Banking Issues

Guidelines of International Cooperation Scheme 1. INTRODUCTION

Technology infusion and/or upgradation of Indian micro, small and medium enterprises (MSMEs), their modernisation and promotion of their exports are the principal objectives of assistance under the International Cooperation Scheme. The Scheme would cover the following activities: (i) 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. (ii) 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. (iii) Holding international conferences and seminars on topics and themes of interest to the MSME. 2. ELIGIBLE ORGANISATIONS Besides the Ministry of MSME, events under the Scheme can be organised by: (a) (b) (c) 3. State/Central Government Organisations; Industry/Enterprise Associations; and Registered Societies/Trusts and Organisations associated with the MSME.

ELIGIBILITY CONDITIONS The eligibility conditions for financial assistance under the Scheme are: (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. The organisation must be engaged in such activities for at least last 3 years and have a good track record. The organisation should have regular audited accounts for the past 3 years. Events, for which financial support under the Scheme is sought, must have significant international participation.

(b) (c) (d)

4.

OTHER CONDITIONS 1

(a)

(b)

(c) (d) (e) (f) (g)

(h)

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...