From which scheme will you get the money?
Credit Guarantee Trust Fund for Micro and Small Enterprises (CGTSME)
The Ministry of MSME, India, established the Credit Guarantee Trust Fund for Micro and Small Enterprises (CGTMSE), a significant program that facilitates credit acquisition for new businesses. This government program offers guarantee-free loans up to Rs 1 crore to qualifying startups and MSMEs. The CGTMSE Trust is used to disburse this loan, which facilitates financial help for enterprises.
Certification Scheme
The ZED or zero Defect and zero Effect Mission aims to encourage new and existing manufacturing units to produce high-quality products. This scheme motivates manufacturers towards manufacturing products with zero defects.
Under this initiative, manufacturers are assisted in adopting world-class manufacturing processes, enabling them to use new technologies. In addition, financial assistance, technical support, and necessary equipment are provided through this scheme to ensure zero defects in products. In this way, the certification scheme helps manufacturers to achieve better quality and efficiency.
Credit Linked capital Subsidy for technology Upgradation (CLCSS)
The government understands that technology plays a vital role in creating a global identity for indian startups and MSMEs. For this purpose, the Credit Linked capital Subsidy for technology Upgradation (CLCSS) scheme has been introduced.
Under this scheme, financial assistance is provided to MSMEs to upgrade their technology and establish modern technological platforms for business. Through CLCSS, the government provides a subsidy of 15% on investment up to Rs 1 crore for technology upgradation for indian startups and MSMEs. Thus, this scheme works to increase the competitiveness of entrepreneurs by helping them adopt new technology.
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