DGFT Trade Notice No. 29/2026-27, dated 1 October 2026 – DGFT Trade Notice 29/2026-27
Understanding the Implications of DGFT Trade Notice 29/2026-27
The Directorate General of Foreign Trade (DGFT) has revised the composition of the Sub-Committee on Trade Finance under the Niryat Protsahan sub-scheme of the Export Promotion Mission (EPM). The new composition will apply uniformly to all trade finance interventions under the sub-scheme. The notice is issued with the approval of the Competent Authority and signed by Shri Ramesh Kumar Verma, Joint Director General of Foreign Trade.
The recent DGFT Trade Notice 29/2026-27 emphasizes the importance of financing in export activities.
Key takeaways
- The Sub-Committee oversees and monitors implementation of the trade finance interventions under Niryat Protsahan.
- One revised composition now applies to all such interventions, set out in Annexure-I to the notice.
- It replaces the intervention-wise compositions notified earlier.
- All other provisions of the existing Trade Notices under the sub-scheme remain unchanged.
Background
The Export Promotion Mission was launched through a series of Trade Notices under the Niryat Protsahan sub-scheme. A Sub-Committee on Trade Finance was set up to oversee and monitor how the trade finance interventions under it are carried out.
Until now, the composition of this Sub-Committee was notified separately for each intervention, through Trade Notice Nos. 20/2025-26 and 21/2025-26 (both dated 2 January 2026), 25/2025-26 (20 February 2026), and 31/2025-26 and 32/2025-26 (both dated 6 March 2026). The latest notice replaces this piecemeal arrangement with a single composition.
Who is on the Sub-Committee
| Role | Representative |
| Co-Chair | Development Commissioner, Ministry of MSME |
| Co-Chair | Additional Secretary (Trade Finance), Department of Commerce |
| Member | Joint Secretary or equivalent, Trade Finance Division, Department of Commerce |
| Member | Joint Secretary or equivalent (Industrial Finance), Department of Financial Services, Ministry of Finance |
| Member | Joint Secretary or equivalent, EPM Section, DGFT |
| Convenor | Joint DGFT, EPM Section, DGFT |
| Member | Representative of IFD, Department of Commerce |
| Member | Representative of CGTMSE |
| Member | Representatives of EXIM Bank |
| Member | Representative of NCGTC |
| Invitee | Representative of ECGC |
| Invitee | Representative of the Indian Banks’ Association (IBA) |
| Invitee | Representative of IFSCA |
| Invitee | Representatives of Factoring NBFCs |
The Sub-Committee may co-opt members or invite other participants whenever required. It may also involve domain experts or industry representatives with demonstrated experience in trade finance for technical appraisal or otherwise.
What changes and what does not
What changes: The body overseeing trade finance interventions now has one common composition, covering government departments, financing institutions and credit guarantee bodies, with ECGC, IBA, IFSCA and factoring NBFCs as invitees.
What does not change: The notice says nothing about eligibility, benefits or application procedures. Exporters should continue to follow the specific Trade Notice for the intervention they are using.
What this means for exporters and MSMEs
This is a governance change, so exporters do not have new compliance steps because of it. Still, three points are worth noting:
- Common oversight. A single committee now looks across all Niryat Protsahan trade finance interventions, which should make oversight more consistent.
- Wider representation. Including MSME, financial services, guarantee and lending bodies, with experts available for technical appraisal, ties the scheme closely to the institutions that actually deliver export finance.
- No action needed yet. Exporters do not need to change anything today, but should keep following DGFT’s website for further Trade Notices under the sub-scheme.
Frequently asked questions
What is the Niryat Protsahan sub-scheme?
It is a sub-scheme of the Export Promotion Mission under which DGFT issues Trade Notices for export support interventions, including trade finance.
Who chairs the Sub-Committee on Trade Finance?
It has two Co-Chairs: the Development Commissioner of the Ministry of MSME and the Additional Secretary (Trade Finance) in the Department of Commerce.
Does this notice change benefits or eligibility?
No. It only revises the committee’s composition. The notice states that all other provisions of the Trade Notices under the sub-scheme remain unchanged.
Which earlier notices does it follow?
The compositions notified earlier for individual interventions through Trade Notice Nos. 20/2025-26, 21/2025-26, 25/2025-26, 31/2025-26 and 32/2025-26.
Need help with export-related compliance?
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Disclaimer: This article is a general summary of a DGFT Trade Notice and does not constitute legal or professional advice. Please refer to the original notice on the DGFT website and consult a qualified professional before acting.