With reference to Capacity Building of First-Time MSME Exporters (CBFTE) scheme consider the following statements:: 1. It aims to encourage MSMEs to offer products and services of international standards for the global market.2. The scheme will enhance the participation of Indian MSMEs in the global value chain and help them realise their export potential.Which of the statements given above is/are correct? |ForumIAS

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C

Notes:

Capacity Building of First-Time MSME Exporters’ (CBFTE) scheme aims to encourage MSMEs to offer products and services of international standards for the global market. This will enhance the participation of Indian MSMEs in the global value chain and help them realise their export potential. Source: https://www.livemint.com/economy/small-exporters-demand-empowered-grievance-redressal-mechanism-11663518979812.html