It is a major step to accelerate the growth of service sector exports from the landlocked state.
The scheme will provide financial support to help service exporters expand their footprint in international markets.
This will enhance the global competitiveness of service exporters from UP< strengthen their marketing capabilities, and improve service quality in line with international standards.
By promoting service exports, the scheme will strengthen the state’s export-oriented economy while generating new employment and investment opportunities.
The scheme will benefit service exporters registered with the UP Export Promotion Bureau (UPEPB) and the UP Export Promotion Council, who are engaged in exporting services under the 12 champion service sectors identified by the Government of India and are promoting services originating from Uttar Pradesh in global markets.
Under the policy, service exporters will be eligible for financial assistance of up to 75 percent, subject to a maximum of Rs 2 lakh, towards stall rental expenses for participation in international trade fairs, exhibitions, and buyer-seller meets held abroad.
Additionally, assistance of up to 75 percent, capped at Rs 1 lakh, will be provided towards economy class air travel for one participant.
For participation in international trade fairs held within the country, assistance of up to Rs 50,000 for stall rental and up to Rs 25,000 for travel expenses will be available.
Organising agencies conducting international trade fairs, exhibitions, and buyer-seller meets abroad will be eligible for financial assistance covering up to 75 percent of the total expenditure, with a maximum limit of Rs 1 crore.
For similar international events held within the country, assistance of up to Rs 75 lakh will be provided. Participation by a minimum of 20 service-exporting units will be mandatory in this category.
In recent years, UP service sector has recorded strong growth in exports and currently contributes nearly 45 percent to the state’s Gross State Domestic Product (GSDP), underscoring its vital role in achieving the state’s target of becoming a $1 trillion economy.
High-potential sectors include IT-ITES, fintech, tourism, health and wellness, logistics, transportation, supply chain services, and media and audiovisual services.
The entire application process under the scheme will be conducted online.
Exporting units must submit their applications within 120 days from the conclusion of the fair or event. Eligible claims will be processed on a first-come, first-served basis, with the approved assistance amount transferred directly to beneficiaries through Direct Benefit Transfer (DBT).