What is the MSME Champions Scheme planning in India?

The MSME Champions Scheme is planning a significant funding increase, potentially to ₹10,000 crore over five years, to boost cleaner manufacturing and exports.

How will the MSME Champions Scheme help Indian businesses?

It aims to enhance global competitiveness through ZED certification, lean manufacturing, and intellectual property creation support for MSMEs.

What are the challenges for MSMEs in global markets?

MSMEs face challenges with export certifications, intellectual property creation, and meeting international standards like the EU's carbon tax.

Home / Business and Economy / MSME Fund Surge: ₹10,000 Crore Boost for Small Businesses

MSME Fund Surge: ₹10,000 Crore Boost for Small Businesses

20 Jan

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Summary

MSME Champions Scheme may see funding jump to ₹10,000 crore.
Focus on cleaner manufacturing, exports, and global competitiveness.
Scheme components include ZED certification, lean manufacturing, and IP creation.

MSME Fund Surge: ₹10,000 Crore Boost for Small Businesses

The Indian government is preparing a substantial financial boost for its MSME Champions Scheme, with plans to increase the outlay to approximately ₹10,000 crore over the next five years. This significant enhancement, a steep rise from the previous ₹1,125 crore allocation, aims to foster cleaner manufacturing practices, expand export capabilities, and elevate the global competitiveness of micro, small, and medium enterprises.

The proposed funding increase is currently undergoing review by the expenditure finance committee and is expected to receive Union cabinet approval within three to five months. The initiative responds to industry calls for greater financial support to strengthen efficient production methods and better compete in international markets. Key components of the scheme include the MSME Sustainable (ZED) certification, the MSME Competitive (Lean) component for efficiency, and support for intellectual property rights creation.