HomeLatestGovt steps up ease of doing enterprise for exporters; market entry approvals...

Govt steps up ease of doing enterprise for exporters; market entry approvals rise sharply

By Shailesh Yadav

New Delhi [India], September 16 (ANI): The authorities has stepped up measures to ease enterprise for exporters, with approvals for market entry initiatives rising sharply and practically 24,000 registrations recorded below the Interest Subvention Scheme, in response to official information as of September 14, 2026.

The Interest Subvention Scheme for pre- and post-shipment export credit score has recorded 23,924 registrations from 9,249 distinct Importer-Exporter Code (IEC) holders.

Exporters can now use a single registration to avail curiosity subvention and collateral assist for export credit score. The platform additionally gives data on different advantages below the Export Promotion Mission, together with credit score help for e-commerce exports, export factoring and rising export alternatives.

Under the Market Access Support Intervention, 339 occasions have been accredited for the fourth quarter of FY 2025-26 and the primary quarter of FY 2026-27. This compares with 244 occasions accredited throughout the complete FY 2024-25.

Europe accounted for the biggest share at 27 per cent of the accredited occasions, whereas South Asia and ASEAN accounted for round 9 per cent every.

Separately, 98 proposals have been accredited below the Rupee-Based Settlement Mechanism (RBSM) for market entry assist, the best among the many locations and mechanisms tracked.

Among abroad markets, Germany led with 85 accredited purposes, adopted by the United States with 70 and Italy with 62. The United Kingdom recorded 44 approvals, Russia 43, Saudi Arabia 35, Japan 29, Australia 26 and China 24.

The authorities has additionally taken steps to deal with a shortfall in home sugar availability linked to El Nino circumstances.

An obligation-free Raw Sugar Tariff Rate Quota (TRQ) of 10 lakh tonnes was notified on August 20, 2026, and can stay legitimate till October 31, 2026. Of this, 8.12 lakh tonnes have already been allotted.

A separate one-time facility permitting the conversion of Advance Authorisation entitlements into TRQ has enabled the discharge of a further 2.65 lakh tonnes of sugar. The measure is aimed toward easing home provide stress whereas balancing the pursuits of producers and sustaining value stability.

The authorities has additionally relaxed eligibility norms for One Star Export House standing.

Under an modification to the Foreign Trade Policy 2023, notified on August 21, exporters throughout sectors can now qualify by exhibiting export efficiency in any two of the previous three years. Earlier, exporters have been required to display efficiency in all three years. (ANI)

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