Transport and Marketing Assistance Scheme (TMA)

[mstakh.i.mo.mi]

The primary objective of the Transport and Marketing Assistance Scheme is to boost the Indian agricultural sector and make related products more competitive in international markets. The TMA scheme focuses on mitigating the high cost of transportation and providing marketing support for this industry.

14. (Goods and Services Tax) GST Refund for Exporters
GST Act offers some beneficial schemes to the exporters:

IGST Refund: Exporters are entitled to get a refund for the integrated GST they nepal phone number list initially paid on export goods. The customs department provides this refund.
LUT Bond Scheme: By obtaining an LUT (Letter of Undertaking) bond, exporters can export goods without paying GST.
1% GST Benefit for Merchant Exporters: Merchant exporters can export goods from local suppliers at a 1% concessional GST rate.
15. Niryat Rin Vikas Yojna (NIRVIK) Scheme
The NIRVIK Scheme aims to simplify the claim settlement process for exporters. It was introduced by the ECGC (Export Credit Guarantee Corporation of India) to provide high insurance cover, facilitate loan lending, and reduce premiums for small exporters. With this scheme, many small-scale exporters were seamlessly disbursed credit.