The Credit Guarantee Scheme for Exporters has recorded a robust start after being made operational through the Jan Samarth Portal with effect from December 1, 2025, reflecting strong demand for liquidity support among Indian exporters amid global economic uncertainties. Within the first month of its rollout, applications exceeding ₹8,500 crore have been received, while sanctions of more than ₹3,100 crore have already been approved, underscoring the scheme’s immediate relevance and uptake.
Exports remain a critical pillar of the Indian economy, contributing nearly 21 per cent to the national GDP and serving as a major source of foreign exchange earnings. Export-oriented industries directly and indirectly employ more than 45 million people across the country, with micro, small and medium enterprises accounting for around 45 per cent of India’s total exports. Sustained export growth has played a key role in supporting macroeconomic stability and maintaining a healthy current account balance.
The Credit Guarantee Scheme for Exporters, implemented by the Department of Financial Services, has been introduced as a targeted intervention to help exporters navigate uncertain global headwinds. By providing government-backed credit guarantees, the scheme enables banks and financial institutions, designated as Member Lending Institutions, to extend additional collateral-free financial assistance to exporters, including both MSME and non-MSME entities. The objective is to ease liquidity constraints, support business continuity, and enable exporters to strengthen competitiveness and diversify into new and emerging international markets.
Under the scheme, additional credit support of up to ₹20,000 crore is envisaged for direct and indirect exporter MSMEs through eligible lending institutions. Exporters can avail working capital loans equivalent to up to 20 per cent of their existing export credit or working capital limits, providing immediate financial flexibility. As of December 31, 2025, a total of 1,788 applications amounting to ₹8,599 crore had been received, out of which 716 applications worth ₹3,141 crore were sanctioned, indicating strong confidence among exporters and lenders in the framework of the scheme.
A key feature of the initiative is the provision of a 100 per cent government guarantee for the additional loan facility, which significantly reduces the risk exposure of lending institutions and encourages wider credit flow to export-oriented units. By ensuring timely access to funds, the scheme is expected to help exporters maintain production schedules, manage working capital cycles, and sustain employment across export-linked sectors.
The scheme also aims to strengthen India’s global trade footprint by enabling exporters to invest in capacity enhancement, compliance with international standards, and market diversification strategies. This is particularly important in the context of evolving global supply chains and the need for Indian exporters to tap new geographies and product segments.
The Credit Guarantee Scheme for Exporters will remain open until March 31, 2026, or until guarantees amounting to ₹20,000 crore are issued, whichever is earlier. The scheme is being implemented by the Department of Financial Services through the National Credit Guarantee Trustee Company Limited, with the Jan Samarth Portal serving as the digital platform for application processing, approvals, and monitoring.
Through this initiative, the government aims to reinforce export-led growth, safeguard livelihoods, and enhance the resilience of India’s export ecosystem during a period of global economic transition.
