|
|
|
PM VISHWAKARMA
|
Ans :
PM Vishwakarma is a Central Sector Scheme launched by the Ministry of Micro, Small, and Medium Enterprises to provide holistic and end-to-end support to artisans and craftspeople of 18 trades. This support includes recognition through PM Vishwakarma Certificate and ID Card, access to collateral-free credit, skill upgradation, toolkit incentive, incentives for digital transactions, and marketing support.
|
Ans :
The Scheme covers artisans and craftspeople engaged in 18 traditional trades. viz, (i) Carpenter (Suthar/Badhai);(ii)Boat Maker;(iii)Armorer; (iv)Metalsmith/Metal Caster; (v)Hammer and Tool Kit Maker; (vi) Locksmith; (vii)Goldsmith (Sonar); (viii)Potter (Kumhaar); (ix)Sculptor(Moortikar, stone carver), Stone breaker; (x)Cobbler (Charmakar)/ Shoe smith/Footwear artisan; (xi)Mason(Rajmistri);(xii)Basket/Mat/ Broom Maker/Coir Weaver; (xiii)Doll & Toy Maker (Traditional); (xiv)Barber (Naai); (xv)Garland maker (Malakaar); (xvi)Washerman (Dhobi); (xvii)Tailor (Darzi); and (xviii)Fishing Net Maker.
|
Ans :
The traditional artisans and craftspeople are referred to as ‘Vishwakarmas’ who are engaged in occupations like Blacksmiths, Goldsmiths, Potters, Carpenters, Sculptors, etc. There are 18 trades that have been included in the Scheme and the Vishwakarmas could be engaged in any of these trades.
|
Ans :
The Scheme is intended for the traditional artisans and craftspeople from 18 trades across India, who have not availed any benefit of any other Central or State Government Scheme.
|
Ans :
Any Indian citizen aged 18 years or more, who is engaged in the specified trades on the date of registration, is eligible to participate in the PM Vishwakarma, provided he or she meets the eligibility criteria. The eligibility criteria are provided in Chapter 4 of the Guidelines, which can be accessed through https://pmvishwakarma.gov.in/.
|
Ans :
There is no maximum age to apply for the Scheme. However, the minimum age of the artisan or craftsperson should be 18 years on the date of registration to avail the benefits of the Scheme.
|
Ans :
PM Vishwakarma Certificate & ID Card
Credit Support
Skill Upgradation
Toolkit Incentive
Incentive for Digital Transaction
Marketing Support
(i) Recognition of artisans and craftspeople through PM Vishwakarma certificate and ID card.
(ii) Skill Upgradation: Basic Skill Training of 5-7 days and Advanced Training of 15 days or more, with a stipend of Rs. 500 per day and transport allowance of Rs. 1000.
(iii) Toolkit Incentive: A toolkit incentive of up to Rs. 15,000 through e-vouchers.
(iv) Credit Support: Collateral free ‘Enterprise Development Loans’ upto Rs. 3 lakh in two tranches of Rs. 1 lakh and Rs. 2 lakh with tenures of 18 months and 30 months, respectively, at a concessional rate of interest fixed at 5%, with Government of India subvention to the extent of 8%.
(v) Incentive for Digital Transaction: An amount of Re. 1 per eligible digital transaction, upto maximum 100 eligible transactions monthly, are provided to the beneficiary for digital pay-out or receipt.
(vi) Marketing Support: Marketing support in the form of quality certification, branding, onboarding on e-commerce platforms such as GeM, advertising, publicity and other marketing activities to improve linkage to value chain.
|
Ans :
The scheme is approved for 5 years from F.Y. 2023-24 to F.Y. 2027-28.
|
Ans :
The Scheme is a Central Sector Scheme.
|
Ans :
The Scheme is designed for all the artisans and craftspeople, who are 18 years or more and engaged in one of the 18 trades mentioned in the Guidelines. Further, the Scheme seeks to promote empowerment of women and those belonging to the marginalized or under-served groups.
|
Ans :
Though there are a number of benefits under PM Vishwakarma, there is no social security component under PM Vishwakarma Scheme. There are various schemes of the Government of India and State Governments such as Prime Minister Jeevan Jyoti Bima Yojana, Prime Minister SurakshaBima Yojana, Atal Pension Yojana, Pradhan Mantri Shram Yogi Maan-dhan Yojana, which offer social security benefits. The beneficiaries of PM Vishwakarma may avail social security benefits under these existing Schemes.
|
Ans :
The following are the objectives of the Scheme:
To enable the recognition of artisans and craftspeople as Vishwakarma, making them eligible to avail all the benefits under the Scheme.
