What is the News?
The Centre has revised the “Transport and Marketing Assistance” (TMA) scheme for Specified Agriculture Products’.
About Transport and Marketing Assistance(TMA) for Specified Agriculture Products Scheme
Launched by: Ministry of Commerce & Industry in 2019.
The objective of the Scheme: The scheme aims to provide assistance for the international component of freight and marketing of agricultural produce.
The assistance will help mitigate the disadvantage of higher freight costs faced by the Indian exporters of agriculture products.
Coverage: All exporters, duly registered with relevant Export Promotion Council as per Foreign Trade Policy, of eligible agriculture products, shall be covered under this scheme.
The scheme covers freight and marketing assistance for export by air as well as by sea (both normal and reefer cargo).
Duration of the Scheme: The scheme was initially applicable for exports affected during the period from 01.03.2019 to 31.03.2020 and was later extended for exports affected up to 31.03.2021.
About ‘Revised Transport and Marketing Assistance (TMA) for Specified Agriculture Products Scheme’
The revised TMA scheme will be available for exports affected on or after 01.04.2021 up to 31.03.2022.
The following major changes have been made in the revised scheme:
Dairy products, which were not covered under the earlier scheme, will be eligible for assistance under the revised scheme.
Rates of assistance have been increased, by 50% for exports by sea and by 100% for exports by air.
Source: This post is based on the article “‘Centre Revises Transport and Marketing Assistance(TMA) scheme” published in PIB on 10th September 2021.
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