Market Access Initiatives (MAI) Scheme | #Current affair #ytshort #short

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5.‘Market Access Initiatives (MAI) Scheme’ is associated with which Union Ministry?
[A] Ministry of MSME
[B] Ministry of Commerce and Industry
[C] Ministry of Home Affairs
[D] Ministry of Women and Child Development

Notes:
The Market Access Initiatives (MAI) Scheme has been updated to allow startups and new exporters to receive airfare reimbursement for participating in international events, and existing exporters will now receive a 20% higher ceiling for this incentive.
Despite these measures, India’s goods exports experienced a significant 22% year-on-year contraction in June, reaching $32.97 billion, marking the steepest decline in three years. The MAI Scheme aims to provide financial support for export promotion activities.

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