Increased Funding for MAI Scheme to Support SME Exporters

The Ministry of Commerce and Industry has increased the total allocation for the Market Access Initiatives (MAI) scheme for the upcoming fiscal year. This scheme is crucial for small and medium-sized enterprises (SMEs) aiming to explore and enter new international markets.

The increased funds will provide more substantial grants for exporters to participate in international trade fairs, conduct market studies, and meet regulatory compliance costs in foreign countries. This is a direct response to help enterprises diversify their export destinations.