MSME funding Schemes for Technology upgradation in the business


MSMEs plays a crucial element in the economy. The government gives diverse schemes for marketers to reinforce their commercial enterprise and development, notably by using adopting new technologies.

Here are 5 technology upgradation schemes offered with the aid of the government.

Design Clinic for Design Expertise

This scheme is for enhancing the competitiveness of MSMEs via the adoption of design and its learnings. The authorities afford to fund support of Rs 60,000 in agreement with seminar and 75 percentage difficulty to a most of Rs 3.75 lakhs in line with the workshop.

The government’s contribution is 75 percent of micro and 60 percentage of SMEs for the assignment varies among Rs 15 lakh and Rs  40 lakh.

Technology and Quality Upgradation Support to MSMEs

Generally, entrepreneurs encounter trouble in upgrading the era and excellent. This scheme advocates the usage of Energy Efficient Technologies (EETs) in production gadgets with a view to decrease the value of production and undertake the spontaneous development mechanism.

The scheme specializes in enhancing the competitiveness of the MSMEs via Energy Efficiency and Product Quality Certification. The present scheme also administers with the issue regarding the discount in the emission of greenhouse gasoline by using this area, through energy performance.

It also helps MSMEs to acquire product certification and licenses from countrywide and global bodies.

The funding model of as much as 75 percent of attention programs is provided through the authorities, issue of a most of Rs 75,000 in step with the programme.

Lean production competitiveness for MSMEs

The objective of this scheme is to improve the manufacturing competitiveness of MSMEs via the software of several Lean Manufacturing (LM) techniques.

The economic assistance is supplied for the implementation of lean manufacturing techniques, mostly the price of lean production consultant (80 percent by using GoI and 20 percent through beneficiaries).

National manufacturing competitiveness program

This MSME scheme aims at facilitating era upgradation via supplying 15% in advance capital subsidy to MSEs, which include tiny, khadi, village, and coir industrial units on institutional finance availed by way of them for initiation of properly-installed and stepped forward technologies inside the detailed sub-sectors/products permitted underneath the scheme.

ISO 9000/ISO 14001 certification repayment

This scheme affords incentive to those SMEs/ancillary undertakings that have taken ISO 9000/ISO 14001/HACCP certification.

The scheme is enlarged with a view to incorporating compensation of expenses in the acquisition of ISO 14001 certification.

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