The scheme has been extended till 31.03.2022
Centre has revised ’Transport and Marketing Assistance’ (TMA) scheme for Specified Agriculture Products’. In February 2019, the Department of Commerce had introduced ‘Transport and Marketing Assistance (TMA) for Specified Agriculture Products Scheme’ to assist with the international component of freight, to mitigate disadvantage of higher freight costs faced by the Indian exporters of agriculture products. The scheme was initially applicable for exports effected during the period from 01.03.2019 to 31.03.2020 and was later extended for exports effected up to 31.03.2021.
Now the department has notified ‘Revised Transport and Marketing Assistance (TMA) for Specified Agriculture Products Scheme’ for exports effected on or after 01.04.2021 up to 31.03.2022. The existing scheme will remain in operation for exports effected up to 31.03.2021.
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 per cent for exports by sea and by 100 per cent for exports by air.
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.
