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MSME Champions Portal

MSME champions portal is the single window system for the MSMEs. Champions stands for Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength.

What is the need of the portal?

It has been felt necessary to put up and promote a unified, empowered, robust, bundled and technology driven platform for helping and promoting the Micro, Small and Medium Enterprises (MSMEs) of the country. This is basically for making the smaller units big by helping and handholding, in particular, by solving their problems and grievances

Objectives of MSME Champions

Three basic objectives of the CHAMPIONS:
1. To help the MSMEs in this difficult situation in terms of finance, raw materials, labour, permissions, etc.

2. To help the MSMEs capture new opportunities in manufacturing and services sectors.

3. To identify the sparks, i.e., the bright MSMEs who can withstand at present and become national and international champions.

MSME Champions portal was launched in 2020.

MSME Champions scheme has been formulated through Standing Finance Committee (SFC) by merging all 6 components of erstwhile Technology Upgradation Scheme (TUS) for a period of 5 years i.e. 2021-22 to 2025-26.

How many components are there in MSME Champions?

There are 3 components under the new MSME Champions scheme, the details of which are as below:

1.MSME SUSTAINABLE (ZED) CERTIFICATION)

2.MSME-Innovative(for Incubation, IPR, Design)

3.MSME-Competitive (Lean) Yet to be launched and Digital MSME Yet to be launched

MSME Sustainable ZED Certification

The ZED Certification envisages promotion of Zero Defect Zero Effect (ZED) practices amongst MSMEs. There are three levels of certifications-

Cost of Certification

  • Certification Level 1: BRONZE: Rs. 10,000/-
  • Certification Level 2: SILVER: Rs. 40,000/-
  • Certification Level 3: GOLD: Rs. 90,000/-

Subsidy on cost of ZED certification:

  • Joining Reward of Rs. 10,000/- (Bronze will become free if availed)
  •  80-60-50% for Micro, Small & Medium

Additional subsidy:

  • 10% for Women/SC/ST owned MSMEs OR MSMEs in NER/Himalayan/LWE/Island territories/aspirational districts.
  • 5% for MSMEs which are also a part of the SFURTI OR Micro & Small Enterprises – Cluster Development Programme (MSE-CDP) of the Ministry.

Financial Assistance in Testing/Quality/Product Certification:

Up to 75% of the total cost of Testing/Certification, with the maximum ceiling of subsidy being Rs. 50,000/-.

Support in Technology Upgradation for Zero Effect Solutions:

MSME KAWACH (Knowledge Acquisition through WASH for an Accelerated COVID-19 Handling) Certification:

After taking ZED Pledge, MSMEs can avail support for their preparedness to mitigate COVID 19 risks after obtaining Certification based on WASH Standard.

MSME-Innovative(for Incubation, IPR, Design)

Objective:
To promote all forms of innovations in the complete value chain from developing ideas into innovative applications through incubation and design interventions.

Facilities given under the scheme:

  • Financial Assistance for developing and nurturing the ideas – shall be provided up to maximum of Rs. 15 lakh per idea.
  • Financial assistance for Plant and Machinery up to Rs. 1.00 cr. (max) – shall be provided for procurement and installation of relevant plant and machines including hardware and software etc.
  • For the design projects approved for any MSME, 75% (Micro) and 60% (Small & Medium) of the total project cost will be contributed by GoI up to a maximum of Rs. 40 lakh and the remaining project cost will be borne by MSMEs
  • Student Project: 75% of the total project cost will be contributed by GoI up to a maximum of Rs. 2.5 lakhs.

Other Post

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FAQs

How to read government schemes for competitive exams?

Candidates needs to learn in depth about the central government schemes. The weightage of schemes is more in regulatory exams, state pcs etc.

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