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Banking Issues Essay

4075 words - 17 pages

Guidelines of International Cooperation Scheme 1. INTRODUCTION

Technology infusion and/or upgradation of Indian micro, small and medium enterprises (MSMEs), their modernisation and promotion of their exports are the principal objectives of assistance under the International Cooperation Scheme. The Scheme would cover the following activities: (i) Deputation of MSME business delegations to other countries for exploring new areas of technology infusion/upgradation, facilitating joint ventures, improving market of MSMEs products, foreign collaborations, etc. (ii) Participation by Indian MSMEs in international exhibitions, trade fairs and buyer-seller meets in foreign countries as well as in ...view middle of the document...

The Screening Committee may, however, recommend relaxation of this condition for reasons to be recorded. The quantum of assistance shall only be supplemental in nature to the contribution of organiser. The financial assistance under the scheme shall not be a source of profit or earning for the applicant organisation and shall be subject to a maximum of deficit incurred by the organisation in participating in/organising the event. All publicity material/ banners relating to the event should indicate the support of the Ministry. Wherever appropriate, the Ministry may nominate its representative(s) from Ministry or any of its organisations, as its nominee(s) in the delegation. The organisation should not have any pending bills / reports / documents for submission to the Ministry relating to any earlier event. Performance of the organisation in the past events, if any, should be satisfactory. In the events where more than one organisation of the Ministry and / or agencies sponsored under the scheme(s) of the Ministry are participating, as far as possible, one of the organisation of the Ministry would act as lead organisation to coordinate the joint participation. In order to make representation in such events more inclusive and equitable, following guidelines must be followed: (i) Adequate representation would be given to SC/ST/Minority/Women entrepreneurs in such events, subject to condition that the best products would be showcased. (ii) While selecting entrepreneurs as well as representative(s) of the participating organisation, priority should be given to persons who have not participated in such events earlier.

5. 5.1

ASSISTANCE UNDER THE SCHEME Budget Estimate of the event

The applicant organisation will submit an application for assistance in the prescribed proforma along with the relevant documents and the budget estimate of the expenditure on the proposed event in the prescribed proforma, giving full details of all sources/items of funding and expenditure. The admissible financial assistance would be worked out on the basis of this budget estimate and in accordance with the criteria/scale mentioned in paragraph 5.2. 5.2 Scales of Assistance and Eligible Items of Expenditure

Items of expenditure for which assistance may be considered under the scheme are specified below: 5.2.1 Deputation of MSME Business Delegations to foreign countries Assistance would be provided under the scheme to the eligible organisations for deputation of MSME delegations to foreign countries, with the objectives of exploring new areas of technology infusion/upgradation, facilitating joint ventures, improving market of MSMEs 2

products, foreign collaborations, etc. The eligible items for deputation of MSME delegations and the scale of assistance would be as under: Sr. No. (a) Air fare Eligible Items Scale of Assistance For General Category Entrepreneurs:  Micro Enterprises: 85% of the economy class return fare (for one representative from each...

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