To provide skill upgradation to hone their skills and make relevant and suitable training opportunities available to them.
To provide support for better and modern tools to enhance their capability, productivity, and quality of products.
To provide the beneficiaries an easy access to collateral free credit and reduce the cost of credit by providing interest subvention.
To provide incentives for digital transactions to encourage digital empowerment of Vishwakarmas.
To provide a platform for brand promotion and market linkages to help them access new opportunities for growth.
Encouragement to adopt a new digital culture through digital incentives
|
Ans :
Any artisan or craftsperson can apply through:
a)
The artisan should go to the nearest Common Service Centres (CSCs).
b)Helpline number 1800 267 7777 can be contacted.
c)
MSME-Development and Facilitation Offices in the respective States may also be contacted.
|
Ans :
Registration under PM Vishwakarma is free for beneficiaries.
|
Ans :
You can contact the nearest Common Service Centres (CSCs)/ सा मा न्य से वा केंकेंद्र for assistance with the registration process.
|
Ans :
Information such as Aadhaar Number and Bank Account details, among others, should be provided during the application process.
|
Ans :
Upon registration, the beneficiary will receive PM Vishwakarma certificate and ID card as recognition.
|
Ans :
Under PM Vishwakarma, all the beneficiaries will be given Certificates and ID Cards after registration.
|
Ans :
No documents need to be uploaded on the PM Vishwakarma portal. You are required to provide information such as Aadhaar Number and Bank Account details during the application process at the CSC Centre.
|
Ans :
The artisan should be engaged in one of the trades. This verification will be done at 3 levels. Further, to confirm the identity of the person, Aadhaar based biometric authentication will be done in addition to the OTP received on the mobile number of the person.
|
Ans :
To ensure that only genuine artisans engaged in a particular trade or occupation are registered under PM Vishwakarma, a three-stage verification process is in place. The application, whether submitted by the artisan at the Common Service Centre, will undergo the following stages:
First Stage Verification: The application will be sent to the head of the Gram Panchayat/ Chairman of the Village Council, or the Executive Head/Administrator of the Urban Local Body for initial verification.
Second Stage Verification: The application will then be forwarded to the District Implementation Committee, which will carefully vet and recommend applications submitted by beneficiaries.
Final Approval: The Committee will forward the application to the Screening Committee for their approval. Upon their approval, the registration process will be completed, and the artisan will be officially registered under PM Vishwakarma.
|
Ans :
Some reasons could be:
The artisan is not in the age group of 18 years or more on the date of registration.
Any other person of the family like mother or father or a sibling has already registered for the Scheme.
The artisan has already availed credit support under any Central Government Scheme/State Government Scheme in the last 5 years.
The artisan is a Government servant or other person of the family like mother or father or a sibling is in the Government service.
The artisan has defaulted on loan repayment.
|
Ans :
Any individual willing to avail the benefits of the Scheme, may register on the portal www.pmvishwakarma.gov.in or through Common Service Centre (CSC).
|
Ans :
No, neither a Government employee, nor anyone in his family can apply for PM Vishwakarma.
|
Ans :
A family is defined as husband, wife and their unmarried children (minimum 18 years of age).
|
Ans :
Only one member from a family can apply for PM Vishwakarma.
|
Ans :
Any individual willing to apply for the Certificate and ID Card, may register on the portal www.pmvishwakarma.gov.in through Common Service Centre.
|
Ans :
After successful three-step verification and approval, artisans and craftspeople will be registered under this Scheme as Vishwakarmas. They will receive PM Vishwakarma Certificate (both in Digital & Printed form) and PM Vishwakarma ID Card.
