India SME Forum is hosting a virtual workshop on the MSME Sustainable (ZED) Certification Scheme

India SME Forum is hosting a virtual workshop on the MSME Sustainable (ZED) Certification Scheme on November 25th, 2022.

About ZED

MSME Sustainable (ZED) Certification is an extensive drive to create awareness amongst MSMEs about Zero Defect Zero Effect (ZED) practices and motivate and incentivise them for ZED Certification while also encouraging them to become MSME Champions.
Through the journey of ZED Certification, MSMEs can reduce wastages substantially, increase productivity, enhance environmental consciousness, save energy, optimally use natural resources, expand their markets, etc. MSMEs will also be motivated to adopt best practices in work culture, standardization of products, processes and systems etc.
In order to enhance their global competitiveness and sustainability. The ZED Certification aims at enhancing the competitiveness of an MSME by assessment, modification through guidance, handholding and technological intervention.

Why ZED ?

The Indian MSMEs i.e. the Micro, Small & Medium Enterprises are an important pillar of the Indian Economy. Today they need the right guidance and support to progress further. The Ministry of MSME, Govt. of India, has taken some revolutionary steps, to boost this sector so that they are prepared to face the global competion and also help making an Atmanirbhar Bharat. As one of the steps, the Ministry has introduced the “MSME Sustainable (ZED) Certification” scheme.

ZED Certification Levels

ZED i.e. ZERO DEFECT ZERO EFFECT is a simple, transparent and affordable certification with 3 levels, Bronze, Silver & Gold, and is based on well-defined parameters of quality, safety, production, cleanliness, energy, environment and more.

ZED BENEFITS

Additional Subsidies

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

Financial Support

The Ministry of MSME has also decided to provide financial assistance and support to MSMEs under the ZED certification scheme

• Subsidy on cost of Certification
• Financial assistance in Testing/Systems/ Product Certification
• Subsidy on Handholding
• Subsidy on technology upgradation for Zero Effect Solutions

ZED Certified MSMEs can also avail graded incentives from

• Other schemes of Ministry of MSME
• Other Ministries/Departments
• States / UTs
• Financial Institutions and Banks

Manufacturers would benefit from ZED certification in terms of improved product quality, increased production, lower rejection rates, higher profits, increased safety, easier access to loans, and increased environmental consciousness.