Important Facts For Prelims
International Cooperation Scheme
- 12 Jul 2019
- 1 min read
The Ministry of Micro, Small and Medium Enterprises (MSME) is implementing International Cooperation (IC) Scheme with the objective of enhancing the competency of MSMEs, capturing new markets for their products, exploring new technologies for improving manufacturing capacity, etc.
- The Scheme was started during the Ninth Five Year Plan (under implementation since 1996).
- The latest guidelines related to the scheme were released in the year 2018.
- It is a demand driven scheme under which financial assistance is provided on a reimbursement basis to the eligible State /Central Government Organisations and Registered Industry Associations, societies /trusts associated with promotion and development of MSME sector.
- As per the existing guidelines, the eligible organizations are facilitated for visit /participation of MSMEs in international exhibitions /trade fairs/buyer-seller meet etc. abroad and also holding International conferences/seminars/ workshops in India, for technology infusion, exploring business opportunities, joint ventures etc.