|
Ans :
A copy of the certificate can be downloaded from the PM Vishwakarma Portal using the applicant's login credentials.
|
Ans :
All Scheduled Commercial Banks, Regional Rural Banks, Small Finance Banks, Cooperative Banks, Private Sector Banks, Non-Banking Finance Companies and Micro Finance institutions, are eligible to lend under this Scheme.
|
Ans :
The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) will provide graded guarantee coverage for the loans extended by lending institutions on a portfolio basis. The portfolio basis means that the total loans extended by the end of the Financial Year will be considered and a certain percentage will be assigned for providing graded guarantee cover to the banks. This will be done for both the tranches of loan.
|
Ans :
When applying for the PM Vishwakarma Scheme online, the artisan must specify their preferred bank or financial institution, which will then sanction and disburse the loan to the beneficiary after receiving the application and conducting due diligence.
|
Ans :
The artisan can get himself/herself registered in the Scheme by applying on PM Vishwakarma portal through Common Service Centre (CSC). Once, an artisan has completed 5 days basic training, he/she will be eligible for loan as per the scheme guidelines and banking norms.
|
Ans :
i.
The disbursal of credit under the Scheme is linked with attainment of specific milestones of training. The beneficiaries become eligible for the first Loan Tranche of upto Rs.1 lakh on completion of 5-7 days Basic Training provided by MSDE.
ii.
The second Loan Tranche of upto Rs.2 lakhs will be available to beneficiaries who have availed the first tranche loan and maintained standard loan account and have adopted digital transactions in their business or have taken Advanced Training of 15 days or more.
iii.
The beneficiary will be eligible for the second tranche loan when the first tranche loan is fully repaid. Further, the second loan shall not be granted before six months of the disbursement of first tranche loan.
|
Ans :
The first tranche of loan has to repaid in 18 months and the second tranche of loan has to be repaid in 30 months. The beneficiary will be eligible for availing the second tranche loan, when the first tranche loan is fully repaid. Further, the second loan shall not be granted before six months of the disbursement of first tranche loan, which means that the first tranche can be repaid in minimum six months time.
|
Ans :
Concessional rate of interest chargeable to beneficiaries for loan has been fixed at 5%, subject to interest subvention cap upto 8% by the Government of India.
|
Ans :
An artisan is eligible to take another loan under the PM Vishwakarma scheme only, if the previous loan has been repaid. If the loan under MUDRA/ PM SVANidhi has not been repaid, one cannot apply for loan under PM Vishwakarma.
|
Ans :
The loan given under PM Vishwakarma is a collateral free loan. No need of mortgage.
|
Ans :
No guarantee fees will be charged from the beneficiaries.
|
Ans :
There is no penalty for repayment of loan before the scheduled date, subject to the condition that loan is repaid not before 6 months.
|
Ans :
The first loan tranche can be repaid in 18 months and then the artisan is eligible to avail the second tranche of loan. The first tranche can be repaid early but not before six months from the date of disbursement of the loan. The artisan can avail the second tranche after the successful repayment of the first tranche.
|
Ans :
Foreclosure charges will be applied if the First Tranche of the loan is repaid within 6 months
|
Ans :
The bank may take a minimum required time to complete the necessary formalities for loan approval.
|
Ans :
Yes, the loans are eligible for guarantee coverage under the Scheme and the beneficiary is not required to pay any guarantee fee for the loans.
|
Ans :
A person who has availed PMEGP loan cannot apply for PM Vishwakarma. A person having outstanding PM SVanidhi or MUDRA loan also cannot apply. However, those who have repaid PM SVanidhi or MUDRA loans can apply for PM Vishwakarma.
|
Ans :
Yes, but only upon repayment of the loan taken under PM Vishwakarma, a person can avail PMEGP. It is the endeavour of the PM Vishwakarma to not only support our traditional artisans and craftspeople but also enable them to become employment generators utilising the PMEGP.
|
Ans :
Yes, it is mandatory. If a beneficiary does not have a bank account, he/she will be first required to open a bank account for which handholding will be done by CSCs.
