The Indian Iris Government Policies | Government Schemes | Government of India | State Government
Name of the scheme: Interest Equalization Scheme
Purpose: This scheme was brought in with an aim to provide relief to the exporters from India who were facing extensive competition because of higher interest rates than competing countries like Vietnam, China etc.
| With Effect From | April 1, 2013 to July 31, 2014 | August 1, 2013 to March 31, 2014 | April 1, 2015 to March 31, 2020 |
| Interest Subvention Rate | 2% | 3% | 3% |
| Beneficiary | Merchant exporters & manufacturers | Merchant exporters & manufacturers | Manufacturers |
| Sectors covered | Handicrafts, Carpet, Handlooms, Small & Medium Enterprises, Readymade Garments, Made-ups | Handicrafts, Carpet, Handlooms, Small & Medium Enterprises, Readymade Garments, Made-ups | Handicrafts, Carpet, Handlooms, Small & Medium Enterprises, Readymade Garments, Made-ups Additional sectors: Fabrics, Coir & Coir Products, Jute & Jute Products |
Name of the scheme: Duty Drawback Scheme
The scheme:
The scheme has come into force from November, 2015
Duty Drawback Rates
| When CENVAT is not availed | When CENVAT is availed | |||
| Product | 2014 | 2015 | 2014 | 2015 |
| Cotton Yarn | 2.8-4.7 | 2.5-4.5 | 0.9-1.3 | 1.2-1.4 |
| Cotton Fabric | 4.3-7.1 | 4.3-7.3 | 1.3-1.9 | 1.4-2.0 |
| Man-Made Fabric | 6.7-9.1 | 6.6-11.5 | 1.6-2.4 | 1.9-2.4 |
| Apparel | 7.4-9.9 | 7.2-10.5 | 1.7-4.0 | 2.0-3.5 |
| Home Textiles | 2.8-11.7 | 5.0-10.7 | 1.6-9.9 | 1.9-8.9 |
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