Objective of the Scheme

Technology infusion and/or upgradation of Indian micro, small and medium enterprises (MSMEs), their modernisation and promotion of their exports are the principal objectives of assistance under the International Cooperation Scheme. The Scheme would cover the following activities:

(i) Deputation of MSME business delegations to other countries for exploring new areas of technology infusion/upgradation, facilitating joint ventures, improving market of MSMEs products, foreign collaborations, to visit international exhibitions/trade fairs etc.

(ii) Participation by Indian MSMEs in international exhibitions, trade fairs and buyer-seller meets in foreign countries.

(iii) Participation in International exhibitions/ trade fairs held in India in which there is international participation.

(iv) Holding international conferences and seminars on topics and themes of interest to the Indian MSMEs.

Assistance under the Scheme

1.Budget estimate of the event

The applicant organisation will submit an application for assistance in the proforma as prescribed by the Ministry, along with the relevant documents and the budget estimate of the expenditure on the proposed event in the proforma as prescribed by the Ministry, giving full details of all sources/items of funding and expenditure. The admissible financial assistance would be worked out on the basis of this budget estimate and in accordance with the criteria/scale mentioned in the next paragraph.

2. Scales of Assistance and Eligible

Items of Expenditure Items of expenditure for which assistance may be considered under the scheme are specified below:

Deputation of MSME Business Delegations to foreign countries

The financial assistance would be provided to eligible organizations for deputations of MSME delegations to foreign countries in international seminars and exhibitions. The eligible items would be under as:

Table 1

Note

1:

1. A delegation would normally comprise of minimum 5 entrepreneurs and 1 office bearer.
2. Only 1 office beraer will be allowed for the applicant organizations. It is a subject to prior approval by the ministry if the number goes up.
3. The applicant organization should bear the expenditure of office bearer and can claim the same amount in reimbursement bills.

2: Participation in International Exhibitions/Trade/Fairs/Buyer-Seller Meets: Financial assistance would be provided to the eligible applicant organizations for participation in the international trade, exhibitions, buyer-seller meets where Indian companies can show the latest Indian technologies or expose the Indian MSMEs to new technologies. The eligible items and scope of assistance is prescribed in the following table:

Table 2

 Note 2:

Same as discussed in the first Note 1.

1. Participation in International Exhibitions/Trade Fairs Held in India: In the events where more than one organization of the ministry/agency sponsored under the scheme is participating in that case one of the organizations under the ministry will possibly act as lead organization. Under this scheme, an assistance may be provided for participation of Indian MSMEs in events like India International Trade Fair (IITF) or similar events. Items of eligible expenditure under this has been listed below:

Table 3

Note 3:

The maximum amount will be 5 lacs under this section of the scheme per event per participating organization.

2. Organization of International Conferences/Seminars in India: Under this section of the scheme, assistance may be provided in the international conferences and seminars held in India where more than 50% or equal of total participants   are foreigners. Items of expenditure which comes under the preview is listed in Table 4:

Table 4

 Quantum of Assistance:

1. For International Events: Maximum 25 Lacs
2. For National Events: Maximum 12 Lacs

Eligibility:

The eligibility conditions for seeking financial assistance under the Scheme are:

1. a) The applicant organization should be suitably registered (i.e., companies under the Companies Act, Societies under the Societies Act, etc.) with the primary objective of promotion and development of MSME.
2. b) The applicant organisation must be engaged in such activities for at least last 3 years and have a good track record.
3. c) The applicant organisation should have regular audited accounts for the past 3 years.
4. d) Events, for which financial support under the Scheme is sought, must have significant international participation.

Application Procedure

Applications for seeking financial assistance, in the proforma prescribed by the Ministry, may be submitted to the Director (International Cooperation), Ministry of MSME, Udyog Bhavan, New Delhi. The applications for the proposed event must be accompanied with the budget estimate and other relevant documents, as prescribed by the Ministry.  

Website

For online application visit at: http://msme.gov.in/IC/PublicForm/Login.aspx

For more information on procedure: http://msme.gov.in/Web/Portal/ICAP.aspx