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MMSME Champions scheme

27-Sep-2023 09:35:54
Funding

Scheme Provider :

Sector :

Agri and allied activities

Name of Ministry :

Ministry of MSME

States :

ALL

Eligibility :

MSMEs

Vertical :

Funding, Business Development Services

Link for enrollment :
1) - MSME-Sustainable (ZED) - www.zed.msme.gov.in 2) - MSME-Innovative(for Incubation, IPR, Design) - https://innovative.msme.gov.in 3) - MSME-Competitive (Lean) -
Link to scheme information :
https://msme.gov.in/technology-upgradation-and-quality-certification
Link to government website :
Details :

Ministry of MSME has been implementing Credit Linked Capital Subsidy and Technology Upgradation Scheme (CLCS-TUS) for promoting competitiveness amongst Micro, Small and Medium Enterprises (MSMEs) by the way of wastage reduction through Lean Manufacturing, support for Design improvement, building awareness on Intellectual Property Rights, Zero Defect Zero Effect (ZED) Scheme, digitally empowerment of MSME through Digital MSME and to promote & support untapped creativity of individual and to promote adoption of latest technologies in manufacturing as well as knowledge-based innovation MSMEs through Incubation across India. MSME Champions scheme has been formulated through Standing Finance Committee (SFC) by merging all 6 components of erstwhile Technology Upgradation Scheme (TUS) for a period of 5 years i.e. 2021-22 to 2025-26. It is a Holistic Approach to unify, synergize and converge various schemes and Interventions with a single purpose. The end objective is to pick up clusters and enterprises and modernize their processes, reduce wastages, sharpen business competitiveness and facilitate their National and Global reach and excellence. There are 3 components under the new MSME Champions scheme, the details of which are as below: 1) - MSME-Sustainable (ZED) 2) - MSME-Innovative(for Incubation, IPR, Design) 3) - MSME-Competitive (Lean)

Introduction :

Ministry of MSME has been implementing Credit Linked Capital Subsidy and Technology Upgradation Scheme (CLCS-TUS) for promoting competitiveness amongst Micro, Small and Medium Enterprises (MSMEs) by the way of wastage reduction through Lean Manufacturing, support for Design improvement, building awareness on Intellectual Property Rights, Zero Defect Zero Effect (ZED) Scheme, digitally empowerment of MSME through Digital MSME and to promote & support untapped creativity of individual and to promote adoption of latest technologies in manufacturing as well as knowledge-based innovation MSMEs through Incubation across India. MSME Champions scheme has been formulated through Standing Finance Committee (SFC) by merging all 6 components of erstwhile Technology Upgradation Scheme (TUS) for a period of 5 years i.e. 2021-22 to 2025-26. It is a Holistic Approach to unify, synergize and converge various schemes and Interventions with a single purpose. The end objective is to pick up clusters and enterprises and modernize their processes, reduce wastages, sharpen business competitiveness and facilitate their National and Global reach and excellence. There are 3 components under the new MSME Champions scheme, the details of which are as below: 1) - MSME-Sustainable (ZED) 2) - MSME-Innovative(for Incubation, IPR, Design) 3) - MSME-Competitive (Lean) Yet to be launched

Benefits :

1. MSME Sustainable (ZED) Certification: Subsidy on cost of ZED certification: • Joining Reward of Rs. 10,000/- (Bronze will become free if availed) • 80-60-50% for Micro, Small & Medium Enterprises Additional subsidy: • 10% for Women/SC/ST owned MSMEs OR MSMEs in NER/Himalayan/LWE/Island territories/aspirational districts. • 5% for MSMEs which are also a part of the SFURTI OR Micro & Small Enterprises - Cluster Development Programme (MSE-CDP) of the Ministry. • Financial Assistance in Testing/Quality/Product Certification: • Up to 75% of the total cost of Testing/Certification, with the maximum ceiling of subsidy being Rs. 50,000/-. Handholding Support : • Up-to Rs.2 lakhs for consultancy for all ZED certified MSMEs. • Support in Technology Upgradation for Zero Effect 2. MSME - Innovative (for Incubation, IPR, Design) - MSME Innovative is a new concept for MSMEs with a combination of innovation in incubation, design intervention and by protecting IPR in a single mode approach to create awareness amongst MSMEs about India’s innovation and motivate them to become MSME Champions. This will act as a hub for innovation activities facilitating and guiding development of ideas into viable business proposition that can benefit society directly and can be marketed successfully. Benefits: Incubation •Financial Assistance to HI for developing and nurturing the ideas - shall be provided up to maximum of Rs. 15 lakh per idea to HI. • Financial assistance for Plant and Machinery to HI up to Rs. 1.00 cr. (max) - shall be provided for procurement and installation of relevant plant and machines including hardware and software etc. in BI for R&D activities and common facilities for incubatees of BI Design • Design Project: For the design projects approved for any MSME, 75% (Micro) and 60% (Small & Medium) of the total project cost will be contributed by GoI up to a maximum of Rs. 40 lakh and the remaining project cost will be borne by MSMEs and deposited to the IA. • Student Project: 75% of the total project cost will be contributed by GoI up to a maximum of Rs. 2.5 lakhs. IPR • A Grant of up to Rs. 1 crore would be provided to an IPFC in milestone-based (three or more) installments. 3. MSME-Competitive (LEAN)- Lean Manufacturing Competitiveness for MSMEs ObjectiveMSME Competitive (Lean) Scheme is an extensive drive on the part of Ministry of Micro, Small and Medium Enterprises for enhancing the competitiveness of MSME Sectors through implementation of Lean Tools and Techniques. Lean Tools and Techniques are a tested and proven methodology for improving the competitiveness of MSME sector. Nature of assistance: - Cost of Implementation: Basic-Free; Intermediate- Rs. 1,20,000/-; Advance- Rs. 2,40,000/- - Financial Assistance to group of MSME Units for adoption of Lean tools/techniques - Subsidy on cost of Implementation: 90% of Total Cost of Implementation

Gender :

Both

Implementing Agency :

Ministry of MSME

Target Audience :

Enterprise

Primary Domain :

Funding

Secondary Domain :

Business Development Services

Impact on wMSMEs :

Direct

Keywords :

#Lean #IPR #ZED certification #Champions #CLCSS

Relevant schemes (6)

Integrated Cold Chain and Value Addition Infrastructure

MMSME Champions scheme

Self Reliant India (SRI) Fund - Empowering MSMEs for Aatmanirbhar Bharat

Training Scheme

Grant-in-aid to Voluntarv and other Organizations for Scheduled Castes

Assistance for Skill Development of Other Backward Classes (OBCs)/ De-Notified, Nomadic And Semi-Nomadic Tribes (DNTS)/ Economically Backward Classes (EBCs)

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