Merchandise Exports from India Scheme

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The Central Government has increased the incentive rates for export of readymade garments from 2% to ______%?
1. 3%
2. 4%
3. 5%
4. 6%
5. 7%

Answer – 2. 4%

Under Merchandise Exports from India Scheme (MEIS), Central Government has doubled incentive rates for export of readymade garments and made-ups to 4 percent from 2 per cent earlier.

This decision has been taken to boost shipments of readymade garments and made-ups. Incentives to be paid under this initiative are estimated to be Rs 1143.15 crore for 2017-18 and Rs 685.89 crore for 2018-19.

The new incentive rates will be applicable with effect from November 1, 2017 and will continue till June 30, 2018.

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