MSME-Sustainable (ZED) Scheme

Central government came up with a new scheme named ‘MSME-Sustainable (ZED)’ for the Micro, Small and Medium Enterprises (MSMEs) in the country. This scheme is expected to be launched on January 26, 2021 by Union Minister of Micro, Small and Medium Enterprises, Mr. Nitin Gadkari. Under this scheme more incentives and financial assistance will be provided by the financial institutions/ ministries to the MSME units which are ZED certified. ZED refers to emphasizing on Zero Defect and Zero Effect. It is extremely important for the MSMEs to use Zero Defect and Zero Effect method in their production processes. It leads to reduction in wastage and sustainable increased productivity. This scheme will be an attempt to encourage the firms towards the same. Process of ZED certification will also be simplified in this scheme.

More scheme scheme lunched by Central Government

Scheme Overview:

Scheme Objectives and Benefits:

• This scheme aims at providing more incentives and assistance to the ZED certified MSMEs
• It aims at encouraging the firms towards ZED certification
• Process of certification will also be simplified under this scheme
• Using Zero defect and Zero effect strategy in production processes will help the MSMEs in producing quality products thereby reducing wastages
• It will enable the MSMEs to manufacture their produce without having adverse impact on the environment
• It will lead to increased productivity of the MSMEs
• It also aims to adhere to the Make in India mission

Scheme Details:

• ‘MSME-Sustainable (ZED)’ is a scheme which is expected to be launched by the government for the MSMEs
• Union Minister of Micro, Small and Medium Enterprises, Mr. Nitin Gadkari will be announcing the launch
• This scheme is for the Micro, Small and Medium Enterprises (MSMEs) across the country
• It will enable the government institutions, ministries, financial departments to provide more incentives and financial assistance to the ZED certified MSMEs
• This scheme will simplify the procedure of ZED certification for the new MSMEs
• It tends to encourage Zero Defect and Zero Effect principle in all the firms
• It will lead to increasing the quality of the produce and reduce unnecessary wastage
• It will lead to increased productivity of the firms without actually having any adverse impact on the natural environment
• This scheme will thereby encourage the MSMEs for ZED certification
• Details of the MSME units like name of firm, address, contact details, product manufactured, Udyog Aadhaar No., etc are collected from the firms thereby ensuring their participation in the virtual launch
• This scheme is expected to be launched on January 26, 2021