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Last updated: 04 Jul, 2019  

msme-THMB-2010.jpg Encouraging SMEs in international market: Ministry

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SME Times News Bureau | 04 Jul, 2019

Ministry of MSME is implementing Scheme of Fund for Regeneration of Traditional Industries (SFURTI) for making traditional industries more productive and competitive by organizing the traditional industries and artisans into clusters, said MSME ministry release on Thursday.

The Scheme envisages providing need-based assistance for replacement of production equipment, setting up of common facility centres (CFC), product development, quality improvement, improved marketing, training and capacity building etc, it added,

Further, Coir Vikas Yojana is being implemented by Coir Board to cater to the multiple developmental needs of coir industry. 

Interventions under ‘Export Market Promotion’ component of the Scheme, includes participation in international exhibitions, organisation of product and catalogue shows/publicity abroad, providing assistance under Export Market Development Assistance Scheme etc. with the objective of encouraging the small scale exporters to enter global market and to expand the export of Indian coir products.

Under this scheme, the eligible entrepreneurs will get reimbursement of space rent, air fare, freight charges, etc. for participation in international exhibitions/buyer seller meets as per the eligibility conditions and scale of assistance prescribed in the scheme.

In addition, Coconut Development Board (CDB) under the Ministry of Agriculture & Farmers Welfare is encouraging the entrepreneurs at all levels in the country including the State of Assam for production of quality products from coconut thereby creating avenues for market development in the domestic market and in international trade. 

Ministry of Commerce has notified Coconut Development Board as an Export Promotion Council for all coconut products other than those made from coconut husk and fiber on 1.4.2009 vide Public Notice No.169 (RE-2008)/2004-2009.A total of 3854 exporters of coconut products have registered with the CDB.  The export of coconut and its value added products during 2018-19 was to the tune of Rs.2045.36 crore.

The restructured National Bamboo Mission (NBM) has been launched in April, 2018 by Ministry of Agriculture & Farmers Welfare. Budget Estimated for the year 2019-20 is Rs. 150.00 crores.

It focuses on the development of complete value chain of bamboo sector to link growers with consumers starting from planting material, plantation, creation of facilities for collection, aggregation, processing marketing, micro, small & medium enterprises, skill development and brand building initiative in a cluster approach mode. 

National Bamboo Mission under the Ministry of Agriculture & Farmers Welfare supports only those interventions which are covered under the Operational Guidelines for NBM which are given below   Ministry of MSME does not support any such event.

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