ZED – A Need with Zen Energy

ZED – A Need with Zen Energy

If you an entrepreneur in the manufacturing sector or a MSME unit owner who wants to safeguard the business against market growth constraints, then ZED certification is non-deniable. A certification that can enhance your brand value and enrich business cycle.

MSME Sustainable (ZED) Certification is an extensive drive to create awareness amongst MSMEs about Zero Defect Zero Effect (ZED) practices and motivate and incentivize 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 competiveness and sustainability. The ZED Certification aims at enhancing the competiveness of an MSME by assessment, modification through guidance, handholding and technological intervention.

ZED Eligibility

All MSMEs registered with the Udyam registration portal will be eligible to participate in MSME Sustainable (ZED) Certification Scheme and avail related benefits/incentives.Each Unit (under one Udyam Registration) will need to apply for Certification separately to avail subsidy/benefits/incentives. Any number of Units registered under one Udyam Registration can apply for subsidy under this Scheme.

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Additional Subsidies/ Financial Assistance For Zed Certifications

·       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 Programs (MSE-CDP) of the Ministry.

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 up gradation for Zero Effect Solutions

Financial Benefits/Incentives for ZED Certified MSMEs

ZED Certified MSMEs derive several benefits from the implementation of the ZED parameters which enhances their competiveness. Apart from the internal benefits, several incentives like financial assistance for certification, handholding, technology up gradation and graded incentives (based on the level of ZED Certification) are also available from Central Government, State Government and Financial Institutions.

Some of the incentives provided by the Central Government include:

·       Financial assistance upto 75% of the total cost of Testing/Management Systems/Product Certification.

·       Financial assistance upto 3 Lakhs for technology up-gradation for moving towards zero effect solutions

·       Credit guarantee coverage upto 85%

·       Discount schemes in freight rates for parcels.

The incentives from the state government differs for states. You can mail to misha.trust@gmail.com for the complete list of incentives/benefits.

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