Question
What percentage of the project cost is covered for
design projects under MSME-Innovative for Micro Enterprises?Solution
The Government of India ( GoI ) covers 75% of the total project cost for design projects under the MSME-Innovative scheme for micro enterprises. The remaining cost is borne by the micro enterprise. The maximum amount of assistance for design projects is Rs. 40 lakh . The MSME-Innovative scheme was launched on March 10, 2022 to promote innovation in the value chain. The scheme provides financial assistance for design, incubation, and intellectual property rights.
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