Karnataka – Industrial Policy 2020-25 for Export Promotion
Govt. of Karnataka reaffirms its strong commitment towards export promotion to push economic growth and create jobs. Concrete steps are taken in the Industrial Policy 2020-25 to take exports on higher growth trajectory by considering strategies more holistically and synergizing export promotion with industrial growth
Government’s focus on promoting exports (diversification of export products, domestic export linkages and the conquest of new markets) is based on a demand –based export basket diversification approach which will give a big push to exports.
Starting date: 13th August, 2020
Ending date: 13th August, 2025
Incentives for Export Promotion
|
Benefit |
Eligibility |
Rate of Subsidy |
Max Subsidy |
|
Electricity Tax Exemption |
New MSMEs in Zone 3 with min 50% of turnover in exports |
100% for 5 years |
- |
|
Performance Subsidy |
MSMEs in all zone. Export should double in subsequent years |
1% of FOB value |
Rs. 10 Lakh |
|
Reimbursement of Bank Charges |
All MSMEs in all Zones. Should produce E-BRCs |
100% |
Rs. 1 Lakh |
|
ECGC Charges |
All MSMEs in all Zones. |
100% |
Rs. 1 Lakh |
|
Certification Charges Refund |
All MSMEs in all Zones. Certifications like - CE, China Compulsary Certificate, GMP etc. |
50% |
Rs. 1 Lakh |
|
Certification on Import Export Management Course |
Should be from Recognised institution with min course duration of 4 months |
50% |
Rs. 25000 per candidate |
