PLUTUS IAS REGISTERED BY ARGASIA EDUCATION PVT. LTD
Context:- Centre has revised “Transport and Marketing Assistance” (TMA) scheme for Specified Agriculture Products’. In February 2019, the Department of Commerce had introduced ‘Transport and Marketing Assistance (TMA) for Specified Agriculture Products Scheme’ to provide assistance for the international component of freight, to mitigate the disadvantage of higher freight costs faced by the Indian exporters of agriculture products.
The scheme was initially applicable for exports affected during the period from 01.03.2019 to 31.03.2020 and was later extended for exports affected up to 31.03.2021.
Following major changes have been made in the revised scheme:
Dairy products, which were not covered under the earlier scheme, will 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.