Saturday, May 25, 2024

MSME, launches MSME Sustainable (ZED) Certification Scheme under MSME Champions Scheme

Hon`ble Minister, MSME launched the MSME Sustainable (ZED) Certification Scheme on 28 th April 2022 at Vigyan Bhawan, New Delhi. This Scheme is an extensive drive to enable and facilitate MSMEs adopt Zero Defect Zero Effect (ZED) practices and motivate and incentivize them for ZED Certification while also encouraging them to become MSME Champions. Through the journey of ZED Certification, MSMEs can
reduce wastages substantially, increase productivity, enhance environmental consciousness, save energy, optimally use natural resources, expand their markets, etc.

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

 Micro Enterprises: 80%,
 Small Enterprises: 60%
 Medium Enterprises: 50%

There will be an additional subsidy of 10% for the MSMEs owned by Women/SC/ST Entrepreneurs OR MSMEs in NER/Himalayan/LWE/Island territories/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

A provision of up to Rs. 5 lakh(per MSME) will be made available for handholding and consultancy support for MSMEs under ZED Certification for assisting them to move towards Zero Defect Zero Effect solutions. The MSMEs can also avail a number of other incentives offered for ZED Certification by States & UTs, Financial Institutions etc. and can also apply for free Certification under the MSME KAWACH (COVID-19 Support) initiative.

In his address, Hon`ble Union Minister of Micro Small and Medium Enterprises, Shri Narayan Rane said that ZED has the potential to become a national movement and that it aims to provide a roadmap to global competitiveness for the MSMEs of India. He added that ZED will not only attempt to improve productivity & performance, it has the capability to change the mind-set of manufacturers and make them more environment conscious.

Within a few hours of the launch, more than 1800 MSMEs had already registered & taken ZED Pledge.

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