India Boosts Exports with New Schemes, Unveils ₹1 Lakh Crore R&D Fund
November 13, 2025
In a significant push to bolster India's economy, the Union Cabinet has approved new initiatives aimed at enhancing export competitiveness and fostering a robust research and development ecosystem. The government launched a comprehensive Export Promotion Mission with a substantial outlay and introduced a Credit Guarantee Scheme for Exporters to provide collateral-free credit. Concurrently, a ₹1 Lakh Crore Research, Development and Innovation (RDI) Scheme Fund has been initiated to promote private sector-driven R&D. The state of Andhra Pradesh also introduced a Building Penalisation Scheme.
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