Special Marketing Development Assistance Scheme not to be extended Further

 

The Department of Commerce, Ministry of Commerce and Industry, Government of India had implemented the Special Marketing Development Assistance ( MDA) Scheme through which financial assistance was extended to the exporters for undertaking sale-cum-study tours to the USA and select countries in the European Union ( Germany, UK, France, Italy, Netherlands, Spain) over and above the limit of two permissible events allowed under normal MDA Scheme. This special MDA package was implemented for a period of six months from October 2001 to March 2002, to enable the exporters to sustain their market development and export promotion efforts by undertaking frequent business tours and maintain constant contacts with the overseas buyers in the wake of uncertain market situation created by the developments in the USA.

The Ministry of Commerce and Industry has now announced that the Special MDA Scheme, which was operational till 31^st March 2002, will not be extended any further. Exporters may however utilize the financial assistance offered under the normal MDA Scheme.