Transport and Marketing Assistance (TMA) scheme
Part of: GS Prelims and GS-II: Government policies and interventions for development in various sectors and issues arising out of their design and implementation
In News: Centre Revises “Transport and Marketing Assistance” (TMA) scheme for Specified Agriculture Products’
Background: 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 disadvantage of higher freight costs faced by the Indian exporters of agriculture products.
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.
Advantage: Enhanced assistance under the revised scheme is expected to help Indian exporters of agricultural products to meet rising freight and logistics costs.
News Source: PIB