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Press Information Bureau
Government of India
Ministry of Micro,Small & Medium Enterprises
08-December-2011 17:23 IST
Fund for Delegation Visits
GOVERNMENT OF INDIA

 

Financial assistance is provided on reimbursement basis under the International Cooperation (IC) Scheme of this Ministry to registered Societies, Industry /Enterprise Associations, State /Central Government Organisations, Trusts and Organisations associated with the Micro, Small and Medium Enterprises (MSMEs) for 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. Such business delegations are quite beneficial for MSMEs as it helps them in exploration of export markets for Indian MSMEs, increasing access to international business networks, technology upgradation/modernization, improved competitiveness, awareness of better manufacturing practices etc.

Year-wise details of funds utilized by the Government under IC Scheme during the last three years and current year (upto 31.10.2011) are as under: 

 

Year

Amount utilized

(Rs. in lakh)

2008-09

175.00

2009-10

200.00

2010-11

399.42

2011-12

(upto 31.10.2011)

101.04

 

 

This information was given by the Union Cabinet Minister for Micro, Small and Medium Enterprises, Shri Virbhadra Singh in a written reply to a question in the Lok Sabha today.

 

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