Context:
Recently, the Government of Uttar Pradesh approved financial incentives for exporters under the Uttar Pradesh Export Promotion Policy 2025–30, aimed at boosting the state’s export growth.
More on News:
- Each unit will receive an incentive of one percent of the increase in exports, or a maximum of ₹20 lakh.
- To benefit from the Export Performance-Based Incentive Scheme under the Uttar Pradesh Export Promotion Policy 2025-30, exporters will need to increase their exports year-on-year.
- This benefit will be given to those who have been exporting for at least three years.
Financial Incentives:
- Exporters will receive a financial incentive of ₹20,000 to ₹40,000 for transporting goods to ports.
- ₹20,000 for shipping goods in a 20-foot container, ₹40,000 for shipping goods in a 40-foot container, or a maximum of 30 percent of the total freight charges.
- Exporters who take out export credit insurance from the Export Credit Guarantee Corporation of India (ECGC) to protect their export risk will be given an incentive of 30 percent of the premium or a maximum of Rs 5 lakh.
- Similarly, to avail the benefits of the Export Credit Insurance Scheme, exporters will have to apply within 90 days of taking the insurance.
- Under the Post Office Export Centre Assistance Scheme, an incentive of 75 per cent of the postal expenses or a maximum of Rs 1 lakh per exporter per year is provided for the export of various products.
- Service sector exporters will also be provided financial assistance for participating in fairs and buyer-seller meets held abroad.
- Exporters in related sectors, including IT, ITES, fintech, tourism, healthcare, logistics, transportation, supply chain, audio-visual, and related sectors, will be provided with 75 percent of the cost or ₹2 lakh, whichever is less, for setting up stalls at fairs and exhibitions.
