Exporters will now use their Importer Exporter Code throughout applications and claims under the Niryat Protsahan scheme, while existing UINs become invalid.
India’s Directorate General of Foreign Trade has removed a long-standing paperwork step for exporters seeking support for export factoring under the Export Promotion Mission’s Niryat Protsahan scheme, cutting out the need for a Unique Identification Number and shifting the entire process to the Importer Exporter Code. The change, set out in Trade Notice No. 32/2026-27 dated October 26, 2026, is intended to streamline applications and claims while keeping the rest of the scheme’s framework largely intact.
According to the notice and related guidance published by DGFT, exporters will now be identified through their IEC at every stage, from application through to disbursal, and any UINs already issued will no longer remain valid. The department said the revised rules also clarify which export factoring structures qualify, how transaction data must be submitted, when claims can be filed and how the factoring support sits alongside export credit interest subvention.
The revised timetable is tied to exports made on or after February 20, 2026, with eligibility determined by the date the Export General Manifest is filed for the relevant shipping bill. Factors will first need to register on the DGFT portal and upload transaction-level data within one month of the relevant trigger. Exporters will then review the records linked to their IEC, exclude any transactions they are not claiming and file consolidated monthly claims online with digital authentication. For transactions completed before the new notice, the filing clock will run from October 26, 2026 rather than the original trigger date.
DGFT has set out separate data rules for advance factoring, revolving factoring facilities and advance factoring with bullet interest. It has also confirmed that eligible micro, small and medium-sized enterprises may use factoring support alongside the interest subvention scheme for pre-shipment and post-shipment export credit, or vice versa, but not on the same invoice or receivable. The annual caps under each intervention will be applied independently, and once a claim is approved, the sanctioned amount will be credited to the bank account linked to the exporter’s IEC.
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