|
Ans :
Skill assessment will be conducted at designated Ministry of Skill Development and Entrepreneurship (MSDE) centres as soon as the registered Vishwakarma reports for training. Following the skill assessment, the Vishwakarma will receive a basic training program lasting five to seven days.
|
Ans :
There will be a skill assessment as soon as the Vishwakarma reports for the training. Further, there are two types of training programmes-
a)
Basic training programme: The basic training programme of 5 to 7 days will include basic skilling and entrepreneurship development.
b)
Advanced training programme: The Advanced training programme for 15 days or more which includes fresh skilling, re-skilling and up-skilling in domain conducive for self-employment.
|
Ans :
The training will be conducted in a classroom setting by experienced, certified trainers arranged by MSDE. Additionally, MSDE will engage proficient senior artisans and master craftspeople with high skill levels as master trainers.
|
Ans :
MSDE will make necessary arrangements for training and identify existing infrastructure within the MSDE ecosystem and other ministries.
|
Ans :
Yes, a stipend of Rs 500 per day will be paid during the training period.
|
Ans :
MSDE will arrange board and lodging for training, which will be provided free of cost, along with wage compensation support in the form of a Rs. 500 stipend per day.
|
Ans :
A toolkit incentive of upto Rs. 15,000 will be provided to the beneficiary after Skill Assessment at the start of Basic Training. The incentive will be disbursed to the beneficiaries through e-RUPI/e-vouchers.
|
Ans :
A digital guide and short video tutorials will be provided to Vishwakarmas to familiarize and enable them in skillful handling of the modern tools in their trades.
|
Ans :
A toolkit incentive of upto Rs. 15,000 will only be provided to the beneficiary after Skill Assessment at the start of Basic Training. Further, the purpose of providing improved toolkits as well as the training is complementary which is to empower the artisan with latest technology and learning.
|
Ans :
Toolkit incentive of up to Rs. 15,000 through e-RUPI/e-vouchers will be sent in the mobile. The artisan needs to keep the e-voucher safely with them. It will only be redeemed when the toolkit is delivered to their doorstep, and it is suggested not to share the e-voucher with anyone except the toolkit delivery person from India Post.
|
Ans :
An amount of Re. 1 per eligible digital transaction (up to maximum 100 eligible transactions monthly) will be credited to the beneficiary’s bank account.
|
Ans :
Beneficiaries will receive marketing support in the form of quality certification, branding, advertising, publicity, and other marketing activities to enhance their connection to value chains. This support will be provided based on the beneficiary's chosen area of assistance on the portal, such as fee reimbursement for onboarding on e-commerce platforms, obtaining quality certifications, or participating in trade fairs.
|
Ans :
Yes, the artisans will be encouraged to onboard platforms like Fabindia, GeM, ONDC, etc. This will provide them with encouragement and support in accessing markets. Through these portals, their products will be made available for public procurement.
|
Ans :
Self-employed artisans and craftspeople who work with their hands and tools to make/assemble wooden products or alter/repair wooden fixtures, mostly engaged in traditional/unorganised sector.
|
Ans :
Self-employed artisans and craftspeople who work with their hands and tools to make, assemble, alter and/or repair wooden boats in the unorganized sector.
|
Ans :
Self-employed artisans and craftspeople who manufacture, repair or service various types of arms like swords, shields, knives, helmets, etc. using hands and traditional tools employed in the unorganized sector.
|
Ans :
Self-employed artisans and craftspeople, including blacksmiths, coppersmiths and bronzesmiths, who work with their hands and tools to forge metals like iron, steelo, copper, brass, Aluminum or bronze to get the required shape and size by heating, bending, hammering, etc. to create products in the unorganized sector.
|
Ans :
Self-employed artisans and craftspeople who work with their hands and tools to forge metals like iron to get the required shape and size by heating, bending, hammering, etc. to create hammer and tools in the unorganized sector.
|
Ans :
Self-employed artisans and craftspeople found in small roadside stalls or travelling in streets who use hands and traditional tools like cutter, hammer, needle, threads, etc. in the unorganised sector to assemble, install and repair locks.
