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FRUITS & VEGETABLE

Centre increases export incentives for onion farmers under MEIS to 10%
Saturday, 29 December, 2018, 14 : 00 PM [IST]
Our Bureau, New Delhi
The Government of India has doubled the export incentives granted for onions under the Merchandise Exports from India Scheme (MEIS) from the existing five per cent to 10 per cent in the interests of farmers.

This will result in better price for onions in domestic markets. It may be noted that the onion arrivals have increased in the market at present, due to which the prices in the mandis are subdued.

To contain the situation, it has been decided by the government to encourage exports of onions so that the domestic prices stabilise. Thus, the export incentives for onions have been doubled to 10 per cent from what is being currently provided under the MEIS scheme.

The export incentive for fresh onions was zero before July 2018. In July 2018, the incentives were introduced at the rate of five per cent. Now, with the current increase, onions enjoy one of the highest incentives for agro-exports.

This timely intervention would help the farmers who have recently harvested their produce and who have sowed/recently transplanted their seeds, expecting better prices.
 
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