Central GovernmentVerified

International Cooperation Scheme: Market Development Assistance

Ministry: Ministry Of Micro, Small and Medium Enterprises

The scheme “International Cooperation Scheme” was launched by the MSME, Govt. of India with the aim to capacity build MSMEs for entering the export market by facilitating their participation in international exhibitions/fairs/conferences/seminars/buyer-seller meets abroad.

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About This Scheme

The sub-scheme "Market Development Assistance" under the “International Cooperation Scheme” was launched by the Ministry of Micro, Small and Medium Enterprises, Government of India with the aim to capacity build MSMEs for entering the export market by facilitating their participation in international exhibitions/fairs/conferences/seminars/buyer-seller meets abroad as well as providing them with actionable market-intelligence and reimbursement of various costs involved in the export of goods and services. The Scheme provides opportunities for MSMEs to continuously update themselves to meet the challenges emerging out of changes in technology, changes in demand, the emergence of new markets, etc. Thus, in totality, all components of the scheme aimed at various aspects required to advance MSMEs' position as emerging export players. Under this component, the following activities are covered: Physical Medium: 1. Participation (as exhibitors) of MSME delegations of industry associations and government organizations, involved in the promotion of MSMEs, in international exhibitions, trade fairs and buyer-seller meets in foreign countries for exploring potential markets for exports, seeking joint ventures, awareness about latest technologies, etc. 1. Organizing international conferences/summits/workshops/seminars in India on themes relevant to MSMEs by the Industry Associations and Government organizations. 1. Organizing Mega international exhibitions/fairs/buyer-seller meets, conferences/summits/ workshops/ seminars abroad by the Ministry of MSME, its organizations solely or in partnership with industry associations for the promotion of the MSME sector. 1. Organizing Mega international conferences/ summits/ workshops/ seminars, bilateral/multilateral Government to Government Events in India by the Ministry of MSME, its organizations solely or in partnership with industry associations for promotion of the MSME sector. 1. Participation of Ministry-led Industrial delegations to International Exhibitions/Fairs/Conferences in foreign countries. Virtual Medium: 1. Participation (as exhibitors) of MSME delegations of industry associations and government organizations, involved in the promotion of MSMEs, in international exhibitions, trade fairs and buyer-seller meets by foreign organizers for exploring potential markets for exports, seeking joint ventures, awareness about latest technologies, etc. 1. Organizing international conferences/ summits/ workshops/ seminars on themes relevant to MSMEs by the Industry Associations and Government organizations. 1. Organizing Mega international exhibitions/fairs/buyer-seller meets, conferences/summits/seminars/ workshops, bilateral/multilateral Government to Government Events by Ministry of MSME, its organizations solely or in partnership with industry associations for promotion of MSME sectors.

Benefits

Financial Assistance for Participation & Promotion: Reimbursement-based financial support for airfare, stall charges, duty allowance, freight, advertisement and publicity, entry/registration fees, and expenses for organizing or participating in international conferences, summits, workshops, and seminars.

Eligibility

Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.

