Concept: Assistance to States for Infrastructure Development of Exports Topic: Indian Economy Category: Representation of People’s Act, Government policies and interventions Related News: The Hindu, Apr 3 CNA mentions: (Apr 3)
Assistance to States for Infrastructure Development of Exports (ASIDE)
With the objective to involve all the states in expanding the exports through the provision of incentive –linked assistance to the government of the states, and also for the creation of suitable infrastructure for the growth and development of exports, Assistance to States for Infrastructure Development of Exports (ASIDE) was launched in 2002. The scheme subsumed the erstwhile schemes namely:
- Export Development Fund (EDF) for the North-East and Sikkim
- Critical Infrastructure Balancing Scheme (CIB)
- Export Promotion Zones Scheme (EPZ),
- Export Promotion Industrial Park Scheme (EPIP),
It is a centrally sponsored scheme. The expenditure/outlay for infrastructure development is distributed amidst the state governments on the basis of their performance in terms of exports in the year immediately preceding the current financial year.