Increase the interest subvention scheme benefit: AEPC
The Apparel Export Promotion Council (AEPC) has requested the government to increase the Interest Subvention scheme benefit from 2.75% to 5%. The council aims to boost apparel exports to meet ambitious targets amid global market shifts.
Why it matters
Policy support for the apparel sector is critical for India's export growth and competitiveness in the global textile market.
The Apparel Export Promotion Council (AEPC) has sought enhancement of the Interest Subvention scheme from 2.75 % to 5 % with coverage extended to all exporters and without the annual cap.
The article balances the industry's request for subsidies with the government's perspective on trade agreements.
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