In the midst of ongoing uncertainty due to increased US tariffs, India's commerce and industry ministry has finalised support programs amounting to around Rs. 25,000 crore (US$2.85 billion) allocated for the Export Promotion Mission over a span of six years. These programs are intended to adhere to World Trade Organisation (WTO) rules and will emphasise trade financing and enhancing market access for exporters. The administration perceives this mission as a strategic initiative aimed at tackling issues that extend beyond tariffs and trade conflicts, with one representative stating that the objective is to consider the long-term scenario. The finance ministry has received the proposal for these schemes for its evaluation and endorsement, and following the Union Cabinet's approval, the schemes will be initiated. These initiatives arise as exporters, especially in industries like gems and jewellery, textiles, and marine goods such as shrimp, are getting ready to encounter a 50% tariff on products shipped to the US.

The new plans have been created with particular attention to minor exporters. Their goal is to aid these exporters by providing loans without collateral, promoting alternative financial solutions via cross-border factoring, and offering support for markets with high risks. A direct subsidy approach is deemed improbable due to its challenging implementation, issues of moral hazard, and the potential for breaching WTO regulations. Measuring the effect of these subsidies on exporters and justifying their distribution is also difficult. This updated set of programs within the Export Promotion Mission comes after the Rs. A mission worth 2,250 crore (US$256.85 million) was announced in the Union Budget for 2025-26, but it has not been implemented yet