|
Ans :
Self-employed artisans and craftspeople also known as Shilpis or Moortikars who work with their hands and tools to carve, break or shape stones into three-dimensional artworks in the unorganized sector.
|
Ans :
Self-employed goldsmiths(sonar) /swarnakars, silversmiths are the artisans and craftspeople who work with their hands and tools to create and design intricate jewellery and ornamental pieces with gold and other precious metals in the unorganized sector.
|
Ans :
Self-employed artisans and craftspeople who work with their hands and tools to create pottery articles by molding clay on a wheel and baking them in a kiln using traditional methods in the unorganized sector.
|
Ans :
Self-employed artisans found in small roadside stalls or travelling in streets who use hands and traditional tools like cutter, hammer, needle, threads, etc. to manufacture, repair, restore and modify footwear.
|
Ans :
Masons are artisans and craftspeople who work with their hands and tools to perform works such as constructing structure using brick/block, plastering, cement, water proofing work, etc. in the unorganized sector. These artisans are also known as Rajmistri.
|
Ans :
Basket Makers are self-employed artisans and craftspeople who weave pliable materials in order to make different types of baskets in the unorganised sector.
Mat Makers/Coir Weavers are self-employed artisans and craftspeople who weave coir and bamboo materials to make items such as Baskets, Mats, etc.
Broom Makers are self-employed artisans and craftspeople who process the bristles collected from various grass or plants such as coconut to make brooms by using tools such as wooden handle, scissors, knife, etc.
|
Ans :
Doll & Toy Makers (Traditional) are self-employed artisans and craftspeople who work with their hands and tools to make Dolls and Toys by using materials such as wool, threads, cotton, wood, etc.
|
Ans :
Self-employed artisans and craftspeople who work with their hands using scissors, blades, combs, shaving creams, etc. to provide grooming services to people, primarily hair cutting, shaving, etc.
|
Ans :
Self-employed artisans who work with their hands to create decorative garlands made of flowers, leaves, or other materials for use at rituals, or cultural or ceremonial occasions. They meticulously arrange and string together these elements, often incorporating different colours and textures, to produce beautiful and fragrant adornments for various cultural, religious, or celebratory purposes.
|
Ans :
Self-employed artisans and craftspeople who work with their hands and provide services such as washing and ironing of clothes to people. They primarily use manual washing techniques, local soaps, wooden stick ‘thapi’ and coal-based irons in the unorganised sector.
|
Ans :
Self-employed artisans and craftspeople who work with their hands using sewing machine, scissors, buttons, fabrics, threads, needles, etc. to stitch and alter various dresses/garments in the unorganized sector.
|
Ans :
Self-employed artisans and craftspeople who work with hands in unorganised sector to craft fishing nets using various materials like ropes, twines, or threads. They employ traditional techniques or modern machinery to weave and knot the nets into specific designs and sizes, ensuring they are strong and durable for catching fish and other aquatic creatures.
|
Ans :
Yes, an artisan can apply for Udyam Registration under the Ministry of MSME (MoMSME). After registration under the PM Vishwakarma Scheme, they are onboarded onto the Udyam Assist Platform, and a UAP certificate is also issued to the beneficiary.
|
Ans :
In case the artisan has a PAN and applies for Udyam registration, he/she will become eligible to avail the benefits of Udyam registration available to all Micro, Small and Medium Enterprises
|
Ans :
Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) is the Implementing agency for providing credit guarantee to the Financial Institution.
|
Ans :
The Toll Free Numbers ‘17923’ or '1800 267 7777' can be contacted. Requester can write to us at support.pmv@winjit.com (for technical issue) and pm-vishwakarma@dcmsme.gov.in.
|
Ans :
The enrolment of beneficiaries shall be done by seeking applications through CSCs at the Gram Panchayat and Urban Local Body level or by online application through the portal.
