Politics · India Bureau
Government to fund certification costs for micro, small exporters
The Centre will bear certification expenses for micro and small enterprises participating in the Export Promotion Mission, according to Commerce Minister Piyush Goyal. The initiative, approved in November with a ₹25,060 crore allocation, aims to boost exports from India's smallest businesses over six financial years.
LSN India ·
The government will absorb certification costs for micro and small exporters as part of its Export Promotion Mission (EPM), Commerce and Industry Minister Piyush Goyal announced. The move is designed to reduce financial barriers and encourage smaller enterprises to enter international markets.
The Union cabinet had approved the comprehensive mission in November with a substantial budget outlay of ₹25,060 crore spread across six financial years. The scheme represents a significant commitment to strengthening India's export ecosystem by supporting enterprises at the grassroots level.
By removing certification expenses, the government aims to make export participation more accessible to micro and small businesses, which often face resource constraints. Certification requirements, including quality standards and compliance documentation, typically represent a considerable expense for smaller exporters attempting to enter global trade.
The Export Promotion Mission is expected to provide structured support across multiple dimensions, enhancing India's competitive position in international markets while fostering entrepreneurship among small-scale manufacturers and traders. Officials believe the initiative will help unlock export potential across various sectors and regions.