Answer: Ministry of Commerce and Industry
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.
