Government includes branded natural rubber in MLFPS

The Central Government has included branded Indian natural rubber in the Market Linked Focus Product Scheme (MLFPS), to recover territorial inefficiencies, infrastructure and other associated costs involved in marketing of these products in the international Market.

The main objective behind this scheme is to motivate the export of products, having high employment intensity in rural and semi urban areas.

Under the revised MLFPS, sectors of high export intensity or employment potential would be incentivized at 2% of the Free on Board (FoB) value of exports when exported to the linked markets. The credit scrip would be permitted for the payment of excise duty in domestic procurement.