CSCs will provide handholding support to the beneficiaries to assess their key requirements and opt for benefits available under the Scheme.
|
Ans :
The scheme is for the beneficiaries who have not availed any other scheme benefit for credit in the last 5 years. If the artisan has already obtained an artisan card from other Ministry which was accompanied by a credit support, the artisan is not eligible to avail the benefits.
|
Ans :
The scheme is for the beneficiaries who have not availed any other scheme benefit for credit in the last 5 years. If the artisan has already obtained an artisan card from other Ministry which was accompanied by a credit support, the artisan is not eligible to avail the benefits.
|
|
MSME Innovative Scheme
|
Ans :
MSME Innovative Scheme will be an amalgamation of the Incubation, Design and IPR Schemes of the Ministry of MSME. These erstwhile three schemes will operate as separate verticals with interflows and connections. These verticals will also be integrated sequentially and parallelly into one singular formulation to promote and encourage innovative activities for improved synergy and higher efficiency.
MSME Innovative is a new concept for MSMEs with a combination of innovation in incubation, design intervention and by protecting IPR in a single mode approach to create awareness amongst MSMEs about India’s innovation and motivate them to become MSME Champions. This will act as a hub for innovation activities facilitating and guiding development of ideas into viable business proposition that can benefit society directly and can be marketed successfully.
|
Ans :
- To promote all forms of innovations in the complete value chain from developing ideas into innovative applications through incubation and design interventions.
- To provide appropriate facilities and support for development of concept to market, design competitiveness and protection & commercialization of Intellectual creations of MSME sector.
-To promote a culture of innovation and creative problem solving through knowledge sharing and collaboration amongst industry, academia, government institutions, research laboratories etc.
-To serve as a connecting link between industrial/academia leaders and innovators, in order to encourage new product development and hand-holding.
-To focus on developing affordable innovations that can benefit a large number of people and at the same time being commercially viable and sustainable.
|
Ans :
MSME Innovative scheme has 3 components :
• Incubation
• Design
• IPR
|
Ans :
Detailed guidelines of scheme are available at the link below:-
https://innovative.msme.gov.in/Documents/FinalGuidelines_MSME_Innovative.pdf
|
|
MSME Champions Scheme
|
Ans :
CHAMPIONS stands for Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength. The portal can be accessed at https://champions.gov.in. It is a one-stop place for MSME grievances and handholding of new setups in these difficult times.
|
|
Prime Minister's Economic Package for MSME Sector
|
Ans :
Ans : Keeping in view the hardship faced by MSMEs during COVID 19 pandemic crisis, the government has announced several measures intended to provide the necessary support to deal with the current economic crisis such as:
Rs 3 lakh crore Collateral-free Automatic Loans
Rs 20,000 crore Subordinate Debt for Stressed MSMEs
Rs 50,000 croreEquity infusion for MSMEs through Fund of Funds
Global tenders to be disallowed up to Rs 200 crore
Revised definition of MSMEs
All receivables of MSMEs will be cleared by Government and PSU in 45 days
For more details, please visit the url: Click here for announcement details.
|
Ans :
Existing MSME Classification
|
Criteria: Investment in Plant & Machinery or Equipment
|
|
Classification
|
Micro
|
Small
|
Medium
|
|
Mfg. Enterprises
|
Investment < Rs. 25 lakh.
|
Investment < Rs. 5 cr.
|
Investment < Rs. 10 cr.
|
|
Services
|
Investment < Rs. 10 lakh.
|
Investment < Rs. 2 cr.
|
Investment < Rs. 5 cr.
|
Revised MSME Classification
|
Composite Criteria: Investment and Annual Turnover
|
|
Classification
|
Micro
|
Small
|
Medium
|
Manufacturing
& Services
|
Investment < Rs. 1 cr.
and
Turnover < Rs.5 cr.
|
Investment< Rs. 10 cr.
and
Turnover < Rs.50 cr.
|
Investment< Rs. 50 cr.
and
Turnover < Rs.250 cr.
|
|
Ans :
The Ministry of MSME, Government of India and SIDBI set up the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) with a view to facilitate flow of credit to the MSE sector without the need for collaterals / third party guarantees. The main objective of the scheme is that the lender should give importance to project viability and secure the credit facility purely on the primary security of the assets financed. The Credit Guarantee scheme (CGS) seeks to reassure the lender that, in the event of a MSE unit, which availed collateral - free credit facilities, failing to discharge its liabilities to the lender, the Guarantee Trust would make good the loss incurred by the lender up to 85 per cent of the outstanding amount in default.
