What is APEDA Financial Assistance Scheme?

What is APEDA Financial Assistance Scheme?
Finance

What is APEDA Financial Assistance Scheme?

APEDA full form is Agricultural and Processed Food Products Export Development Authority. APEDA runs a Financial Assistance Scheme (FAS) for export promotion. Under this scheme, the exporters registered with the Authority can get financial assistance for agri-products. To learn about the FAS scheme, go through this article.

About Financial Assistance Scheme

The Financial Assistance Scheme is a scheme launched by APEDA. It aims to promote exports of agricultural and processed food products by offering financial assistance to APEDA-registered exporters. It covers development of infrastructure, market and quality of agriculture and food products. 

The scheme has been open and implemented for the period of 2021-22 to 2025-26.  The members who are not registered with APEDA are not eligible to apply for assistance under the scheme. Hence, to avail the benefits of the scheme, exporters must first get APEDA registration.

Objectives of Financial Assistance Scheme

The FAS scheme of APEDA has the following objectives:

Documents Required for FAS Scheme

The following documents are required to register for FAS scheme:

Eligibility of FAS Scheme

Exporters must ensure they fulfill the following requirements to ensure they are eligible for FAS scheme:

Conclusion

The Financial Assistance Scheme (FAS) is an export promotion initiative by APEDA, which operates under the Ministry of Commerce and Industry to support the export of agricultural and processed food products. This scheme is open for the period from 2021-22 to 2025-26. Applications were accepted until December 15, 2024, so the application window is now closed. However, the benefits of the scheme will remain available to all eligible beneficiaries throughout the duration of the program. 

To get benefits of any APEDA scheme, obtaining the APEDA RCMC Certificate is a must. Make sure to register with the authority and obtain this certificate to access the benefits of any upcoming APEDA schemes. For assistance, feel free to connect with the Registrationwala team.

Frequently Asked Questions (FAQs)

Q1. What is the financial assistance offered by APEDA FAS Scheme?

A. The APEDA FAS Scheme offers financial assistance ranging from 40% to 90% of the total cost, subject to specified ceilings depending on the type of activity.

Q2. For what period was the APEDA Financial Assistance Scheme launched?

A. The APEDA Financial Assistance Scheme was launched for the period 2021-22 to 2025-26.

Q3. What is the full form of FAS?

A. The full form of FAS is Financial Assistance Scheme.

Q4. Is APEDA registration required to avail benefits of APEDA schemes?

A. Yes, APEDA registration is required to avail the benefits of APEDA schemes.

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