APEDA extends the timeline for Financial Assistance

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The Agricultural and Processed Food Export Development Authority, a wing of the central government runs various schemes for the promotion of processed food and agricultural products. Recently APEDA extends the timeline for Financial Assistance for the Agricultural and Processed Food Export Promotion Scheme and it will continue until 30.06.2021.

The extended timeline has opened the gate for the exporters to submit the new proposals for this scheme.

Agriculture and Processed Food Export Promotion Scheme

The government of India has formed an organ (APEDA) under the Ministry of Commerce and Industry to promote and develop the export of agro products. Under this organ, many programs run and the government provides financial assistance to boost the export of agricultural products and one such is the Agriculture Export Promotion Scheme.

In this scheme, the exporters get financial assistance from the government to promote agricultural and processed foods. The scheme classifies three types of exporters based on the nature of work and they are; Export Infrastructure Development, Quality Development, and Market Development.

The tenure of the scheme was of 3 years starting from 2017-18 and ending in 2019-2020. But the pandemic that came in 2020 dropped the GDP and as a result, export business was too hampered. So, APEDA extends the timeline for Financial Assistance so that they can realize the set goal.

This scheme aims to create export infrastructure and other developments at Rs 439 crore. The registered exporters and other organizations are eligible for this financial grant. Moreover, the government also targeted to cover the fresh agricultural and processed products through setting up post-harvesting facilities.

It has been observed that the lack of harvesting facilities led to the loss of agricultural products and due to the same, these products cannot be exported. So, proper harvesting facilities help the government to earn more revenue through the export of such products.

APEDA Registration

The registered exporters can only get financial assistance from the government to promote agricultural and processed food products. The applicant who wants to register will have to submit the application form online within one month from starting the business.

Once the authority approves the form, then the applicant will get a one-time Registration-Cum-Membership Certificate.

The documents required for APEDA Registration are; duly signed application form, import-export code issued by D.G.F.T, Bank Account Statement, and one canceled cheque. Earlier, the process was offline, but now everything is online.

APEDA plans to revamp, improve National Programme for Organic Production Standards

Moreover, you require any kind of guidance related to the APEDA Registration, please feel free to contact our business advisors at 8881-069-069.

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