Design Scheme Under MSME Innovative Scheme
The Design Scheme, under the MSME Innovative Scheme by the Ministry of MSME, aims to enhance the design capabilities of Micro, Small, and Medium Enterprises (MSMEs). It provides financial assistance and expert advice for product design and development.
What is the Design Scheme?
This scheme supports MSMEs in improving their product designs through expert consultancy and financial assistance. It is divided into Design Projects and Design Awareness Programmes, focusing on both practical implementation and educational initiatives.
Key Objectives of the Design Scheme
· Enhance Product Design: To assist MSMEs in developing new and improving existing product designs.
· Promote Design Awareness: To educate MSMEs about the importance and benefits of design in business.
· Facilitate Design Projects: To provide financial support for design interventions and prototype development.
· Support Student Projects: To encourage design work by students for MSME applications.
· Improve Competitiveness: To enhance the market competitiveness of MSMEs through innovative designs.
Eligibility Criteria for the Design Scheme
· Enterprise Type: Registered Micro, Small, or Medium Enterprises (MSMEs).
· Registration: Valid Udyog Aadhaar Memorandum (UAM) or Udyam Registration (UR) certificate.
Benefits of the Design Scheme
· Design Projects:
1. Financial assistance: 75% (Micro) and 60% (Small & Medium) of the total project cost, up to ₹40,00,000.
2. Grant disbursement in three stages: Strategy & Concept (40%), Detail Design (30%), and Prototype/Product Completion (30%).
· Student Projects:
1. Financial assistance: 75% of the total project cost, up to ₹2,50,000.
How to Apply for the Design Scheme?
· Online Application:
1. Visit the official website: [https://innovative.msme.gov.in/](https://innovative.msme.gov.in/).
2. Click on "Design."
3. Click on "Join Design Scheme."
4. Enter the Udyam Registration Number and registered mobile number.
5. Click on "Validate."
Documents Required for Application
· Udyog Aadhaar Memorandum (UAM) or Udyam Registration (UR) certificate.
· UAM Registered mobile number.
FAQs About the Design Scheme
1. Who is eligible?
Registered MSMEs with a valid Udyam Registration.
2. What is the financial assistance?
Up to ₹40,00,000 for design projects and ₹2,50,000 for student projects.
3. How do I apply?
Online through the MSME Innovative portal.
4. What documents are required?
Udyam Registration and registered mobile number.
5. Is there support for student projects?
Yes, the scheme supports design work by students.
Why Should You Apply for the Design Scheme?
The Design Scheme offers valuable financial and expert support to MSMEs, enabling them to enhance their product designs and improve their market competitiveness. By leveraging design expertise, MSMEs can develop innovative products that meet market demands and drive business growth.
Conclusion
The Design Scheme under the MSME Innovative Scheme is a crucial initiative for promoting design innovation in the MSME sector. By providing financial assistance and expert guidance, the scheme empowers MSMEs to develop competitive products and thrive in the market.