MSME Ministry launches MSME Sustainable Certification Scheme (ZED)

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Union Minister for Micro, Small, and Medium Enterprises Narayan Rane launched the MSME Sustainable (ZED) Certification Scheme.

• The scheme is a comprehensive campaign to motivate and encourage MSMEs for ZED certification by adopting Zero Defect Zero Impact (ZED) practices and encouraging them to become MSME champions.

• ZED has the potential to become a national movement and aims to provide a roadmap for global competitiveness for India's MSMEs.

• Not only will ZED strive to improve productivity and performance, but it has the potential to change the mindset of manufacturers and make them more environmentally conscious.

• Through this scheme MSMEs can reduce wastage to a great extent, increase productivity, environmental awareness, save energy, make optimum use of natural resources and expand their markets.

• Subsidy Under the Scheme

• Under the Scheme, MSMEs will get subsidy as per the following structure, on the cost of ZED certification:

1.  Micro Enterprises: 80%

2. Small Enterprises: 60%

3. Medium Enterprises: 50%

• Additional subsidy

• There will be an additional 10% subsidy for MSMEs owned by women/SC/ST entrepreneurs in NER/Himalayan/LWE/Island areas/Aspirational Districts.

• In addition to above, there will be an additional subsidy of 5% for MSMEs which are also a part of the SFURTI OR Micro & Small Enterprises - Cluster Development Programme (MSE-CDP) of the Ministry.

• Further, a limited purpose joining reward of Rs 10,000/- will be offered to each MSME once they take the ZED Pledge

• Role of Ministry of MSME

• It works to promote, develop and support MSMEs in all regions and states.

• The Ministry runs more than 20 different schemes such as PMEGP, SFUTI, MSE-CDP, RAMP Scheme, ATI, Udyam Registration, etc.

• These schemes offer support and strength in the areas of access to finance, market linkages, technology upgradation, capacity building, innovation/ideation and industrial infrastructure development etc.