Business
Goyal says MSME export certification covered under Rs 25,060 crore
The Hindu BusinessLine·
Commerce Minister Piyush Goyal said the government is willing to bear the entire cost of expensive certification for micro and small exporters under the Export Promotion Mission. The mission outlay is Rs 25,060 crore over six financial years. He told exporters to approach DGFT for support. EU costs including CBAM and EUDR would be covered for those firms.
Prism
What It Means For You
- Micro and small exporters with a valid IEC and Udyam number can seek TRACE certification support.
- Positive List aid is 60 percent of net cost or Rs 25 lakh, whichever is lower, per year.
- Priority Positive List aid rises to 75 percent of net cost or Rs 25 lakh, with the same annual cap.
What's Happening
- EPM runs through Niryat Protsahan at Rs 10,401 crore and Niryat Disha at Rs 14,659 crore.
- Goyal said support extends to expensive certification and processes needed for global markets.
- He said other businesses would receive graded support beyond the micro and small cohort.
India-EU trade backdrop
- India's exports to EU countries fell 4.57 percent to USD 72.4 billion in 2025-26 from USD 75.85 billion.
- The EU took about 17 percent of India's merchandise shipments in the last fiscal year.
- Imports from those countries rose 9 percent to USD 66.18 billion in 2025-26.
all-news
