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TRANSPORT AND MARKETING ASSISTANCE (TMA) FOR SPECIFIED AGRICULTURE PRODUCTS

March 6, 2019

Department of Commerce of the Ministry of Commerce & Industry has notified a scheme for Transport and Marketing Assistance (TMA) for Specified Agriculture Products to provide assistance for the international component of freight and marketing of agricultural produce.

About: 

  • Objective: To provide assistance for the international component of freight and marketing of agricultural produce. 

  • Benefit of the scheme: It 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. 

  • Parent policy: The scheme would be suitably included in the Foreign Trade Policy (2015-20). 

  • 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. 

  • Applicability: The Scheme would be applicable for a period as specified from time to time. Presently the Scheme would be available for exports effected from March 1, 2019 to March 31, 2020. 

  • Eligibility of Products: 
    • The assistance is available for most agricultural product exports with some exceptions such as live animals, products of animal origin, milk, cream, curd, butter, buttermilk, whey, rice, wheat, tobacco and garlic. 

    • The assistance shall be admissible only if payments for the exports are received in Free Foreign Exchange through normal banking channels. 

    • The scheme shall be admissible for exports made through EDI (Electronic Data Interchange) ports only. 



Source : The Hindu

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