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APEDA extends timeline under export promotion scheme to June 30
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Monday, 17 May, 2021, 08 : 00 AM [IST]
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Ashwani Maindola, New Delhi
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The Agriculture and Processed Food Export Development Authority (APEDA) has extended the timeline for financial assistance under the Agriculture and Processed Food Export Promotion Scheme until June 30, 2021.
The Authority has issued a notice in this regard saying that the Ministry of Finance, Department of Expenditure, has decided to continue the financial assistance to the export promotion scheme until June 30th.
The notice issued by the Authority says, “Therefore, new proposals under existing schemes are invited for approval of financial assistance which will have to be completed by 30.06.2021,” and added that it may also be noted that no funds will be released beyond this date in case if any scheme is not appraised and approved by then subject to any specific relaxation given by the Department of Expenditure in this regard.
The scheme was for a period of three years starting from 2017-18 to 2019-20 for creation of export infrastructure, quality development, and market development with a total expenditure provision of Rs 439 crore. Besides, provisions were also included for promotion of export of organic products under Export Infrastructure Development and Market Development under the scheme.
The assistance under Financial Assistance Scheme of APEDA was available to registered exporters or other organisations such as Central/State agencies, FPOs etc. for APEDA Scheduled Products only except assistance under components of infrastructure for organic products.
The scheme covers fresh produce and processed food products. The emphasis was primarily on setting up post-harvest handling facilities to reduce losses caused due to spoilage & to ensure quality production of agro products along with ensuring compliance with food safety requirements of different countries, a continuous process which was paramount in international trade.
Also, the scheme envisages evolving structured marketing strategies for export of food products, market intelligence for taking informed decisions, international exposure, skill development, capacity building and high quality packaging as important aspects.
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