MSME Ministry launches MSME Sustainable Certification Scheme (ZED)
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%
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.
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