Increased incentive under MEIS:
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Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry has doubled rates for incentives under Merchandise Exports from India Scheme (MEIS) from 2% to 4% of value of exports.
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The rates for incentives under this scheme have been enhanced for two subsectors of textiles industry — readymade garments and made-ups.
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This measure will incentivise the exports of labour intensive sectors of readymade garments and made-ups and contribute to employment generation.