International Journal For Multidisciplinary Research

E-ISSN: 2582-2160     Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 8, Issue 3 (May-June 2026) Submit your research before last 3 days of June to publish your research paper in the issue of May-June.

Role of Exim Bank in Promotion of Rising Stars Companies in India

Author(s) Mr. Ayaz pasha, Prof. Dr. Thimmarayappa R
Country India
Abstract India's ambition to achieve $2 trillion in exports by 2030 depends significantly on unlocking the latent global competitiveness of its small and medium-sized enterprises (SMEs). The Ubharte Sitaare Programme (USP), jointly anchored by the Export-Import Bank of India (EXIM Bank) and the Small Industries Development Bank of India (SIDBI), represents a pioneering institutional response to this challenge. Launched in the Union Budget 2021 by Finance Minister Smt. Nirmala Sitharaman, the programme deploys a novel blended finance architecture—combining equity, debt, and technical assistance—to identify and nurture 'future export champions' among Indian SMEs. This article examines the role of EXIM Bank in promoting Rising Stars Companies in India under the USP framework. It analyses the programme's objectives, institutional structure, eligibility architecture, sectoral focus, and early impact. The study finds that USP constitutes India's first structured, SEBI-regulated attempt to integrate capital market instruments with traditional export finance for SME development, raising important questions about appraisal methodology, additionality, and scalability relevant to doctoral research in finance and banking.
Keywords Keywords: EXIM Bank, Ubharte Sitaare Programme, Rising Stars, SME Export Finance, Alternative Investment Fund, Blended Finance, Atmanirbhar Bharat, Development Finance
Field Mathematics > Economy / Commerce
Published In Volume 8, Issue 3, May-June 2026
Published On 2026-05-22
DOI https://doi.org/10.36948/ijfmr.2026.v08i03.79188

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