msme.gov.in International Cooperation Financial Assistance Scheme : Ministry of Micro Small & Medium Enterprises

Organization : Ministry of Micro Small & Medium Enterprises
Name of Scheme : International Cooperation Financial Assistance Scheme
Country : India

Website : https://msme.gov.in/
Apply Online : https://msme.gov.in/
Scheme Guidelines:  https://www.statusin.in/uploads/8834-ICSchemeGuidelines.pdf

International Cooperation Financial Assistance Scheme :

The Scheme would cover the following activities :
(a) 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, etc.

Related : MSME Scheme of Fund for Regeneration of Traditional Industries SFURTI : www.statusin.in/22022.html

(b) Participation by Indian MSMEs in international exhibitions, trade fairs and buyer-seller meets in foreign countries as well as in India, in which there is international participation.
(c) Holding international conferences and seminars on topics and themes of interest to the MSME.

Nature of assistance :
IC Scheme provides financial assistance of up to 95% of the airfare and space rent of entrepreneurs. Assistance is provided on the basis of size and the type of the enterprise. It also provides assistance for common expenses of the delegation like freight & insurance, local transport, secretarial/communication services, printing of common catalogue etc.

Eligibility Criteria :
Eligible Organisations :
a) State/Central Government Organisations;
b) Industry/Enterprise Associations; and
c) Registered Societies/Trusts and Organisations associated with the MSME.

Eligibility Conditions :
a) The organisation 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.
b) The organisation must be engaged in such activities for at least last 3 years and have a good track record.
c) The organisation should have regular audited accounts for the past 3 years.
d) Events, for which financial support under the Scheme is sought, must have significant international participation.
e) Financial assistance to one organisation would normally be restricted to two events in a financial year.
f) The organisation should not have any pending bills / reports / documents for submission to the Ministry relating to any earlier event.

Other Conditions :
(a) Financial assistance to one organisation would normally be restricted to two events in a financial year. The Screening Committee may, however, recommend relaxation of this condition for reasons to be recorded.

(b) The quantum of assistance shall only be supplemental in nature to the contribution of organiser. The financial assistance under the scheme shall not be a source of profit or earning for the applicant organisation and shall be subject to a maximum of deficit incurred by the organisation in participating in/organising the event.

(c) All publicity material/ banners relating to the event should indicate the support of the Ministry.
(d) Wherever appropriate, the Ministry may nominate its representative(s) from Ministry or any of its organisations, as its nominee(s) in the delegation.

(e) The organisation should not have any pending bills / reports / documents for submission to the Ministry relating to any earlier event.
(f) Performance of the organisation in the past events, if any, should be satisfactory.

(g) In the events where more than one organisation of the Ministry and / or agencies sponsored under the scheme(s) of the Ministry are participating, as far as possible, one of the organisation of the Ministry would act as lead organisation to coordinate the joint participation.

(h) In order to make representation in such events more inclusive and equitable, following guidelines must be followed :
(i) Adequate representation would be given to SC/ST/Minority/Women entrepreneurs in such events, subject to condition that the best products would be showcased.

(ii) While selecting entrepreneurs as well as representative(s) of the participating organisation, priority should be given to persons who have not participated in such events earlier.

Application Procedure :
Click on Apply Online button above to apply online. or Applications for seeking financial assistance, in the prescribed proforma (Annexure I of Scheme Guidelines), 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 relevant documents, as prescribed.