The CGTMSE would provide cover for credit facility up to Rs. 200 lakh which have been extended by lending institutions without any collateral security and /or third-party guarantees. A guarantee and annual service fee is charged by the CGTMSE to avail of the guarantee cover. For more details you may visit www.cgtmse.in.
|
Ans :
The objective of TReDS is to create Electronic Bill Factoring Exchanges which could electronically accept and settle bills so that MSMEs could encash their receivables without delay. This will not only give them greater access to finance but will also put greater discipline on corporates to pay their dues on time. For more details you may refer to RBI guidelines for setting up and operating TReDS on their website https://www.m1xchange.com/treds.php.
|
Ans :
The objective of TReDS is to create Electronic Bill Factoring Exchanges which could electronically accept and settle bills so that MSMEs could encash their receivables without delay. This will not only give them greater access to finance but will also put greater discipline on corporates to pay their dues on time. For more details you may refer to RBI guidelines for setting up and operating TReDS on their website https://www.m1xchange.com/treds.php.
|
Ans :
Sellers, buyers and financiers are the participants on a TReDS platform.
|
Ans :
Only MSMEs can participate as sellers in TReDS.
|
Ans :
Corporates, Government Departments, PSUs and any other entity can participate as buyers in TReDS.
|
Ans :
Banks, NBFC - Factors and other financial institutions as permitted by the Reserve Bank of India (RBI), can participate as financiers in TReDS.
|
Ans :
Broadly, following steps take place during financing / discounting through TReDS:
- Creation of a Factoring Unit (FU) - standard nomenclature used in TReDS for invoice(s) or bill(s) of exchange - containing details of invoices / bills of exchange (evidencing sale of goods / services by the MSME sellers to the buyers) on TReDS platform by the MSME seller (in case of factoring) or the buyer (in case of reverse factoring);
- Acceptance of the FU by the counterparty - buyer or the seller, as the case may be;
- Bidding by financiers;
- Selection of best bid by the seller or the buyer, as the case may be;
- Payment made by the financier (of the selected bid) to the MSME seller at the agreed rate of financing / discounting;
- Payment by the buyer to the financier on the due date.
|
Ans :
A Factoring Unit (FU) is a standard nomenclature used in TReDS for invoice(s) or bill(s) of exchange. Each FU represents a confirmed obligation of the corporates or other buyers, including Government Departments and PSUs.
|
Ans :
Banks, NBFC - Factors and other financial institutions as permitted by the Reserve Bank of India (RBI), can participate as financiers in TReDS.
|
Ans :
Broadly, following steps take place during financing / discounting through TReDS:
- Creation of a Factoring Unit (FU) - standard nomenclature used in TReDS for invoice(s) or bill(s) of exchange - containing details of invoices / bills of exchange (evidencing sale of goods / services by the MSME sellers to the buyers) on TReDS platform by the MSME seller (in case of factoring) or the buyer (in case of reverse factoring);
- Acceptance of the FU by the counterparty - buyer or the seller, as the case may be;
- Bidding by financiers;
- Selection of best bid by the seller or the buyer, as the case may be;
- Payment made by the financier (of the selected bid) to the MSME seller at the agreed rate of financing / discounting;
- Payment by the buyer to the financier on the due date.
|
Ans :
A Factoring Unit (FU) is a standard nomenclature used in TReDS for invoice(s) or bill(s) of exchange. Each FU represents a confirmed obligation of the corporates or other buyers, including Government Departments and PSUs.
|
Ans :
In TReDS, FU can be created either by the MSME seller or the buyer. If MSME seller creates it, the process is called factoring; if the same is created by corporates or other buyers, it is called as reverse factoring.
|
Ans :
Yes. The TReDS could deal with both receivables factoring as well as reverse factoring.
|
Ans :
No. The transactions processed under TReDS are “without recourse” to the MSMEs.
