India is planning to bring some schemes against Trump Tariff.
US President Donald Trump has started a war against India, in which India will be harmed, then America will not be saved. After Trump’s statements, India’s PM Narendra Modi has given the US in gestures that it is not only impossible but impossible to stop India on the Economic Front. The testimony of the country’s GDP is giving figures. In the first quarter, the country’s economic growth has been seen 7.8 percent. Which India had neither expected, nor any economist in the world. In such a situation, the statements of Trump’s dead economy have become meaningless on their own.
Now India is preparing four such weapons to compete with the tariff, so that every economic war can be neutralized. Also, those sectors can also be protected, who can face heavy losses due to tariffs. By the way, some sectors have started pleading for help from the Government of India. Let us also tell you which are the weapons of India, which can not only save the country from trump tariffs, but can also strengthen them further.
Plan is something like this
According to the Business Standard report, the central government is preparing a package of assistance measures for exporters struggling with a huge increase in tariffs by Washington. The Union Cabinet can discuss this proposal on Wednesday. According to officials, the scheme may include four schemes, most of which will be focused on loans and liquidity help, so that the impact of 50 % of tariffs imposed on Indian goods by Donald Trump Admin can be reduced. A government official told BS on the condition of anonymity that the cabinet can consider this proposal on Wednesday.
This will suit the credit guarantee schemes declared during the Kovid period, especially MSME. Its purpose is to ensure that small companies of labor-dominated sectors such as textile, textile, gems and jewelery, leather and shoes, engineering goods and agricultural exporters can withstand the impact of tariffs. The aim of these measures is to reduce the pressure of working capital, maintain employment and give exporters time to enter new markets.
Prime Minister Narendra Modi on Tuesday tried to highlight India’s economic strength despite global challenges. Speaking at the Seemicon India 2025 conference, he said that the GDP growth rate in the first quarter of FY 2026 was 7.8 percent, which was more than estimates. Trump had earlier described India as “dead economy”.
Relief was given during Kovid
During the Kovid period, some similar relief was announced. When Finance Minister Nirmala Sitharaman started the self -sufficient India package in May 2020. The main attraction of that package was an Emergency Credit Line Guarantee Scheme (ECLGS) of Rs 3 lakh crore, under which business – especially MSMES – could get loans without any government guarantee and any collateral.
Apart from this, the government had announced a subordinate credit line scheme for the crisis -hit MSMEs. The Center also committed to pay Rs 4,000 crore to the Credit Guarantee Trust (CGTMSE) for SME enterprises, so that banks will be able to give loans to promoters of such units, up to 15 per cent of their share in business, under a limit of Rs 75 lakh. A fund of funds with funds worth Rs 10,000 crore were also made to provide equity assistance to development oriented MSMEs.
Officials say the new package may be based on the same strategy. In which export audience can help in stabilizing and companies can work with their full capacity. An option is the Export Promotion Mission (EPM), which was announced in the budget of FY 2026 and it is currently with the Expenditure Finance Committee for Valuation.
According to Business Standard, the official said that the Finance Ministry has not yet approved the Export Promotion Mission and has raised concerns and questions about some proposed schemes. We are waiting for the final approval from the cabinet as it will take time to make rules and implement the plans.
Which sectors are the most affected
The United States contributes about 18-20 per cent to India’s trade exports, which makes it the largest market in the country. In many sub-sectors, the risk is much higher. In which 60 percent carpets, 50 percent prepared or semi-tears, 30 percent gems and jewelery, and 40 percent apparel exports are sent to American buyers.
Delhi -based Global Trade Research Initiative has calculated that American tariffs will affect India’s exports to about 66 per cent of the US, which is $ 86.5 billion. This means that high tariffs will be imposed on goods worth about $ 60.2 billion.
What is the government thinking?
Commerce and Industry Minister Piyush Goyal will meet exporters on Wednesday and discuss regional concerns. Officials said that its extensive objective is to remove both financial and non-financial obstacles and provide support to small exporters and labor-dominated areas.
The proposed schemes under consideration include interest assistance for trade finance, factoring facilities, e-commerce export cards and collateral help. On non-financial aspect, EPM includes Compliance Help, Branding and Packaging Support, Logistics and Warehousing aid.
According to the report, a Finance Ministry official said that it (EPM) may take some more time. The officers were busy with the work related to GST reform. Despite the delay, the broader target is obvious: to protect small exporters and labor-dominated industries from sudden shock, maintaining employment and ensure that India does not lose its position in global trade, despite the tariff strict.