Vishesh Krishi Upaj Yojana to promote exports from India

Many of us are into business however not aware of some very important and useful schemes available to exporters promoted by the Government of India to boost exports from the Country and to promote small and medium Business units. (SMB)

How many of who are into agricultural business know about a great scheme called Vishesh Krishi Upaj Yojana ?
This is a very useful and monetary beneficial scheme for export of agriculture business and it will be fun to have a look to the overview of the scheme ?

This scheme (Special Agricultural Produce Scheme) has been introduced to boost exports of fruits, vegetables, flowers, minor forest produce and their value added products. Export of these products shall qualify for duty free credit entitlement equivalent to 5 percent of FOB value of exports. The entitlement is freely transferable and can be used for import of a variety of inputs and goods.

On first sight you may think that how this scheme is useful ? because you are not going to import anything so there is NIL benefits for you... here I will tell you just read it again and I will explain you how can you benefit of this scheme !
Suppose you have exported Goods of 1 crore now you are eligible for a free duty entitle of up to 5% of this amount that is up to Rs. 5 Lac. means you can import duty free stuff of up to Rs. 5 lac totally free. and yes, if you are not going to import anything than you can encash your duty free license as it is transferable. Just sale it to any one esp. those who are into business of import and export will definitely buy it at a discount!The discount may range from 2% to 5% of the license value that is you can sell this license for Rs. 4.9 lac. and selling the license is very very easy. No need to involve the government just raise an issue to buyer of the license and get your check from the buyer. It is salable like your normal business Goods.

So, don't wait if you are into export of Agri products. just get the license from the Government which is a very simplified process and encash it and promote your business more by that money.

Do let me know your experiences if you have ever availed benefit of such scheme ?