Dealing with the controversies containing sectors like leather that have been expelled from the export subsidy in credit scheme of budget, Mr. Anand Sharma, Minister of Commerce and Industry said that he will forward the matter to Mr. Pranab Mukherjee, the Minister of Finance and held up into further discussions soon.
Few of the sectors are likely to get hurt just like leather…I will be taking up the matter with the Minister of Finance, said Mr. Sharma when questioned about the elimination of variety of other sectors with in the 2% interest Budgeted subvention scheme. He explained things to the reporter.
The 2% subvention scheme is likely to get expired on coming 31 March 2010; Mr. Mukherjee had given an extension to it specifically for carpets, handicrafts, SMEs and handlooms for period of one more year. The authentic scheme covered exports of gems, textiles, jewelry and leather.
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