6. Scheme of Fund for Regeneration of Traditional Industries (SFURTI)
Headed By: Ministry of MSME
The aim of the scheme is to organize Traditional Industries and Artisans into clusters and to provide sustainable employment, enhance marketability of products and to equip them with improved skills, better tools and facilities.
Eligibility: NGOs, Government or semi-Government bodies, and Panchayat Raj institutions can avail the scheme for cluster improvement.
Funding: The financial assistance provided for any specific project shall be subject to a maximum of 8 crore INR to support Soft, Hard and Thematic interventions.
More information: https://msme.gov.in/scheme-fund-regeneration-traditional-industries
Contact information:
Address: Ministry of Micro, Small and Medium Enterprises, Udyog Bhawan, Rafi Marg, New Delhi-110011
E-mail ID: dcmsme@nic.in
Phone No: +91-11-23063641
7. ASPIRE EN
Headed By: Ministry of MSME
The scheme is introduced with the aim of promotion of innovation in rural industry and entrepreneurship. It was launched with aspiration to:
- Set up a network of technology centres
- Promote startups for innovation
- Entrepreneurship in agriculture industry. This incentive is referred to as Fund of Funds.
Eligibility: MSMEs
Funding: The fund will be used for automation of agricultural practices, value addition to agriculture and forest produce, recycling of agricultural waste and to introduce business models for local rural employment. Fund of Funds will be maintained by SIDBI with a corpus of 60 crore INR.
More information: https://www.msmehelpline.com/aspire.php
Contact information:
Address: Indian MSME Helpline Private Limited, 1106, New Delhi House, Barakhamba Road, Connaught Place, New Delhi-110001
E-mail ID: info@msmehelpline.com
Phone No: +91-11-23063641
8. Infrastructure Development Program- Cluster Development Programme
Headed By: Ministry of MSME
This scheme is launched to create and upgrade infrastructural facilities in the new and existing industrial areas and clusters of MSEs, to set up common facility centres, expand build capacity of MSMEs by forming self-help groups, consortia and to support sustainability by improving skills, market and capital.
Eligibility: MSMEs
Funding: Financial Assistance under various categories are:
- Maximum 2.5 lakh INR for preparation of diagnostic study report with GoI
- Maximum 5 lakh INR for preparation of technical feasibility and viability project report
- For a project of 25 Lakh INR in every cluster, grant of 75% of sanctioned amount
More information: https://msme.gov.in/schemes/infrastructure-development-program
Contact information:
Address: Ministry of Micro, Small and Medium Enterprises, Udyog Bhawan, Rafi Marg, New Delhi-110011
E-mail ID: dcmsme@nic.in
Phone No: +91-11-23063641
9. Market Development Assistance (MDA)
Headed By: MSME
The aim of this scheme is to increase participation of representatives of participating units. It has three forms:
- Participation in international exhibitions and fairs
- Financial assistance for using Global Barcode standard (GS1) 3. Recognised importance of barcoding and financial assistance through DC.
Eligibility: MSMEs
Funding: The scheme offers funding up to 75% in respect of air fare for participation by MSME entrepreneurs in overseas fairs/trade delegations. The scheme also has provision of funding for producing publicity material (up to 25% of costs), sector specific studies (up to 2 lakh INR) and for contesting anti-dumping cases (50% up to 1 lakh INR)-for individual MSMEs & associations.
More information: https://my.msme.gov.in/MyMsmeMob/MsmeScheme/Pages/0_2_5.html
Contact information:
Address: Ministry of Micro, Small and Medium Enterprises
Udyog Bhawan, Rafi Marg, New Delhi – 110011
E-mail ID: dcmsme@nic.in
Phone No: +91-11-23063641
10. National Awards (Individual MSES)
Headed By: MSME
The ministry selects from among enterprises and entrepreneurs, recognising their efforts and contributions to MSMEs. The MSME must be in continuous production or in service for the last four years.
Eligibility: Entrepreneurs of MSMEs having permanent registration number or have filed Entrepreneurs Memorandum to respective authorities. MSME should have been in continuous production since last four years.
Funding: Benefits in the form of cash is awarded to the winners. MSMEs from different categories like women entrepreneurs, SC/ST category, NER Entrepreneurs are selected for the award. Cash prize up to 1 lakh INR is awarded to winners.
More information: https://www.Startupindia.gov.in/content/sih/en/government-schemes/national_awards_for_mse.html
Contact information
Address: Ministry of Micro, Small and Medium Enterprises, Udyog Bhawan, Rafi Marg, New Delhi-110011
E-mail ID: dcmsme@nic.in
Phone No: +91-11-26926513
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