INSUBCONTINENT EXCLUSIVE:
Government runs several schemes for boosting small and medium enterprisesThe Government has launched several schemes to boost the micro,
small and medium enterprises (MSME) sector as it is a major component towards driving employment generation
The main focus of the Centre in terms of providing employment opportunities in this sector are the youth and women.Let's have a look at some
of the key schemes started by the Government to boost the MSME sector, which is also considered the backbone of Indian economy.Udyog
Aadhaar MemorandumAadhaar card is a 12 digit number given to every Indian by the Government
Under this initiative, it is a mandatory requirement
This scheme was launched with the aim of providing ease of doing business in the MSME sector and streamlining the process of registration of
small units, by universalising the procedure.The benefit of registering in this scheme is the ease in availing credit, loans, and subsidies
Registration can be done both ways in the online mode as well as through the offline mode.Zero Defect Zero EffectIn this scheme, products or
goods that are manufactured for export have to conform to a particular standard so that they are not rejected or sent back to India
To achieve this objective, the Government conceptualised this scheme
In this, the exported goods are also eligible for some rebates and concessions.Quality Management Standards And Quality Technology
ToolsOnce registered in this scheme, it helps small enterprises to understand and implement the quality standards that are required to be
maintained along with new technological requirements
In this scheme, activities are conducted to sensitise the businesses about the new technology available through various means of
communication and publicity.Grievance Monitoring SystemIn this mechanism, business owners can get their grievances addressed and can also
check the status of their complaints and can even get them reopened, if they are not satisfied with the solution.IncubationThis scheme helps
innovators in implementing their new design, ideas or products
Government finances up to 80 per cent of the project cost.Credit Linked Capital Subsidy SchemeUnder this scheme, new
technologies are provided to business owners to replace their old and obsolete technical knowhows
Capital subsidy is given to businesses to help them upgrade and have better means to do their business
MSMEs can also directly approach the banks for these subsidies.Women EntrepreneurshipThis scheme is especially meant for women who want to
The Government provides capital, counselling, training and delivery techniques to these women so that they can manage their business and
