Rebate of State and Central Taxes and Levies on apparels and made-ups has been extended till 31 March.
The scheme is aimed at generating lakhs of new employment, particularly for the vulnerable sections including semi-skilled, rural youth, migrants and women in the MSME segment.
It will also help in achieving the envisioned goal of “Aatmanirbhar Bharat”.
The scheme will help check the declining trend being witnessed in apparel exports. India’s apparel exports have been losing market share to competitors. It fell 20.8% in one year from $15,509 million in 2019-20 to $12,289 million in 2020-21.