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International Cooperation Scheme- Capacity Building of First Time MSE Exporters

The scheme “International Cooperation Scheme” was launched by the MSME, Govt. of India with the aim to capacity build MSMEs for entering export market by providing reimbursement of various costs incurred by first time MSE exporters on export shipments.

Ministry / Department
Ministry Of Micro, Small and Medium Enterprises
Level
Central
Benefit type
cash
Last verified: Recently

What is International Cooperation Scheme- Capacity Building of First Time MSE Exporters?

The scheme “International Cooperation Scheme” was launched by the MSME, Govt. of India with the aim to capacity build MSMEs for entering export market by providing reimbursement of various costs incurred by first time MSE exporters on export shipments.

Benefit
> **Scale of Assistance and Eligible Items of Expenditure:** Financial assistance towards costs incurred by first-time MSE Exporters on export shipments:- Registration-cum-Membership Certificate (RCMC) charges/fee paid by the first-time exporter to relate EPCs 75% of the cost paid subject to a maximum of ₹20,000/- or actual, whichever is lower subject to quarterly reporting by EPCs as per prescribed format. Export Insurance Premium paid to Export Credit Guarantee Corporation Ltd. (ECGC) under the ECGC's Small Exporter's PolicyMaximum financial assistance in a financial year of ₹10,000/- or actual, whichever is lower subject to quarterly reporting by ECGC Ltd. as per prescribed formatFee paid on Testing & Quality Certification acquired by MSEs to Export Products (Note: Ministry of MSME shall share the list of beneficiaries who have availed the financial assistance under this sub-component, with MAI Division, Department of Commerce, on quarterly basis)75% of the testing and quality certification with a ceiling of ₹1.00 Lakh or actual, whichever is lower, subject to the following conditions: 1. Financial assistance is allowed for a maximum of 3 certificates per financial year with a ceiling of ₹1.00 Lakh per MSE unit. 2. Certificate, for which financial assistance is requested, should be attained within the same financial year.
Level
Central
Ministry / Dept.
Ministry Of Micro, Small and Medium Enterprises
Benefit type
cash
Key eligibility
1. The Micro and Small Enterprises with valid Udyam Registration are eligible to apply under the scheme. 1. To claim the benefits under the scheme, the applicant's Importer Exporter Code (IEC) must not be older than 3 years on the date of export shipment.
Last verified
Recently

Benefits

> **Scale of Assistance and Eligible Items of Expenditure:** Financial assistance towards costs incurred by first-time MSE Exporters on export shipments:- Registration-cum-Membership Certificate (RCMC) charges/fee paid by the first-time exporter to relate EPCs 75% of the cost paid subject to a maximum of ₹20,000/- or actual, whichever is lower subject to quarterly reporting by EPCs as per prescribed format. Export Insurance Premium paid to Export Credit Guarantee Corporation Ltd. (ECGC) under the ECGC's Small Exporter's PolicyMaximum financial assistance in a financial year of ₹10,000/- or actual, whichever is lower subject to quarterly reporting by ECGC Ltd. as per prescribed formatFee paid on Testing & Quality Certification acquired by MSEs to Export Products (Note: Ministry of MSME shall share the list of beneficiaries who have availed the financial assistance under this sub-component, with MAI Division, Department of Commerce, on quarterly basis)75% of the testing and quality certification with a ceiling of ₹1.00 Lakh or actual, whichever is lower, subject to the following conditions: 1. Financial assistance is allowed for a maximum of 3 certificates per financial year with a ceiling of ₹1.00 Lakh per MSE unit. 2. Certificate, for which financial assistance is requested, should be attained within the same financial year.

Eligibility

1. The Micro and Small Enterprises with valid Udyam Registration are eligible to apply under the scheme. 1. To claim the benefits under the scheme, the applicant's Importer Exporter Code (IEC) must not be older than 3 years on the date of export shipment.Area: IndiaBenefit: cash

Documents Required

    How to Apply

    1. Step 1: Online application — step 1

      Step 01: The applicant Organisation will submit an online application for financial assistance, along with the relevant documents in the proforma (prescribed on the IC Scheme portal: https://ic.msme.gov.in ) giving full details of expenditure. Step 02: To apply under the scheme, the applicant organization needs to visit the official website/portal. ( https://ic.msme.gov.in/IC_APP/IC_Welcome.aspx ) Step 03: On the home page, select the “Capacity Building of First Time MSE Exporters” to Login, if Already Registered. If the applicant Organization is a new user, click on “New User Register Here” to register under the scheme by selecting the type of Organization. Step 04: After successful registration, the applicant organization can login with valid credentials. After login, the user will be redirected to their Dashboard where multiple action has to be done. Note: The admissible financial assistance would be worked out in accordance with the criteria/scale. Process of seeking financial assistance under the Scheme: RCMC certificate: Ministry of MSME to sign MoU with EPCs. These EPCs will then be eligible to apply for financial assistance under the IC scheme. They will be required to apply for financial assistance claims on behalf of MSEs along with all prescribed documents on the IC Scheme portal. Export Insurance Premium: Export Credit Guarantee Corporation (ECGC) Ltd. provides insurance to Exporters. The Ministry of MSME will sign a MoU with ECGC Ltd. and claims for financial assistance for the first-time MSE exporters will be released from the IC Scheme to ECGC upon receipt of the application on the updated portal of the IC Scheme. Testing and Quality Certification: The Ministry of MSME to sign an MoU with National Small Industries Corporation Ltd. Financial assistance on certifications defined under the scheme will be released to NSIC Ltd. for further dissemination of funds to eligible MSEs.

    Sources & References

    Ready to apply?

    Applications are accepted only on the official government portal.

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