The Ministry of Finance has increased the Merchandise Exports from India scheme (MEIS) rates for readymade garments and made-ups from 2 per cent to 4 per cent for a period of 1.11.2017 to 30.6.2018 on 24th November 2017. The industry has welcomed this announcement and thanked the government for this initiative. The enhancement in MEIS rates is a big relief to the garment export sector at this hour of crisis. It will also help in the mitigation of the currency difference to some extent.