
The Collateral Support for Export Credit component under the Export Promotion Mission (EPM) – NIRYAT PROTSAHAN is hereby launched with immediate effect. The intervention aims to improve access to formal export credit for Micro, Small and Medium Enterprises (MSMEs), particularly exporters facing constraints in providing collateral security. Under this component, eligible MSME exporters may avail credit guarantee support for export-related working capital loans extended by member lending institutions, in accordance with the notified ceilings and coverage parameters.
2. Implementation Framework and Key Benefits for Exporters
The intervention is being operationalised through the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) on a pilot basis.
Salient features for exporters include:
i. Credit guarantee coverage of up to 85% for Micro and Small exporters and 65% for Medium exporters, subject to notified ceilings;
ii. Maximum guarantee limit of ₹10 crore per exporter for FY 2025–26;
iii. Coverage limited to export-linked working capital credit;
iv. Applicability to MSME exporters engaged in merchandise exports under the notified positive list of HSN six-digit tariff lines.
3. The detailed Guidelines for Collateral Support for Export Credit are enclosed at Annexure-I. The positive list of eligible HSN six-digit tariff lines is enclosed at Annexure-II. The list of eligible Member Lending Institutions through which exporters may avail the collateral guarantee support is provided at Annexure-III. The procedure for online filing of intent by eligible MSME exporters on the DGFT portal, including step-by-step application requirements, is enclosed at Annexure-IV.
4. Pilot Roll-out and Stakeholder Consultation
The component is being implemented on a pilot basis to enable early access for exporters and to facilitate stakeholder feedback. In terms of paragraph 1.07A of the Foreign Trade Policy (FTP) 2023, the enclosed Guidelines are also being issued for stakeholder consultation.
Accordingly, all concerned stakeholders are invited to submit comments and suggestions on the draft Guidelines within 30 days from the date of issuance of this Trade Notice at epm-dgft@gov.in.
5. The consultation process shall run concurrently with the pilot implementation. Feedback received from stakeholders, along with operational learnings from the pilot phase, shall be examined in a structured manner. Based on the same, the Guidelines shall be suitably refined and thereafter formalised through appropriate notifications under the FTP/HBP framework.
This Trade Notice is issued with the approval of the Competent Authority.
(Issued from F.No. 01/02/60/AM-26/EPM)
