1. MSME Scheme for providing establishment of new institutions (EDIs), strengthening the infrastructure for EDIs under ATI scheme

MSME scheme EDIs  Description:

The msme scheme assistance shall be provided to training institutions in the form of capital grant for creation/ strengthening of infrastructure and programme support for the conducting entrepreneurship development and skill development programmes. 

Financial  assistance :

Maximum assistance for creation or strengthening of infrastructure will be Rs.150 lakhs on matching basis, not exceeding 50% of project cost. However, for the North Eastern region (including Sikkim), Andaman & Nicobar, and Lakshadweep, maximum assistance on matching basis would be Rs. 270 lakhs or 90% of 2 project cost, whichever is less.

2. Marketing support under the Marketing Assistance scheme

The assistance is provided for following activities :

A. Organising exhibitions abroad and participation in international exhibitions/ trade fairs.

B. Co-sponsoring of exhibitions organised by other organisations/ industry associations/ agencies.

C. Organising buyer-seller meets, intensive campaigns and marketing promotion events.

Financial assistance :

Financial assistance of up to 95% of the airfare and space rent of entrepreneurs. Assistance is provided on the basis of size and type of the enterprise. Financial assistance for co-sponsoring would be limited to 40% of the net expenditure, subject to a maximum amount of Rs. 5 lakh.

3. Credit Guarantee Scheme

Description :

Ministry of Micro, Small and Medium Enterprises, msme GoI and Small Industries Development Bank of India (SIDBI), established a Trust named Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) to implement Credit Guarantee Fund Scheme for Micro and Small Enterprises. The corpus of CGTMSE is being contributed by GoI and SIDBI.

Nature of assistance :

 For individuals: Collateral free loans up to a limit of Rs. 50 lakhs – for individual MSEs.

4. Micro & Small Enterprises Cluster Development Programme (MSE-CDP)

Objectives of the scheme :

  1. Support sustainability and growth of MSEs by addressing common issues such as improvement of technology, skills and quality, market access, access to capital, etc.
  2. Build capacity of MSEs for common supportive action through formation of self help groups, consortia, upgradation of associations, etc.
  3. To create/upgrade infrastructural facilities in the new/existing industrial areas/ clusters of MSEs.
  4. To set up common facility centres(for testing, training centre, raw material depot, effluent treatment, complementing production processes, etc).

Cost of project and Govt of India assistance :

  • Diagnostic study – Maximum cost Rs. 2.50 lakhs.
  • Soft interventions – Maximum cost of project Rs.25.00 lakh, with GoI contribution of 75%(90% for special category States and for clusters with more than 50% women/ micro/ village/ SC/ ST units).
  • Hard interventions i.e., setting up of CFCs – maximum eligible project cost of Rs.15.00 crore with GoI contribution of 70% (90% for special category States and for clusters with more than 50% women/ micro/ village/ SC/ ST units).
  • Infrastructure development in the new/ existing industrial estates/ areas. Maximum eligible project cost Rs. 10.00 crore, with GoI contribution of 60%(80% for special category States and for clusters with more than 50% women/ micro/ SC/ ST units).

5. Scheme for Promotion for Innovation, Rural Industries and Entrepreneurship(ASPIRE)

The main objectives of the scheme are to :                                                                                             

  • Create new jobs and reduce unemployment. 
  • Promote entrepreneurship culture in India.
  • Grassroots economic development at district level.
  • Facilitate innovative business solution for un-met social needs.
  • Promote innovation to further strengthen the competitiveness of MSME sector.

Financial assistance :

Any of the Agency/ Scheme for promotion of Innovation, Entrepreneurship and Agro-Industry organisation of the M/o MSME, one-time grant of 100% of cost of Plant & Machinery other than the land and infrastructure or an amount up to Rs. 100 lakhs whichever is less to be provided.

In case of incubation centres to be set up under PPP mode with NSIC, KVIC or Coir Board or any other Institution/agency of GoI/ State Govt., one-time grant of 50% of cost of Plant & Machinery other than the land and infrastructure or Rs. 50.00 lakhs, whichever is less to be provided.

6. Coir Industry Technology Upgradation Scheme(CITUS) (COIR VIKAS YOJANA)

Financial assistance :

Financial assistance provided will be set at 25% of the total cost of admissible items of ‘Plant and Machinery’ that are procured by the Coir units. The maximum financial assistance provided under this scheme will be at Rs. 2.50 crores per coir unit/project.

Other conditions

  • Financial assistance should be within the investment limits prescribed for Small and Medium Enterprises under the MSME Act from time to time.
  • On submitting the application, the officers of the Coir Board will inspect the unit, verify the documents and finalize the quantum of assistance as per the guidelines.
  • The equipment and motors should meet minimum standards of BIS which are prescribed from time to time.
  • The upper limit for this assistance is Rs. 2.5 crores.
  • The machinery/ equipment procured can be sourced from the choice of entrepreneurs with a valid invoice with GST details. Machinery can also be imported for which the unit shall substantiate the reason for the import of machinery.
  • The suppliers should give a guarantee for at least two years.
  • The entrepreneurs should not have availed any financial assistance under Central Government subsidy under PMEGP, CUY, DPI, TUF, etc. for the same purpose.
  • If the original documents are with banks on hypothecation, the application can be attached with the copies duly attested by the Manager of the bank.
  • The selection of beneficiary shall be purely on merits and the rankings given by the “Project Steering Committee”.