India
Existing rebate scheme on Khadi and polyvastra to be replaced
2010-01-28 17:40 -New Delhi: The Cabinet Committee on Economic Affairs today approved the introduction of a Market Development Assistance (MDA) scheme envisaging financial assistance @ 20% of production value on Khadi and Khadi products and polyvastra with effect from 1.4.2010 to be shared among spinners/weavers, producing institutions and selling institutions @ 25%, 30% and 45% respectively of total value of MDA in place of existing rebate scheme on Khadi and polyvastra at an estimated cost of Rs.345.05 crore, to be incurred between 2010-11 and 2011-12 as recommended by Expenditure Finance Committee (EFC).