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TOG NEWS

Govt launches scheme to promote MSME products
By TOG News Service
Jul 11, 2019

TOG NEWS SERVICE, NEW DELHI, JULY 11, 2019: THE Union Minister for MSMEs, Mr Nitin Gadkari, today in Parliament stated that the Ministry of Micro, Small and Medium Enterprises (MSME) is implementing International Cooperation (IC) Scheme with the objective of enhancing the competency of MSMEs, capturing new markets for their products & exploring new technologies for improving manufacturing capacity. Financial assistance is provided under the Scheme on reimbursement basis to the eligible State /Central Government Organisations, Registered Industry Associations and Societies/Trusts associated with the promotion and development of MSME sector to visit/participate in international exhibitions /trade fairs/buyer-seller meet etc. abroad and also for holding International conferences/seminars/workshops in India which are in the interest of MSME sector. The guidelines of the scheme notified on June 05, 2018 are available on the website of the Ministry (www.msme.gov.in ).

Financial year

No. of MSMEs benefitted

Amount disbursed to MSMEs

(Rs. in crore)

2016-17

1102

4.98

2017-18

723

4.08

2018-19

590

4.80

The Scheme supports MSMEs by way of participation in international events for exploring export opportunities, access to international business networks, technology upgradation/modernization, improved competitiveness, awareness of better manufacturing practices.

The details of MSME benefitted during the last three years are as tabluated -