Merchandise Export from India and Service Export from India scheme- 2 schemes under New FTP 2015-2020

Q.  Name the two schemes introduced under the new foreign trade policy?
- Published on 31 Jul 15

a. Merchandise Export from India Scheme & Services Export from India Scheme
b. Services Export from India Scheme & Services Import from India Scheme
c. Services Import from India Scheme & Merchandise Export from India Scheme
d. Merchandise Import from India Scheme & Services Export from India Scheme

ANSWER: Merchandise Export from India Scheme & Services Export from India Scheme
 
The new trade policy introduced two new schemes; the first one is Merchandise Export from India Scheme (MEIS) for export of specific goods to specific markets. The other, Services Export form India Scheme (SEIS) to increase the export of notified services. These two schemes will replace multiple schemes with different conditions for eligibility and usage.

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