Question

The Ministry of Micro, Small and Medium Enterprises is implementing the ‘International Cooperation Scheme’ under which financial assistance is provided to Micro, Small and Medium Enterprises (MSMEs) to promote export from them. With reference to the above scheme,consider the following statements-
I.75 percent of the cost paid subject to a maximum of Rs. 40,000/- or actual, whichever is lower subject to quarterly reporting by Export Promotion Councils (EPCs) as per prescribed format.
II.Maximum reimbursement in a financial year of Rs. 10,000/- or actual, whichever is lower subject to quarterly reporting by ECGC as per prescribed format.
III.With respect to the fee paid on Testing & Quality Certification acquired by MSEs to Export Products,reimbursement allowed for a maximum of 3 certificates per financial year with a ceiling of Rs. 1.5 Lakh per MSE unit. Which of the following is/are correct?

A Only I
B Only II
C Only I & II
D Only II & III
E None of these
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