Sign In
Learn bits
Schemes & Policies
Pradeep Kumar

11/09/21 09:15 AM IST

Transport and Marketing Assistance (TMA) scheme

In news

Centre has revised "Transport and Marketing Assistance" (TMA) scheme for Specified Agriculture Products.

Revision of the scheme
  • Dairy products, which were not covered under the earlier scheme, will be eligible for assistance.
  • Rates of assistance have been increased, by 50% for exports by sea and by 100% for exports by air.
  • 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.
  • Enhanced assistance under the revised scheme is expected to help Indian exporters of agricultural products to meet rising freight and logistics costs.
Objective of schemes
  • The scheme aims to provide assistance for the international component of freight and marketing of agricultural produce.
  • To mitigate disadvantage of higher cost of transportation of export of specified agriculture products due to trans-shipment.
  • To promote brand recognition for Indian agricultural products in the specified overseas markets.
Impact

This scheme is likely to mitigate the 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.

Source: PIB

More Related Current Affairs View All

05 Mar

First-ever comprehensive survey of India’s river dolphins

'Prime Minister Narendra Modi released the results of the first-ever comprehensive population estimation of riverine dolphins – Gangetic and Indus dolphins – done in In

Read More

05 Mar

Arresting women at night

'The Madurai Bench of the Madras High Court in Deepa versus S. Vijayalakshmi and Others ruled that the legal provision in the Bharatiya Nagarik Suraksha Sanhita (BNSS), 2023, which

Read More

05 Mar

Digital Personal Data Protection Act, 2023

'The Ministry of Electronics and Information Technology (MeitY) looking to wrap up public consultations on the draft Rules for the Digital Personal Data Protection Act, 2023 by Mar

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps