In a series of pivotal decisions taken on November 12, 2025, the Indian government has rolled out significant schemes and policies aimed at economic growth and development. These initiatives are expected to have a far-reaching impact on India's trade, innovation, and urban planning landscape.
Export Promotion Mission and Credit Guarantee Scheme for Exporters
The Union Cabinet, chaired by Prime Minister Narendra Modi, approved a comprehensive Export Promotion Mission (EPM) with an outlay of ₹25,060 crore for six financial years, commencing from FY 2025-26. This mission is designed to significantly boost India's export competitiveness, particularly focusing on Micro, Small, and Medium Enterprises (MSMEs) and first-time exporters. The EPM aims to insulate domestic exporters from high tariffs imposed by countries like the U.S., which recently levied a 50% tariff on Indian goods.
The mission will operate through two sub-schemes: 'Niryat Protsahan' (₹10,401 crore) and 'Niryat Disha' (₹14,659 crore). Niryat Protsahan will focus on improving access to affordable trade finance for MSMEs through instruments such as interest subvention, export factoring, collateral guarantees, and credit cards for e-commerce exporters. Niryat Disha will concentrate on non-financial enablers, including export quality and compliance support, international branding, packaging, participation in trade fairs, and logistics.
In conjunction with the EPM, the Cabinet also approved the Credit Guarantee Scheme for Exporters (CGSE). This scheme will provide 100% credit guarantee coverage by the National Credit Guarantee Trustee Company Ltd (NCGTC) to Member Lending Institutions (MLIs) for extending additional credit facilities up to ₹20,000 crore to eligible exporters, including MSMEs. The CGSE is expected to enhance liquidity, support market diversification, and boost the global competitiveness of Indian exporters, contributing to India's target of achieving a USD 1 trillion export goal.
₹1 Lakh Crore Research, Development and Innovation (RDI) Scheme Fund
Prime Minister Narendra Modi launched the ₹1 Lakh Crore Research, Development and Innovation (RDI) Scheme Fund. This significant allocation aims to foster a private sector-driven research and development ecosystem across the country. The launch took place during the Emerging Science, Technology and Innovation Conclave (ESTIC) 2025, held from November 3-5, 2025. The scheme underscores India's commitment to becoming a global innovation hub, with a focus on areas like green hydrogen, quantum computing, deep sea research, and critical minerals.
Andhra Pradesh Building Penalisation Scheme (BPS-2025)
At the state level, the Government of Andhra Pradesh launched the Building Penalisation Scheme–2025 (BPS-2025). This scheme provides a final opportunity for property owners to legalize unauthorized and deviated structures constructed between January 1, 1985, and August 31, 2025. Issued by the Municipal Administration & Urban Development Department, BPS-2025 signifies the state's renewed focus on planned urban growth and legal compliance.