Export Promotion Cell for MSMEs

The Ministry of Micro, Small and Medium Enterprises has established an Export Promotion Cell.

• The cell aims to create a sustainable ecosystem for Micro, Small and Medium Enterprises (MSMEs).

Exports from the MSME sector:

• The value of MSME-related export products was USD 147,390.08 million in 2017-18.
• The share of MSME-related products in the country's exports was 48.56 per cent during 2017-18.

Benefits of the Promotion Cell:

• Integration of MSMEs into the global value chain.
• Evaluation of readiness of MSMEs to export their products and services.
• Recognition of areas where improvements are required in order to be able to export effectively and efficiently.

Presence of a Governing Council:

• In order to ensure the efficient delivery of the export-related interventions for the MSMEs, the MSME Ministry has decided to set up a Governing Council chaired by the Secretary of the MSME Ministry and co-chaired by the Development Commissioner, MSME.
• The Council will also comprise of senior officials and members from ministries of MSME and commerce, MSME Export Promotion Council, Export Development Authority, Commodity Boards, and other bodies.

Question:

Q. The Ministry of Micro, Small and Medium Enterprises (MSMEs) has established which cell that aims to create a sustainable ecosystem for MSMEs?
a. Rural Promotion Cell
b. Export Promotion Cell
c. Loan Promotion Cell
d. Quality Promotion Cell