MSME DESIGN
The MSME Design Scheme brings together India’s manufacturing sector and design expertise on a common platform. The sole objective of the scheme is to provide MSMEs with expert advice and cost-effective solutions for real-time design challenges, assisting in new product development, continuous improvement, and value addition to existing products. The scheme offers specialized guidance from experienced designers, helping MSMEs achieve their design-related goals, whether it’s creating new products or enhancing their existing product portfolio.
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Benefits of MSME DESIGN
- Financial Assistance
- Expert Design Support
- Prototype Development
- Phased Grant Disbursement
Benefits of MSME DESIGN
- Financial Assistance: The scheme covers Up to 75% (Micro) and 60% (Small & Medium) of project costs with a maximum grant of ₹40 lakhs.
- Expert Design Support: Funding for engaging professional design consultants to innovate and improve products.
- Prototype Development: Assistance for creating prototypes and enhancing product portfolios.
- Phased Grant Disbursement: Funds released in three stages
- 0% for Strategy & Concept development.
- 30% for Detailed Design.
- 30% on successful prototype completion and final report submission.
Eligibility for MSME Design Scheme
- The applicant must be a registered Micro, Small, or Medium Enterprise (MSME).
- The MSME should possess a valid Udyog Aadhaar Memorandum (UAM) or Udyam Registration Certificate.
Documents Required for MSME Design Scheme
- Udyog Aadhaar Memorandum (UAM) or Udyam Registration (UR) Certificate.
- Mobile number registered with Udyog Aadhaar Memorandum (UAM).
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MSME DESIGN Now
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