Transport and Marketing Assistance (TMA) for Specified Agriculture Products Notified

Transport and Marketing Assistance

Question: Transport and Marketing assistance for specified agriculture products has been notified by which of the following?
(a) Department of Commerce of the Ministry of Commerce and Industry
(b) Ministry of Road Transport
(c) Ministry of Agriculture
(d) None of the above
Answer 🙁 a)
Related facts:

  • On 5 March 2019, Department of Commerce of the Ministry of Commerce and Industry notified a scheme for transport and Marketing Assistance for specified Agriculture Products.
  • The scheme would be suitably included in the Foreign Trade Policy (2015-20).
  • Scheme aims to provide assistance for the international component of freight and marketing of agricultural produce which is likely to mitigate 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.

Coverage:

  • All exporters duly registered with relevant Export Promotion Council as per Foreign Trade Policy of eligible agriculture products shall be covered under this scheme.
  • The scheme would be applicable for a period as specified from time to time.

Applicability:

  • The scheme would be applicable for a period as specified from time to time.
  • Presently the scheme would be available for exports affected from 1.3.2019 to 31.3.2020.

Link:

http://pib.nic.in/newsite/PrintRelease.aspx?relid=189200