Rates of assistance have been increased, by 50 per cent for exports by sea and by 100 per cent for exports by air.
The Narendra Modi government has revised the Transport and Marketing Assistance (TMA) scheme for specified agriculture products.
The Transport and Marketing Assistance (TMA) for specified agriculture products scheme aims to provide assistance for the international component of freight and marketing of agricultural produce, which is likely to mitigate the disadvantage of the higher cost of transportation of export of specified agriculture products due to trans-shipment and to promote brand recognition for Indian agricultural products in the specified overseas markets.
Dairy products, which were not covered under the earlier scheme, will be eligible for assistance.
Rates of assistance have been increased, by 50 per cent for exports by sea and by 100 per cent for exports by air.
In February 2019, the Department of Commerce had introduced ‘Transport and Marketing Assistance (TMA) for Specified Agriculture Products Scheme’ to provide assistance for the international component of freight, to mitigate the disadvantage of higher freight costs faced by the Indian exporters of agriculture products.
The scheme was initially applicable for exports affected during the period from March 01, 2019, to March 31, 2020, and was later extended for exports affected up to March 31, 2021.
Now the Department has notified ‘Revised Transport and Marketing Assistance (TMA) for Specified Agriculture Products Scheme’ for exports effected on or after April 01, 2021, up to March 31, 2022. The existing scheme will remain in operation for exports affected up to March 31, 2021.
The Directorate General of Foreign Trade (DGFT) will shortly notify the procedure for availing assistance under the revised scheme.
Enhanced assistance under the revised scheme is expected to help Indian exporters of agricultural products to meet rising freight and logistics costs.
