Question
Under the MSME-Innovative scheme, what is the maximum
percentage of financial assistance provided by the Government of India for design projects undertaken by micro enterprises?Solution
The MSME-Innovative scheme, launched on March 10, 2022, aims to support innovation across the value chain in micro, small, and medium enterprises. One of its key components is financial support for design projects, which enables micro enterprises to upgrade product design, adopt modern techniques, and improve competitiveness. • For micro enterprises, the Government of India provides 75% of the project cost as assistance. • The remaining 25% must be contributed by the enterprise itself. • Additionally, the maximum assistance is capped at ₹40 lakh per design project.
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