Merchandise Exports from India Scheme – UPSC Prelims

Ministry/Department :  Ministry of Commerce & Industry
  • MEIS was launched under Foreign Trade Policy of India (FTP) 2015-20.
  • It is one of the two schemes introduced in FP 2015-20, as a part of Exports from India Scheme. The other scheme is Service Exports from India Scheme (SEIS).
  • Objective of MEIS is to offset infrastructural inefficiencies and associated costs involved in export of goods and products, which are produced and manufactured in India.
  • It seeks to enhance India’s export competitiveness of these goods and products having high export intensity, employment potential.
  • Under this scheme, Ministry of Commerce gives duty benefits to several products. It provides duty benefits at 2%, 3% and 5% depending upon the product and country.
  • It has three sub components:
    • Vishesh Krishi and Gram Udyog Yojana
    • Focus Market Scheme
    • Focus Product Scheme
  • It is being replaced by Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme
Factual Information:
  • Launched in 2015

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top