What is market development assistance (MDA) scheme?
CS Executive · Economic and Commercial Laws · PYQS · June 2015
What is market development assistance (MDA) scheme?
Answer & Explanation:
Market Development Assistance (MDA) Under MDA Scheme, financial assistance is provided for a range of export promotion activities implemented by Export Promotion Councils and Trade Promotion Organizations on the basis of approved annual action plans. The scheme is administered by Department of Commerce. Assistance includes, amongst others, participation in: Trade Fairs and Buyer Seller meets abroad or in India, and Export promotions seminars. Financial assistance with travel grant is available to exporters traveling to focus areas, viz., Latin America, Africa, CIS region, ASEAN countries, Australia and New Zealand. In other areas, financial assistance without travel grant is available. MDA assistance is available for exports having an annual export turnover as prescribed in MDA guidelines.
Topics: Foreign Trade Policy
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