Under the International Cooperation Scheme, 10,058 MSMEs in 2022-23 and 4,032 MSMEs during 2023-24 – up to December 13, 2023 – have provided financial incentives.
The MSME ministry said the International Cooperation Scheme’ is under which, financial assistance is provided to Micro, Small and Medium Enterprises (MSMEs) to promote export from them, and is active on the district levels.
At the district-level, government has taken measures to promote exports under the District Export Hub Initiative that includes identification of products and services with export potential in all the districts of the country, in consultation with all stakeholders including the States/UTs.
Government has also come up with the District Export Action Plans detailing the existing bottlenecks in the supply chain and identifying possible interventions to mitigate the existing gaps are being prepared for all the districts.
These outline the support required by the local exporters and manufacturers in producing/ manufacturing identified products in adequate quantity and with requisite quality and branding, for reaching potential buyers outside India.
Financial incentives under International Cooperation Scheme
Union Minister of State for MSME, Bhanu Pratap Singh Verma, in a written reply in the Rajya Sabha, shared information about the financial incentives under International Cooperation Scheme.
For the Registration-cum-Membership Certificate (RCMC) charges/fee paid by the first-time exporter to related Export Promotion Councils, 75% of the cost paid subject to a maximum of Rs 20,000 or actual, whichever is lower subject to quarterly reporting by EPCs as per prescribed format.
Minister also told that for the Export Insurance Premium paid to Export Credit Guarantee Corporation (ECGC) under the ECGC’s Small Exporter Policy, the maximum reimbursement in a financial year of Rs 10,000 or actual is paid, whichever is lower subject to quarterly reporting by ECGC as per prescribed format.
Also, 75% of the testing and quality certification with a ceiling of Rs 1 Lakh or actual, whichever is lower, the fee has been paid on Testing & Quality Certification acquired by MSEs to Export Products.
