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.
Department of Commerce (under Ministry of Commerce & Industry) had introduced ‘Transport and Marketing Assistance (TMA) for Specified Agriculture Products Scheme’ in 2019. The objective of TMA was to provide assistance for the international component of freight, to reduce the freight costs for the Indian exporters of agriculture products.
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. There are two major changes in the revised scheme:
- Dairy products will now 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.