The Marine Products Export Development Authority (MPEDA) plays a pivotal role in promoting and supporting India’s marine product exports. Established in 1972 under the Ministry of Commerce and Industry, MPEDA is dedicated to the development of the marine products industry with a special focus on exports. For small-scale exporters, MPEDA offers a range of financial assistance programs designed to enhance competitiveness, ensure quality, and expand their reach in the global market.

Financial Assistance Schemes by MPEDA

MPEDA’s financial assistance schemes are tailored to address various facets of the marine export industry, from aquaculture to processing and marketing. Below are some of the key programs:

1. Capture Fisheries Initiatives

a) Assistance for Deep Sea Fishing

To promote the exploitation of underutilized deep-sea resources, MPEDA provides financial support for the construction of new tuna longliners. This initiative encourages fishermen to venture into deep-sea fishing, thereby tapping into valuable tuna resources. The scheme offers an interest subsidy to reduce the financial burden on entrepreneurs investing in this sector.

b) Onboard Handling Facilities

Ensuring the quality of catch is paramount for export success. MPEDA offers financial assistance for the installation of onboard facilities such as refrigerated seawater systems and ice-making machines. This support covers 30% of the cost of eligible items, up to a maximum of ₹5 lakh per fishing vessel owner. Such facilities help in preserving the catch, maintaining its freshness, and meeting international quality standards.

2. Processing Infrastructure and Value Addition

a) Technology Upgradation Scheme for Marine Products (TUSMP)

To boost value addition in seafood processing, MPEDA introduced TUSMP. This scheme provides financial assistance in the form of a capital subsidy of 25% of the expenditure incurred for value addition, subject to a maximum of ₹100 lakh for new units and ₹85 lakh for existing units. Additionally, an interest subsidy of 5% on term loans is available, with ceilings of ₹150 lakh for new units and ₹125 lakh for existing ones. This support enables processors to adopt advanced technologies, enhance product quality, and diversify their product range.

b) Assistance for Setting Up Cold Storages

Cold storage facilities are crucial for maintaining the quality of marine products during storage and transportation. MPEDA offers 25% of the cost of establishing large cold storages, subject to a maximum of ₹60 lakh. This assistance encourages exporters to invest in infrastructure that ensures the longevity and quality of their products, thereby meeting the stringent requirements of international markets.

3. Culture Fisheries Development

a) New Farm Development

To augment shrimp and scampi production, MPEDA provides financial assistance for setting up new aquaculture farms. Beneficiaries receive 25% of the capital cost, up to ₹50,000 per hectare of water spread area, with a maximum subsidy of ₹2.5 lakh for developing farms up to 5 hectares. This initiative supports farmers in establishing sustainable aquaculture practices, leading to increased production and export potential.

b) Establishment of Hatcheries

Quality seed supply is fundamental to successful aquaculture. MPEDA offers assistance for setting up hatcheries with a production capacity ranging from 10 to 30 million post-larvae annually. The scheme provides 25% of the capital cost, up to ₹3 lakh for small-scale hatcheries, and up to ₹6 lakh for medium-scale hatcheries. This support ensures a steady supply of healthy and disease-free seeds to farmers, enhancing overall productivity.

4. Market Promotion and Support

a) Sea Freight Assistance

To make Indian marine products more competitive in the global market, MPEDA offers sea freight assistance to exporters. This scheme aims to offset the high logistics costs, enabling exporters to price their products more competitively. By reducing transportation expenses, small-scale exporters can expand their market reach and improve profitability.

b) Assistance for Export of Ornamental Fish

Recognizing the potential of ornamental fish in the global market, MPEDA provides financial support for the export of ornamental fish and live aquarium plants. This assistance includes support for establishing breeding units and marketing societies, with financial aid covering up to 50% of the eligible expenditure, subject to specified limits. This initiative promotes diversification in marine exports and opens new avenues for small-scale entrepreneurs.

Impact of MPEDA’s Financial Assistance

The financial assistance programs by MPEDA have significantly contributed to the growth of India’s marine exports. In the fiscal year 2017-18, seafood exports reached $7.08 billion, a substantial increase from $1.89 billion in 2007-08. This growth trajectory indicates the effectiveness of MPEDA’s schemes in enhancing production, ensuring quality, and expanding market access for small-scale exporters.

Moreover, these initiatives have led to the adoption of modern technologies, improved handling practices, and adherence to international quality standards. Small-scale exporters, in particular, have benefited from reduced operational costs, better infrastructure, and increased competitiveness in the global arena.

Partnering with Altus Exports for Global Expansion

While MPEDA provides the necessary financial support and infrastructure development, navigating the complexities of international markets requires strategic partnerships. Altus Exports stands as a reliable ally for Indian manufacturers aiming to introduce their products to the global stage.

How Altus Exports Can Assist:

• Expertise in International Markets: Altus Exports possesses a deep understanding of global market dynamics, helping manufacturers identify and penetrate lucrative markets.

• Comprehensive Export Solutions: From compliance with international regulations to logistics and distribution, Altus Exports offers end-to-end solutions, ensuring a seamless export process.

• Extensive Network: With a vast network of international buyers and partners, Altus Exports connects manufacturers with the right clientele, facilitating successful business relationships.

Partnering with Altus Exports:

Manufacturers interested in expanding their global footprint can collaborate with Altus Exports through a straightforward partnership model. By visiting the [Manufacturer Partnership](https://altusexports.com/manufacturer-partnership