Prime Minister Modi have seen a dream
To take Indian businesses international
Because by 2030, India aims to reach exports of
2 trillion dollars

That's why, the government
supports small businesses that want to
export their product or service internationally
through these 5 ways:

First, the Interest Equalization Scheme
Under which, loan will be provided
If cash is required in pre and post shipment
to MSME manufacturers at a 5% interest rate
and RBI will bear the cost.

Second is the Zero Defect Zero Effect Scheme
Where the government will provide 25 lakh rupees
for adopting energy-efficient manufacturing technologies
and an additional 20 lakh rupees
for international patent registration.

Third, if you have a small micro company
the government covers 75% of the airfare cost
for participating in international trade fairs,
and for women, it's 100%.

Fourth is the Advance Authorization Scheme
Where you'll be charged 0% import duty
on raw materials you import
for manufacturing products meant for export.

Lastly, the Letter of Undertaking (LUT) Bond Scheme
Which allows you to export goods without paying GST.

#business #smallbusiness #makeinindia #madeinindia #vocalforlocal #justify #businessnews #import