The Ministry of MSME has launched the renewed Zero Defect Zero Effect (ZED) Certification Scheme with an aim to make access to capital easier for the MSME sector.
MSMEs in the manufacturing segment will be the area of focus in the first phase and MSMEs in the services sector will the main focus in phase 2.
Present at the launch event, MSME Minister Narayan Rane underlined the contribution of MSMEs in India’s GDP (30 per cent) and the overall exports (50 per cent) of the country.
Explaining the features of the revised scheme, Director of Ministry of MSME, Vinamra Mishra said that concessions on parcel special trains, as well as get preferences from credit bureaus and banks will be given to MSMEs that have ZED certification.
