SUMMARY
As per the ‘Atmanirbhar Bharat’, the scheme also comes up with various new announcements and amendments. The scheme for MSMEs act as a huge model of motivation for these small enterprises and also given them the confidence to carry out their businesses. There is a big question of WHY one should choose MSME, let me answer this for you!
Image source: https://dcmsme.gov.in/ImageBoxNew/06%20Mar%20Ass.jpg
MSME provides:
Collateral free loans from banks
Protection against delayed payments
Credit linked capital subsidy scheme
Incubation
Bank interest
Thus, I would like to conclude by saying that this scheme
is a great opportunity for all the individuals who are willing
to start their own enterprises.
The Ministry of the Micro, Small, and Medium Enterprises has come up with schemes for the upliftment of the MSME sector. The scheme has majorly focused on providing marketing support to ST/SC enterprises so that they can easily compete in the market and also increase their product marketability.
Do you want to grow your business?
If yes, then this blog is for you. The Ministry of MSME has come up with these schemes to help you grow your business.
While this the first thing that comes in our mind is, WHAT DOES THIS SCHEME OFFERS?
The Ministry has come up with these schemes to provide financial assistance for the marketing activities undertaken by these sectors.
Scheme eligibility
WHO CAN APPLY?
Micro, Small and Medium Enterprises
Industry associations
Organizations which are related to the MSME sector
HOW TO APPLY
Applying to these schemes is very simple, you can do it by just a form.
Facing difficulty in establishing your business?
Read about the events and activities initiated by the Ministry of MSME I am sure these would be a great help and give you the urge to start your own enterprise.
ACTIVITY | COMPONENT | SCALE OF ASSISTANCE |
Organizing exhibitions abroad. | Airfare Daily allowances | 100% fare of economy class to 1 representative belonging to SC/ST. The daily allowances are doubled and give by the ministry. Participating ST/SC enterprises are given 1.50 Lac per event. |
Participation in international exhibitions. | charges for building stalls Max budgetary support | 100% subsidy on minimum stall size. Rs. 30000/- max Micro ST/SC enterprise -Rs.3Lac Small ST/SC enterprise – Rs.2.5Lac Medium ST/SC enterprise-Rs.1.50 Lac |
Organizing domestic exhibition | Fare | The ministry bears the entire transportation cost of one person. |
Participation in Domestic Exhibitions | Charges for building up stalls
Fare Max budgetary support | |
Vendor development program | Organizing VDPs by Industry Associations. | |
Workshops/ Seminars/ Awareness Campaigns | To be organized by Industry Association/ Field Offices of NSIC, MSME DI | Expenditure for organizing Workshop/Seminars would be subject to a maximum limit of: - National level: Rs.5 Lacs State / regional level |
RECENT UPDATES:
Banks sanctions about Rs.1.20 lakh crore loans to MSMEs under the credit guarantee scheme.
MSME department launches the 'Champion State Control Room' to assist MSMEs.
Banks sanction Rs.1.14 lakh crore to MSMEs under the Credit Line Guarantee Scheme.
Andhra Pradesh CM disburses ₹513 crores to MSMEs Restart scheme.
Banks disburse over Rs.50,000 crore loans to MSMEs under ECLGS.
Khattar assures support to entrepreneurs for setting up MSME units.
Read more at:
https://taxguru.in/corporate-law/msme-benefits-aatmanirbhar-bharat.html
1 comment
Rahul Tiwari
September 13, 2020 at 12:02 pmAwesome 👍 job Mandavi- Tiwari