SME Times News Bureau | 24 Mar, 2022
To
encourage international cooperation between various countries and the
MSMEs in the country, Ministry of Micro, Small and Medium
Enterprises(MSME) is implementing International Cooperation Scheme, said Minister of State for Micro Small and Medium Enterprises, Bhanu Pratap Singh Verma
The scheme is in operation since its inception in
1996.
The Scheme facilitates Indian MSMEs for their participation in
international exhibitions, trade fairs, buyer seller meet and for
holding international conferences and seminars which are in the interest
of MSME sectors.
The purpose of this scheme is enhancing the
competency of MSMEs, capturing new markets for their products, exploring
& enhancing exports, exploring new technologies for increasing
manufacturing capacity, generation of employment etc.
As per scheme
guidelines, financial assistance is provided on reimbursement basis to
the State/Central Government organizations, industries/enterprises
Associations and registered societies/trusts and organizations
associated with promotion and development of MSME sector.
In
regard to Gap Analysis, Handholding, Consultancy, etc., component under
the scheme was not initiated during FY 2016-17 & 2017-18 under the
erstwhile ZED Scheme. Further, the erstwhile ZED Scheme has been renamed
as “MSME Sustainable (ZED)”, and its guidelines is under approval
stage.