Sub-vention (Subsidy) Scheme to MSME Exporters

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Business Mantra: Faridabad

Central Power Minister Mr. Piyush Goyal and Minister of State in PMO Mr. Jitendra Singh announced in a recent press conference:

  • 3% of Interest Sub-vention(Subsidy) has been announced for MSME Exporters
  • 416 items in 25 Sectors shall get benefit
  • It shall be a Boost to mainly the following sectors:
  1. Agriculture
  2. Handicrafts
  3. Food Processing
  4. All Labour intensive sectors like Handloom, Coir, Jute, Carpet, Garments etc.
  • Lowering of interest cost would give our MSME Exporters a competitive support.
  • Total Cost Estimated for the above mentioned incentives is expected to be Rs.2700 Crores to the Exchequer.
C.A Sanjay Kumar : Author may be reached at editor@businessmantranews.com

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