Market Development Assistance Scheme
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What is Market Development Assistance?
Market Development Assistance (MDA) is a government grant available to exporters for their export promotion activities like participation in international Trade Fairs/Exhibitions/ trade delegations in order to explore new markets for export of their products
Who is Eligible?
All Micro & Small Enterprises (MSEs) existing anywhere in the state shall be eligible under the scheme.
Applicability of Scheme under Market Development Assistance :
Above scheme is applicable w.e.f. 01.01.2021 & shall remain in operation upto 31.12.2025.
How much assistance is available?
MSEs would be eligible for financial assistance by way of reimbursement for participation in one international fair/exhibition only in a year.
Financial Assistance is given as under:
- 75% reimbursement of various charges like space charges at the exhibition, transportation charges of exhibits (products/items), product literature cost, cost of display material, etc.
However, assistance by way of reimbursement of charges cannot exceed Rs. 4 Lacs.
- Air fare of participants of exhibition by economy class for a maximum of 2 persons will be eligible for reimbursement.
However, assistance by way of reimbursement of air fare cannot exceed Rs. 1 Lac.
So, if you are planning to set-up and under the above said categories. Then, You can enjoy maximum benefits out of above said policy. So, plan accordingly and take maximum benefits out of it.
If you want to know more about Market Development Assistance , then click at :- https://kipfinancial.com/market-development-assistance-scheme-for-msme-units/
Are your business fall under Micro and Small enterprise
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Contact us at– 8683898080.
Visit our office:- KIP Financial Consultancy Pvt. Ltd.
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