About
The
International Cooperation (IC) Scheme
is designed to enhance the global competitiveness of Micro, Small, and Medium
Enterprises (MSMEs) by enabling their participation in international trade
activities. It helps MSMEs engage with the export market through support for
attending international exhibitions, fairs, conferences, and buyer-seller
meets. The scheme also provides access to market intelligence and reimburses
various export-related expenses.
·
Scheme Benefits:
The
scheme offers financial support for MSMEs to attend international trade events,
and buyer-seller meets in foreign countries:
The applicant organization should be suitably registered under the relevant Act (i.e., companies under the Companies Act, Societies under the Societies Act, etc.) with the primary objective of promotion and development of MSMEs.
Events, for which financial support under the Scheme is sought, must be from the list of approved exhibitions/ events/ buyer-seller meets finalized by the Ministry of MSME in each financial year.
Financial assistance to one applicant organization would normally be restricted to three events in a financial year. The Screening Committee may, however, recommend a relaxation of this condition for reasons to be recorded and allot more than 3 events.
The Industry Associations/organizations are allowed to participate in a particular event continuously for 3 years. After participating in the particular event continuously for 3 years, they will be eligible to participate in the same event after a gap of 2 Years.
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 the proforma online giving full details of expenditure. To apply under the scheme, the applicant organization needs to visit the official website/portal. (https://ic.msme.gov.in/IC_APP/IC_Welcome.aspx)
On the home page, select “Market Development Assistance” to login 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.
After successful registration, the applicant organization can login with valid credentials. After login, the user will be redirected to their Dashboard where multiple action has to be done.