Required Documents

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Documents required at the time of submission of application on the IC scheme portal:
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Budget estimate
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Copy of the Registration Certificate of the applicant organization (one-time requirement)
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Copy of Memorandum and Articles of Association (one-time requirement)
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Copies of Audited Balance Sheet, Profit & Loss Account or Income and expenditure Account of the applicant organization for the last 03 years
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Documents required for the settlement of claims for EPCs under the Foreign Trade Policy (FTP) of the Department of Commerce and organizations under the Ministry of MSME, are to be physically submitted to the IC Section, M/o MSME, and uploaded on the IC Scheme Portal.
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The second and final installment would be contingent upon the submission of the outcome report (as prescribed under the IC Scheme portal), Utilisation Certificate, and Chartered Accountant (CA) certified audit account statements including inter alia sources of funding) within 60 days from the date of completion of the event/activity
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A Certificate declaring that financial assistance has not been sought from another Ministry/Department is to be submitted.
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Udyam Registration Certificate of all participating MSME units to be submitted.
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The applicant organization must maintain with them all documents. These records as well as other documents connected with the release of the financial assistance from the Ministry must be maintained till a CAG Audit is conducted.
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Any other document(s) as sought by the Ministry of MSME.
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Documents required to be uploaded at the time of submission of claims on IC Scheme Portal for organisations not having EPC status:
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Claim Form Duly filled and a copy certified by Chartered Accountant to be uploaded.
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List of participants along with score card ([Annexure-A](https://ic.msme.gov.in/IC_APP/WriteReadData/GuideLine/Revised_IC_Scheme_2324.pdf)). 1. Mandate Form duly filled up by Applicant Organization and verified by the concerned Bank ([Annexure-B](https://ic.msme.gov.in/IC_APP/WriteReadData/GuideLine/Revised_IC_Scheme_2324.pdf)) 1. Pre-receipt ([Annexure-C](https://ic.msme.gov.in/IC_APP/WriteReadData/GuideLine/Revised_IC_Scheme_2324.pdf)). 1. Certification from the association declaring tha
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Copy of the e-ticket complete in all respects with fare information on the e-ticket for air travel (For Physical Events)
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Original Boarding Pass [In case of multiple Boarding Passes, provisions of the Original Boarding pass of the destination city (host city of the event under consideration) is a must. In case of non-availability of original boarding pass for reasons to be conveyed in writing, a certificate from the airlines stating that the journey has been undertaken will be acceptable] (For Physical Event)
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Original Invoice along with receipt of Payment (original) for claiming stall charges, freight charges, advertisement and publicity charges, entry/registration fees, platform charges, Interpretation charges, etc.
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Any other document(s) as sought by the Ministry of MSME
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All documents should be self-attested/certified with a seal by the applicant organization.
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(All the above documents are to be submitted in original to the IC Section physically)

✦ Required ◦ Optional

How to Apply

OOnline

Application Process:

Step 1: The applicant organization will submit an online application for financial assistance, along with the relevant documents and the budget estimate of the expenditure on the proposed event in a proforma providing full details of expenditure.

Step 2: To apply under the scheme, the applicant organization needs to visit the official website.

Step 3: On the home page, select “Market Development Assistance” to log in who have already registered. If the applicant Organization is a new user, click on “New User Register Here” to register under the scheme by selecting the type of Organization.

Step 4: After successful registration, the applicant organization can log in with valid credentials. After login, the user will be redirected to their Dashboard where multiple actions have to be done.

Note:

The admissible financial assistance would be worked out on the basis of this budget estimate and in accordance with the criteria/scale and further at the discretion of the Screening Committee.

Procedure for Approval of Proposals Furnished by Coir Board and KVIC:

Coir Board/KVIC will mobilize the MSME units and submit the consolidated proposal in the prescribed format on the IC Scheme Portal of the Ministry for seeking in-principle approval of the Screening Committee. As for the claim for reimbursement, Coir Board/KVIC will meet all expenditures from their own budget allocated for this purpose.

Selection of the MSME units participating in the International Fairs/ Exhibitions abroad by Industry Associations/ Government Organizations:

There shall be a "Score Card" for the selection of the MSME units participating in the International Fairs/ Exhibitions abroad. The Industry Associations/Organizations etc., will furnish the Score Card, duly filled up, along with the application and also give a self-undertaking to the effect that the information furnished in the Score Card is correct and nothing has been concealed. The minimum qualifying score/points should be 60% of the Score Card. The applicant organization must satisfy itself in this regard before proposing the name of the MSME unit in the delegation and any discrepancy, if noticed later, shall be the sole responsibility of the applicant organization.
Claim will be accepted only in respect of those MSME Units whose names have been submitted by the Industry Associations/Government Institutions in the list submitted along with the application form.

Quick Info

Level: Central Government