The agency has issued a notice in this regard, stating that the Ministry of Finance, Expenditures Department, has decided to continue financial support for the export promotion program until June 30th.
The communication issued by the authority states: “Therefore, new proposals are requested within the framework of existing regulations for the examination of financial support, which must be completed by June 30, 2021.” In addition, it is pointed out that no funds will be released beyond this Date applies in the event that a system is not praised and proven by then, subject to a special relaxation by the relevant expenditure department.
The program was scheduled for a period of three years from 2017-18 to 2019-20 for the creation of export infrastructure, quality development and market development with a total expenditure provision of 439 billion rupees. In addition, provisions to promote the export of organic products as part of export infrastructure development and market development have been included in the program.
Support under the EDA financial aid system was only available to registered exporters or other organizations such as central / government agencies, FPOs, etc. for planned EDA products, with the exception of support under infrastructure components for organic products.
The program includes fresh produce and processed foods. The focus was primarily on setting up post-harvest handling facilities to reduce spoilage losses and ensure the quality production of agricultural products, as well as ensuring compliance with the food safety requirements of various countries, an ongoing process common in international trade by was paramount.
In addition, the program envisages the development of structured marketing strategies for the export of food, market information for informed decisions, international presence, competence development, capacity building and high-quality packaging as important aspects.