Minister informed Lok Sabha on export of small products by MSMEs
NEW DELHI: MSME sector has a significant contribution in GDP, employment generation, manufacturing output, and exports in the country. The sector is manufacturing a large variety of products including small products.
To augment the export from MSME sector, Ministry of MSME is implementing the International Cooperation (IC) Scheme under which financial assistance is provided on reimbursement basis to the eligible Central/State Government organizations and Industry Associations to facilitate/participation of MSMEs in international exhibitions, fairs and buyer-seller meets held abroad and for organizing international conference, seminar and workshops in India with the aim of technology upgradation, modernization, joint venture etc.
Further, under the new component of IC Scheme namely Capacity Building of First Time Exporters (CBFTE) launched in June 2022, reimbursement is provided to new micro & small enterprises (MSE) exporters for costs incurred on Registration-cum-Membership Certification (RCMC) with EPCS, Export Insurance Premium and testing & quality certification for exports.
Ministry of MSME has established 60 Export Facilitation Centers (EFCs) across the country with an aim to provide requisite mentoring and handholding support to MSES.
Central Government supplements the efforts of the State/UT Government through various schemes, programmes and policy initiatives for overall development and promotion of micro, small and medium enterprises (MSME).
These schemes/programmes include MSME Champions Scheme, Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), Prime Minister's Employment Generation Programme (PMEGP), Micro and Small Enterprises - Cluster Development Programme (MSE CDP), Raising and Accelerating MSME Performance (RAMP) etc.
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