International Cooperation Scheme- Market Development Assistance
in Karnataka
Last updated:
International Cooperation Scheme- Market Development Assistance in Karnataka
International Cooperation Scheme- Market Development Assistance is a government scheme available to eligible residents of Karnataka.
Apply for International Cooperation Scheme- Market Development Assistance in Karnataka
Scheme Overview
The scheme “International Cooperation Scheme” was launched by the MSME, Govt. of India with the aim to capacity build MSMEs for entering the export market by facilitating their participation in international exhibitions/fairs/conferences/seminars/buyer-seller meets abroad.
Eligibility Criteria
> **Eligible Organisations:**
**Events under the scheme can be organized by:**
a) Ministry of MSME and organizations under the Ministry;
b) State/Central Government Organisations/Institutions; and
c) Registered Industry/Enterprise Associations
> **Conditions:**
The applicant organization should be suitably registered under the relevant Act (i.e., companies under the Companies Act, Societies under the Societies Act, etc.) with the primary objective of promotion and development of MSMEs.
The applicant organization should have regular audited accounts for the past 3 years.
Events, for which financial support under the Scheme is sought, must be from the list of approved exhibitions/ events/ buyer-seller meets finalized by the Ministry of MSME in each financial year.
Financial assistance to one applicant organization would normally be restricted to three events in a financial year. The Screening Committee may, however, recommend a relaxation of this condition for reasons to be recorded and allot more than 3 events.
The quantum of assistance shall only be supplemental in nature to the contribution of the organizer.
The Industry Associations/organizations are allowed to participate in a particular event continuously for 3 years. After participating in the particular event continuously for 3 years, they will be eligible to participate in the same event after a gap of 2 Years.
Selection of the participating units shall be based on the eligibility scorecard prescribed under the scheme (Annexure C) and in no case an MSME unit scoring less than 60 percent marks will be eligible for availing the benefits under the scheme. The applicant organization must satisfy itself in this regard before proposing the name of the MSME unit in the delegation and any discrepancy, if noticed later, shall be the sole responsibility of the applicant organization.
While selecting entrepreneurs/participants, the applicant organization should ensure that one MSME unit must not participate in more than 2 events in a financial year under the scheme.
The applicant organization should also ensure that the selection is done in a fair and transparent manner, taking into consideration factors like the track record, growth potential, export potential, etc.
In order to make representation in such events more inclusive and equitable, the following guidelines must be followed:
- Adequate representation would be given to SC/ST/Women/NER entrepreneurs in such events.
- While selecting entrepreneurs as well as representative(s) of the participating units, priority should be given to persons who have not participated in such events earlier with a Government grant.
Benefits
Under this scheme component, financial assistance is provided on a reimbursement basis for airfare, Space Rent (Stall Charges), Duty allowance, Freight charges, advertisement & publicity charges, entry/registration fees, holding/organizing International conferences/ summits/ workshops/ seminars, etc.
Required Documents
| # | Document |
|---|---|
| 1 | Budget estimate |
| 2 | Copy of the Registration Certificate of the applicant organization (one-time requirement) |
| 3 | Copy of Memorandum and Articles of Association (one-time requirement) |
| 4 | Copies of Audited Balance Sheet, Profit & Loss Account or Income and expenditure Account of the applicant organization for the last 03 years |
| 5 | The second and final installment would be contingent upon the submission of the outcome report (as prescribed under the IC Scheme portal), Utilisation Certificate, and Chartered Accountant (CA) certified audit account statements including inter alia sourc |
| 6 | A Certificate declaring that financial assistance has not been sought from another Ministry/Department is to be submitted. |
| 7 | Udyam Registration Certificate of all participating MSME units to be submitted. |
| 8 | The applicant organization must maintain with them all documents. These records as well as other documents connected with the release of the financial assistance from the Ministry must be maintained till a CAG Audit is conducted. |
| 9 | Any other document(s) as sought by the Ministry of MSME. |
| 10 | Claim Form Duly filled and a copy certified by Chartered Accountant to be uploaded. |
| 11 | List of participants along with score card (Annexure-A). |
| 12 | Mandate Form duly filled up by Applicant Organization and verified by the concerned Bank (Annexure-B) |
| 13 | Pre-receipt (Annexure-C). |
| 14 | Certification from the association declaring that they have not sought financial assistance from another Ministry/Department for the claim submitted under the IC scheme. (Annexure-D) |
| 15 | Udyam Registration Certificate of all participating MSME units |
| 16 | Copy of the e-ticket complete in all respects with fare information on the e-ticket for air travel (For Physical Events) |
| 17 | Original Boarding Pass [In case of multiple Boarding Passes, provisions of the Original Boarding pass of the destination city (host city of the event under consideration) is a must. In case of non-availability of original boarding pass for reasons to be c |
| 18 | Original Invoice along with receipt of Payment (original) for claiming stall charges, freight charges, advertisement and publicity charges, entry/registration fees, platform charges, Interpretation charges, etc. |
| 19 | Any other document(s) as sought by the Ministry of MSME |
| 20 | All documents should be self-attested/certified with a seal by the applicant organization. |
How to Apply in Karnataka
Procedure for Approval of Proposals Furnished by Coir Board and KVIC:
Online Procedure for Approval of Proposals Furnished by Coir Board and KVIC:
Common questions in Karnataka
Who can apply for International Cooperation Scheme- Market Development Assistance in Karnataka?
Eligible residents of Karnataka who meet the scheme’s overall criteria can apply for International Cooperation Scheme- Market Development Assistance. Refer to the eligibility section above for the complete checklist.
What documents are required for International Cooperation Scheme- Market Development Assistance in Karnataka?
Applicants in Karnataka typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
The scheme aims to build the Capacity of MSMEs for entering the export market by facilitating their participation in international exhibitions/ fairs/conferences/seminars/ buyer-seller meets abroad as well as providing them with actionable market intelligence and reimbursement of various costs involved in the export of goods and services.