Useful Schemes for MSME
Foreign Trade Policy (2015-2020) Ot Other er Incent ntives ives Merchandise Exports (MEIS) Servi vice ce Expor orts s (SEI EIS) S) Market categorized into SEIS provides for reward to Export obligation under three categories – Service providers located in EPCG reduced to 75% in Traditional Markets, India and providing export case of domestic Emerging & Focus Markets, of services. procurement of capital Other Markets. goods. Present rate of reward Goods originated / between 3 to 5%. Inter unit transfer of goods manufactured in India are and services allowed to only eligible. EOUs, EHTPs, STPs.
Foreign Trade Policy (2015-2020) : Incentives Commercial Presence or Debited Value is Duty Credit Scrips Only Notified presence of natural person eligible for are freely Services are Cenvat/Duty not eligible for SEIS transferable with covered under Drawback no conditionality SEIS attached. Declaration on Scrips can be used Shipping Bill is for payment of Incentive now also mandatory to claim the Validity of MEIS Import Duty, Excise, available to SEZ benefit under MEIS Service Tax etc. Scrips – 18 months Scheme. units SEIS – 12 months of end of FY Minimum Forex Earning: MEIS- 12 months of LEO date Individual : USD 10,000 or 3 months from date of Other : USD 15,000 uploading of EDI Shipping bill, whichever is later
Pradhan MantriRojgarProtsahanYojna(PMRPY) The Scheme is designed to incentivize Employers for generation of new employment. Government of India will pay 8.33% EPS Contribution of the Employer for new Employment. Employees getting salary upto 15K per month are eligible for the scheme. The Establishment has to register and obtain Labour Identification Number (LIN) on Shram Suvidha Portal. Incentive is for addition of new Employees hence the scheme is only applicable if new employees are hired by the eligible establishment. New Employee must have Unique Account Number linked with Adhaar Card. It is mandatory that the new employee must not have worked in a EPF registered Organisation in the past. In case of textile apparel and made ups the incentive is 12% instead of 8.33%. The scheme is operational for 3 years from 1 st April 2016 upto 31 st March 2019
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