The Ministry of Micro, Small and Medium Enterprises (MSME) is implementing MSME Champions scheme. The objective is to modernize MSMEs’ manufacturing processes, reduce wastages, encourage innovativeness, sharpen business competitiveness and facilitate their National and Global reach and excellence. Various financial incentives are being provided to MSMEs under the scheme.
There are 3 components under the MSME Champions scheme, the details of which are as below:
- MSME-Sustainable (ZED)
- MSME-Competitive (Lean)
- MSME-Innovative (Incubation, IPR, Design and Digital MSME)