PMO questions urgency in implementation of export subsidy scheme
Export subsidy scheme to be implemented immediately to differences in the PMO and the Ministry of Commerce. PMO commerce and industry ministry subsidy scheme for exporters questioned the proposal to re-apply. According to sources in the PMO question time to implement the plan by the Ministry of Commerce and Industry has taken on, while the rupee has already weakened and interest rates have declined.
According to the proposal of the Ministry provided financial assistance to exporters plan March 31, 2014 had expired. 2-3 per cent of the export sector under the scheme aid is granted for labor-intensive industry where handicrafts, handloom, Small and Medium Enterprises, Readymade Garments and sports goods etc.. The plan to apply again for Commerce and Industry, the Ministry Cabinet note was prepared at the beginning of this month.
Oct 20, 2015.