Newdelhi:28/4/22:Union Minister for Micro, Small and Medium Enterprises Shri Narayan Rane today launched the MSME Sustainable (ZED) Certification Scheme. In his address, the Minister 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, but it also has the capability to change the mindset of manufacturers and make them more environmentally conscious.
This Scheme is an extensive drive to enable and facilitate MSMEs to 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 subsidies 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 the 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.
Shri Rane and Minister of State for MSME, Shri Bhanu Pratap along with the ministry officials also interacted with the principal secretaries and officers of the States/UTs for higher synergy and coordination on policy, promotions and planning for the MSME Sector.