MSME implemented International Cooperation Scheme

Sep 15, 2021 | by Avantis RegTech Legal Research Team

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Commercial Compliance

The Ministry, Small and Medium Enterprises (MSME) on September 13, 2021 has implemented International Cooperation Scheme. The objective is to provide them international marketing opportunities to MSMEs as well as to integrate them to global value chains. Financial assistance is provided to eligible/State/Central Government Organization, registered industries association and Societies/Trusts involved in promotion and development of MSME sectors. 

The IC Scheme has three subcomponents namely 

(i) Market Development Assistance of MSMEs (MDA), 

(ii) Capacity Building of First time MSE Exporters (FTE)

(iii) Framework for International Market Intelligence Dissemination (IMID).

Further, Market Development Assistance (MDA) Sub-Component, financial assistance is provided for participation in International Exhibitions/Trade Fairs abroad and also for organizing International Conferences/Seminars/ Workshops/Summits in India and abroad. 

The Revised Scheme guidelines dated August 19, 2021 invited the proposal from all eligible organizations under the MDA Sub-Component of the IC Scheme at https://ic.msme.gov.in. The application process under the MDA Sub-Component has been fully digitized and all eligible organizations can now submit their proposals under the Scheme online at https://ic.msme.gov.in.

[Notification No- 4(2)12021-IC]

 


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