The leather sector has been identified as focus sector in the Foreign Trade Policy 2009-14.
The Government of India is implementing several schemes under Foreign Trade Policy for the development of leather industry.
These include;
· 4% Duty Credit Scrip under Focus Product Scheme for notified leather products and footwear.
· 3% Duty Credit Scrip under Focus Market Scheme and 4% Duty Credit Scrip under Special Focus Market Scheme.
· Zero Duty EPCG Scheme for import of Capital Goods.
· 2% Duty Credit Scrip under Focus Product Scheme for Finished Leather.
· 1% Duty Credit Scrip under Status Holders Incentive Scrip Scheme
· Incremental Exports Incentivization Scheme.
· Besides Interest Subvention Scheme on Rupee export credit was enhanced for MSME Units in leather industry from 2% to 3% from August 01, 2013.
· For Export promotion to assist exporters Market Development Assistance and (MDA) and Market Access Initiative Schemes (MAI) are also in the process of application.
· Further Indian Leather Development Programme for growth of the leather sector for the current 12th Five Year Plan 2007-12 are also in progress.
This information was given by the Minister of State (Independent Charge) for Micro, Small and Medium Enterprises, Shri K. H. Muniyappa in a written reply to a question in the Lok Sabha today.
