The Ministry of Micro, Small & Medium Enterprises (MSME) has approved the subsidy claim under the International Cooperation (IC) scheme for enrolled companies that participated in the Hong Kong International Jewellery Show in March.

The proposal, referenced as 4-51-2023-IC and dated 17th April 2023, outlines the details of the grant approved for the event. A total of 20 entrepreneurs will receive an approximate grant of Rs.5 lakhs each, excluding costs for advertising and promotion.

The Gem & Jewellery Export Promotion Council (GJEPC) will be responsible for disbursing the grant, which will then be reimbursed to the participating MSMEs.