Central GovernmentVerified

Design Scheme Under MSME Innovative Scheme

Ministry: Ministry Of Micro, Small and Medium Enterprises

Design scheme will help MSMEs to avail advice on all aspects of design. It helps MSMEs realize and achieve their design-related objectives. This specialist advice will be provided by experienced designers for new product development as well as enhancing existing product portfolio.

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About This Scheme

The "Design scheme" under the "MSME Innovative Scheme" implemented by the Ministry of Micro, Small & Medium Enterprises, will help MSMEs to avail advice on all aspects of design. It helps MSMEs realize and achieve their design-related objectives. This specialist advice will be provided by experienced designers for new product development as well as enhancing the existing product portfolio. The Design scheme is divided in two major parts, viz., Design Projects and Design Awareness Programme. Design Project: To facilitate MSMEs to develop new design strategies and or design-related products through interventions and consultancy. Design Awareness Programme: The objective is to create general awareness and sensitization about the value and power of design for businesses through seminars, talks, workshops etc. The purpose of these activities is to sensitize MSMEs about the usage of design/innovation in various facets of their industry.

Benefits

₹40.0 L

Design Project:

Financial assistance under this activity will be utilised for engagement of design consultants for design interventions and expenses pertaining to development of prototype/product. For the design projects approved for any MSME, 75% (Micro) and 60% (Small & Medium) of the total project cost will be contributed by Government of India, up to a maximum of ₹ 40,000,00/- and the remaining project cost will be borne by MSMEs and deposited to the IA.

The total project cost will be provided as a grant in 3 stages:

Stage 1: Strategy & Concept- 40%
Stage 2: Detail Design - 30%
Stage 3: Successful Completion of the prototype/product and Final Report submission - 30%.

Student Project:

This component supports design work of bona-fide students by providing financial assistance up to ₹ 2,50,000/-. For the student design projects approved for any MSME,75% of the total project cost will be contributed by Government of India, up to a maximum of ₹ 2,50,000/- and the remaining project cost will be borne by MSME and deposited to the IA.

Eligibility

Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.

Required Documents

✦
Udyog Aadhaar Memorandum (UAM) or Udyam Registration (UR) certificate.
✦
UAM Registered mobile number.

✦ Required ◦ Optional

How to Apply

OOnline

Step 1: After opening the website https://innovative.msme.gov.in/ , Click on the "Design" option.

Step 2: On the next window, click on "Join Design Scheme".

Step 3: Enter the Udyam Registration Number along with the Registered Mobile Number.

Step 4: Click on "Validate" and then complete further steps to complete the application process.

Quick Info

Level: Central Government
Max benefit: ₹40.0 L