Extension of 2 Per Cent Subsidy Period to Export Activities

In order to partially offset the high cost of credit for the exporters, 2% Interest subvention scheme was introduced. Prior to June, 2012, the scheme was available to Handlooms, Handicrafts, SMEs and carpets sectors. In June 2012, it had been extended to labour intensive sectors, namely, Toys, sports goods, processed agricultural products, and ready made garments, in addition to the four sectors benefiting from the scheme earlier. Further, the scheme has been widened to include 134 sub-sectors of Engineering sector w.e.f. 1st January, 2013.

******

Tags: 1st January 2013AgricultureExportHandloomJune 2012ProgrammingSmall and medium enterprisesSubsidy

profile image

About Shantanu

Shantanu

eMinds Legal Consulting Pvt. Ltd. is a Consulting Firm in India specialzing in Corporate Laws, Compliances, Secretarial, FEMA, Indirect Taxation, Cyber Laws & Contracts. The Firm comprises of a team of professionals of Company Secretaries, Lawyers and Chartered Accountants with an in-depth subject matter knowledge and participative industry experience of over 15 years.

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates