Export of Cash Crops

Government provides financial and technical assistance to the growers and other stakeholders to boost export of cash crops namely tea, coffee, rubber, spices, tobacco and cashew which includes, inter alia, participation in trade fairs, exhibitions, buyer-seller meets, brand promotion, public relation campaigns and incentives for export of value added products.

The Government has introduced unified export promotion scheme for merchandise exports including that of cash crops viz. Merchandise Export from India Scheme (MEIS). The scheme provides incentive in the form of duty credit scrip to the exporter to compensate for his loss on payment of duties. The incentive is paid as percentage of the realized FOB value (in free foreign exchange) for notified goods going to notified markets.

This information was given by the Commerce and Industry Minister Smt. Nirmala Sitharaman in a written reply in Lok Sabha today.