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Consider the following statements with reference to the Market Access Initiative (MAI) Scheme:
Assistance is granted to the Export Promotion Councils, the Commodity Boards and the Apex Trade Organizations for carrying out various export promotion activities covered under the scheme
  • The government has enhanced the upper ceiling of reimbursement of expenditure on statutory compliances abroad from Rs.50 lakhs per exporter per annum to Rs. 2 crores per exporter per annum.
    Q. Which of the statements given above is/are correct?
    • a)
      1 Only
    • b)
      2 Only
    • c)
      Both 1 and 2
    • d)
      Neither 1 nor 2
    Correct answer is option 'C'. Can you explain this answer?
    Most Upvoted Answer
    Consider the following statements with reference to the Market Access...
    The Market Access Initiative (MAI) Scheme is an export promotion scheme, formulated to act as a catalyst to promote India’s exports on a sustained basis.
    The broad objectives of the MAI Scheme are:
    To display and promote India’s capabilities as a provider of world class goods and services.
    To project India as an attractive sourcing destination.
    To create a strong brand image for India.
    To facilitate exporters / industry bodies to participate in major events abroad in identified markets, to create an impact of Indian goods and services.
    To facilitate exporters to get exposure to new/ potential markets and access information on global trade.
    In order to facilitate market access to Pharma/ Chemical/ Cosmetics/ Agro Chemical/ Agricultural/ Animal/ Marine/ Food/ Engineering products, there are provisions under the MAI Scheme for supporting individual exporters by reimbursing expenses incurred on registration of products abroad and on other statutory compliances abroad. With effect from 7th January, 2019, the Government has enhanced the upper ceiling of reimbursement of expenditure on statutory compliances abroad from Rs.50 lakh per exporter per annum to Rs.2 crore per exporter per annum
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    Consider the following statements with reference to the Market Access Initiative (MAI) Scheme: Assistance is granted to the Export Promotion Councils, the Commodity Boards and the Apex Trade Organizations for carrying out various export promotion activities covered under the scheme The government has enhanced the upper ceiling of reimbursement of expenditure on statutory compliances abroad from Rs.50 lakhs per exporter per annum to Rs. 2 crores per exporter per annum. Q. Which of the statements given above is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
    Question Description
    Consider the following statements with reference to the Market Access Initiative (MAI) Scheme: Assistance is granted to the Export Promotion Councils, the Commodity Boards and the Apex Trade Organizations for carrying out various export promotion activities covered under the scheme The government has enhanced the upper ceiling of reimbursement of expenditure on statutory compliances abroad from Rs.50 lakhs per exporter per annum to Rs. 2 crores per exporter per annum. Q. Which of the statements given above is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements with reference to the Market Access Initiative (MAI) Scheme: Assistance is granted to the Export Promotion Councils, the Commodity Boards and the Apex Trade Organizations for carrying out various export promotion activities covered under the scheme The government has enhanced the upper ceiling of reimbursement of expenditure on statutory compliances abroad from Rs.50 lakhs per exporter per annum to Rs. 2 crores per exporter per annum. Q. Which of the statements given above is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with reference to the Market Access Initiative (MAI) Scheme: Assistance is granted to the Export Promotion Councils, the Commodity Boards and the Apex Trade Organizations for carrying out various export promotion activities covered under the scheme The government has enhanced the upper ceiling of reimbursement of expenditure on statutory compliances abroad from Rs.50 lakhs per exporter per annum to Rs. 2 crores per exporter per annum. Q. Which of the statements given above is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
    Solutions for Consider the following statements with reference to the Market Access Initiative (MAI) Scheme: Assistance is granted to the Export Promotion Councils, the Commodity Boards and the Apex Trade Organizations for carrying out various export promotion activities covered under the scheme The government has enhanced the upper ceiling of reimbursement of expenditure on statutory compliances abroad from Rs.50 lakhs per exporter per annum to Rs. 2 crores per exporter per annum. Q. Which of the statements given above is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
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