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

07 Aug

Uttarkashi flash floods

'At least four people died after flash floods and mudslides swept through Dharali village in Uttarkashi district.' Flash floods are not uncommon in the upper hilly areas of Utta

Read More

06 Aug

Hong Kong regulating and licensing stablecoins

'Hong Kong is taking a decisive step forward in regulating certain types of cryptocurrencies, as it prepares to enforce the Stablecoins Ordinance from August 1.' The new regulat

Read More

06 Aug

Money laundering

'A report submitted by the Finance Minister in the Rajya Sabha states that 5,892 cases were taken up by the Enforcement Directorate (ED) under the Prevention of Money Laundering Ac

Read More

India’s First Ai-Driven Magazine Generator

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