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Govt to offer 50 pc subsidy on freight charges to boost handloom and textile exports

Related Keywords: handloom, international market, MSME product, subsidy, Textile

The government to boost its MSME (micro, small and medium enterprises) products in international markets has decided to give upto 50 percent subsidy to exporters on total freight charges paid on good shipped through ports outside the State.

According to the draft export policy, the exporter will get reimbursement upto 50 per cent on the total cost of transportation subject to a ceiling of Rs.50, 000 on goods shipped outside State port, provided ports within the State do not have facilities for handling such cargo.

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