The government has enhanced the scope of the Transport and Marketing Assistance (TMA) for specified agriculture products scheme by including dairy products under its purview and increasing the rates of assistance.
The scheme has been extended till March 31, 2022.
Enhanced assistance under the revised scheme is expected to help Indian exporters of agricultural products to meet rising freight and logistics costs.
Transport and Marketing Assistance scheme
• The department of commerce notified the Transport and Marketing Assistance (TMA) for specified agriculture scheme in 2019.
• The scheme aims to provide assistance for the international component of freight and marketing of agricultural produce, which is likely to mitigate disadvantage of 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.
• It was initially applicable for exports effected during March 1, 2019 to March 31, 2020. It was later extended up to March 31, 2021.
• Now, the department of commerce has notified revised TMA for specified agriculture products scheme for exports effected on or after April 1, 2021 up to March 31, 2022.
• The government announced the scheme for providing financial assistance for transport and marketing of agricultural products to boost exports of such commodities to certain countries in Europe and North America.
• Under the TMA plan, it reimburses a certain portion of freight charges and provides assistance for marketing of agricultural produce.
• Dairy products, which were not covered under the earlier scheme, will now be eligible for assistance.
• Rates of assistance have been increased, by 50 per cent for exports by sea and 100 per cent through air.