To help farm product exporters bear the burden of rising freight costs, the Centre has increased the rates of support under the transport and marketing assistance scheme and expanded its scope to include dairy products.
According to an official release, ‘under the revised scheme, rates of assistance have been increased by 50% for sea exports and 100% for air exports.’
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According to the release, the Department of Commerce has notified the Revised Transport and Marketing Assistance (TMA) for Specified Agriculture Products Scheme’ for exports made on or after April 1, 2021 and ending on March 31, 2022.
The government introduced the TMA for Specified Agriculture Products Scheme in February 2019 to provide assistance for the international component of freight, thereby mitigating the disadvantage of higher freight costs faced by Indian agricultural exporters.
The scheme initially applied to exports between March 1, 2019 and March 31, 2020, but it was later extended by one year.
Dairy products, which were not eligible under the previous scheme, will now be eligible under the revised scheme, according to the release.
The procedure for obtaining assistance under the revised scheme will be announced shortly by the Directorate General of Foreign Trade (DGFT).
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