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      Question

      Which of the following schemes facilitates the easy

      availability of credit to exporters while also reducing risks associated with exports?
      A Trade Infrastructure for Export Scheme (TIES) Correct Answer Incorrect Answer
      B Market Access Initiatives (MAI) Scheme Correct Answer Incorrect Answer
      C Export Credit Guarantee Scheme (ECGS) Correct Answer Incorrect Answer
      D Interest Equalisation Scheme Correct Answer Incorrect Answer
      E Rebate of State and Central Levies and Taxes (RoSCTL) Correct Answer Incorrect Answer

      Solution

      The Export Credit Guarantee Scheme (ECGS) plays a crucial role in supporting exporters by: • Ensuring smooth access to credit, • Reducing risks linked to international trade and delayed payments, and • Enhancing confidence among exporters and lenders. Other schemes serve different purposes: • TIES: Focuses on developing trade infrastructure. • MAI: Helps exporters in market development and promotion. • Interest Equalisation Scheme: Offers subsidized interest rates on export credit. • RoSCTL: Provides rebates on state and central taxes to make Indian exports competitive. Thus, ECGS specifically addresses the credit availability and risk mitigation aspect of exports.

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