NOVEMBER 20258CABINET CLEARS 45,060 CR PACKAGE TO BOOST MSME EXPORTSJSW ENERGY EXPANDS GREEN PUSH WITH 85 MW HYBRID PROJECTThe Union Cabinet, led by Prime Minister Narendra Modi, approved programs totaling 45,060 crore to assist exporters, especially micro, small, and medium-sized businesses (MSMEs), who are facing difficulties as a result of the US's 50% tariff on a number of Indian goods.The package comprises 20,000 crore for the Credit Guarantee Scheme for Exporters (CGSE) and the eagerly anticipated Export Promotion Mission (EPM), which will cost 25,060 crore.Over 45 million people are employed directly or indirectly by export-oriented enterprises, and MSMEs account for almost 45% of India's total exports. The statement was made a week after the PM met with the leaders of at least six export promotion groups from JSW Energy has also incorporated 85MW of hybrid renewable capacity in the clean-energy drive. The new addition will include 74MW of solar energy, in collaboration with NHPC, and 11MW of wind, reaching a total capacity of 13295 MW of the company.TOP STORIESThe renewable energy today constitute 57 percent of the portfolio of JSW Energy, which includes 3,720 MW of wind energy, 2,286 MW of solar energy and 1,631 MW of hydro energy.This is an achievement that underscores that the company has transitioned to sustainable generation and is contributing to the goals of decarbonization in India.The hybrid venture comprises solar and wind to offer a more consistent and efficient power generation to increase grid dependability and utilization. This is perceived by the industry observers as a strategic move by JSW Energy to cement its presence within the booming renewable market with the hybrid solutions being increasingly demanded as the answer to sustained power supply.The growth makes JSW Energy one of the leading renewable companies in India and enhances its quest to achieve a balanced energy mix. The company continues to increase its clean-energy portfolio; wind, solar and hydro, to help the national objective of increasing renewable capacity and reducing reliance on fossil fuels. industries most impacted by the US's high, double-digit tariffs.Another round of discussions may not be necessary, according to US President Donald Trump and Indian officials, who said that both parties were fairly near to establishing a fair trade agreement. Exporters will receive additional operating capital from the CGSE, up to 20% of their authorized export limits, without the need for collateral.Credit guarantees for loans up to 50 crore would be provided by the scheme. The program will be carried out by the Department of Financial Services (DFS) via National Credit Guarantee Trustee Company Limited (NCGTC)."The scheme is expected to enhance the global competitiveness of Indian exporters and support diversification into new and emerging markets. By enabling collateral-free credit access under CGSE, it will strengthen liquidity, ensure smooth business operations, and reinforce India's progress towards achieving the $1 trillion export target. This will further reinforce India's journey towards Aatmanirbhar Bharat," the government said in a statement.
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