APEDA Registration offers several advantages. One of the major benefits is APEDA Financial Assistance Scheme. Every exporter of APEDA Scheduled products may require monetary support from time to time, and that’s why APEDA offers a financial assistance scheme, among other benefits. In this article, we will go into detail to understand APEDA, APEDA Registration, and the benefits of the APEDA Financial Assistance Scheme.
What is APEDA?
APEDA (Agriculture and Processed Food Products Export Development Authority) is a popular government body for hosting various events and activities to increase agricultural exports in India.
In simple words, The Agricultural and Processed Food Products Export Development Authority (APEDA) is a government agency created in 1985 by an act to encourage the growth of scheduled commodity exports.
It gives financial assistance, as well as information and direction, to assist in the progress of targeted items.
Some major commodities are defined as scheduled products under the APEDA Act. Exporters can have and must get APEDA Registration to avail several of its benefits.
List of Products that APEDA Promotes
- Fruits, Vegetables and their Products.
- Meat and Meat Products.
- Poultry and Poultry Products.
- Dairy Products.
- Confectionery, Biscuits, and Bakery Products.
- Honey, Jaggery, and Sugar Products.
- Cocoa and its products, chocolates of all kinds.
- Alcoholic and Non-Alcoholic Beverages.
- Cereal and Cereal Products.
- Groundnuts, Peanuts, and Walnuts.
- Pickles, Papads, and Chutneys.
- Guar Gum.
- Floriculture and Floriculture Products.
- Herbal and Medicinal Plants.
In addition to this, APEDA also handles the responsibility to monitor the sugar import.
Why is APEDA Registration important in India?
Every Country wants its exports to rise. The same is true for India. India exports a large number of agricultural commodities. Therefore, APEDA Registration is the government scheme of the Indian Government to maintain the quality and quantity of exports.
The APEDA Registration benefits not only exporters but also farmers, merchants, etc. Most of the benefits of APEDA Registration are available to exporters directly. Thus, you, as an exporter, can boost your business through government assistance. The APEDA Registration allows you to:
- Participate in special training sessions to improve the quality and quantity of products.
- Increase the trade through getting more international customers and agreements for Packaging.
- Establish a record in APEDA’s Export Directory
- Gain benefits from other government schemes and demonstrate the reputation of your products.
Know all about APEDA Financial Assistance Scheme and Its benefits
APEDA, as an export council, plays a primary role in export activities. One of the main roles is to promote exports through financial assistance. The APEDA provides financial assistance schemes through three different categories. Any exporter with APEDA Registration and incurs expenses under the three categories as APEDA setup can claim the refunds.
Market Development
The Department of Commerce is implementing the Marketing Development Assistance (MDA) Scheme in light of the present macroeconomic circumstances, emphasizing exports, allowing various initiatives to develop and widen the nation’s export trade.
Under the Market Development category, APEDA currently provides financial assistance for growing product or design and development through feasibility studies, trial shipping of fresh horticulture items, and brand registration outside of India.
As a result, Claimants can make claims for up to 40% of the entire cost, with a maximum of Rs 10 lakhs per activity. Market Development has been allocated Rs 46 crores under the Financial Assistance Scheme.
Export Infrastructure Development
APEDA offers financial support to exporters under this program to build harvesting infrastructural development for fresh horticultural produce such as integrated pack houses, shielded refrigerated transport, portable pre-cooling units, plantain cable handling systems, and so on. Reimbursement for up to 40% of the overall cost can be lodged, with a maximum of Rs 100 Lakhs for every activity.
Quality Development under APEDA Financial Assistance Scheme
Exporters can also reimburse the cost incurred while improving the quality of products. For example, implementing food safety management systems such as ISO 22000 Certification, implementing international quality standards under ISO 9001 Certification, and acquiring hand-held devices for catching farm level peripheral position information for traceability systems are eligible for a refund of up to 40% of the total cost. However, the maximum refund is available up to Rs. 4 Lakhs for each applicant. In 2019-20, the budget for the Quality Development component was Rs 56.6 crores for quality development under APEDA Financial Assistance Scheme.
If you want any other guidance relating to the APEDA Registration, please feel free to talk to our business advisors at 8881-069-069.
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