Question
Consider the following statements with reference to
āTrade Infrastructure for Export Scheme (TIES)ā: I. The Trade Infrastructure for Export Scheme was launched by the Ministry of Heavy Industries. II. The Central Government helps with infrastructure creation by providing Grant-in-aid. III. Grants-in-aid are given by the Union Ministry to State Governments. Which of the statement given above is/are correct?Solution
Statement I is not correct -: In 2017, the Ministry of Commerce and Industry launched the Trade Infrastructure for Export Scheme (TIES). Its objective is to assist Central and State Government agencies in the creation of appropriate infrastructure for the growth of exports. Statement II is correct -: The Central Government assistance for infrastructure creation will be in the form of grant-in-aid. Statement III is not correct -: Grants-in-aid are given by the Union Government to State Governments and/or Panchayati Raj Institutions.
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