|
Ans :
Yes, authorization is required to be obtained from RBI under the Payment and Settlement Systems (PSS) Act, 2007.
|
Ans :
Yes. The KYC process adopted by the TReDS entities shall adhere to the “Master Direction – Know Your Customer (KYC) Direction, 2016” dated February 25, 2016 (as amended from time to time) issued by RBI.
|
Ans :
A settlement file provides information as to how much amount has to be debited from and credited to the accounts of participants (sellers, buyers and financiers), due on a date / time. In other words, it indicates how much a financier has to pay to an MSME seller, and how much a buyer owes to the financier on a date / time. The TReDS entities generate the settlement file and send the same to existing payment systems (for instance, National Automated Clearing House) for actual payment of funds.
|
Ans :
No. Default handling is outside the purview of TReDS platforms.
|
Ans :
As per the extant guidelines, a Micro or Small Enterprise (as defined in the MSMED Act 2006) may be said to have become Sick, if – Any of the borrower account of the enterprise remains NPA for three months or more OR There is erosion in the net worth due to accumulated losses to the extent of 50% of its net worth during the previous accounting year. This criterion enables banks to detect sickness at an early stage and facilitate corrective action for revival of the unit.
|
Ans :
No. If a sick unit is found potentially viable it can be rehabilitated by the banks. The viability of the unit is decided by banks. A unit should be declared unviable only if such a status is evidenced by a viability study.
|
|
Government E-Marketplace
|
Ans :
GeM has taken number of initiatives for procurement of goods and services by Government departments in the fight against COVID-19 Pandemic. A dedicated page for COVID-19 has been created on the portal. You can find more information by visiting here
|
Ans :
On GeM, we are commited to make your journey easy and effective. Multiple resources are available for your better understanding in different formats e.g. Videos / PDF files / FAQs and LMS.Detailed instructions are available in the form of Video Guides on GeM portal. Kindly refer to different aspects of seller process on Seller Videos . You can additionally download help PDFs from top-right corner of video window of any subject. Apart from Hindi and English. We are extending the resources availability in multiple Indian Languages.
|
Ans :
Startup can register its innovative or unique in concept product/service on StartUp Runway by uploading the product details in the Seller Dashboard under #Startupindia link. The seller should be DPIIT (Department for Promotion of Industry and Internal Trade) registered startup.
|
Ans :
Users can download the “GeM Sellers “App from the Play store.
Android App: https://play.google.com/store/apps/details?id=gov.gem.sellers
iOS App: https://apps.apple.com/in/app/gem-sellers/id1611589275
|
Ans :
Please see the training calendar of GeM.
|
Ans :
During registration on GeM, there is an option available for you to select your organisation as a MSE. Then you need to provide UAM and the mobile number or Aadhaar number linked with the UAM.
|
Ans :
No, Aadhaar is no longer mandatory for Seller Registration. Sellers now also have an option to use Personal PAN for Identity Verification while doing the seller registration.
|
Ans :
It is mandatory for all government buyers to purchase a certain percentage of products from MSE every year. Hence, if you are registered as MSME, you have the added benefit of sales.
|
|
Income Tax
|
Ans :
In the context of the COVID-19 situation and with a view to provide immediate relief to the business entities and individuals, it has been decided to issue all the pending income-tax refunds up to Rs. 5 lakhs, immediately. For more information, please refer to the website of Ministry of Finance or visit
|
Ans :
The Central Board of Direct Taxes (CBDT) highlighted on 17.04.2020 that Income tax refunds to nearly 8.2 lakh small businesses (proprietors, firms, corporate and trusts) worth Rs 5,204 Crore have been issued since 8th April 2020. These income tax refunds would help MSMEs to carry on their business activities without pay cuts and layoffs in Covid-19 pandemic situations. Details can be found at
|
|
Goods and Services Tax
|
Ans :
The Union Finance & Corporate Affairs Minister has announced several important relief measures taken by the Government of India in view of COVID-19 outbreak, especially on statutory and regulatory compliance matters related to several sectors. Following measures has been taken w.r.t GST:
-Those having aggregate annual turnover less than Rs. 5 Crore Last date can file GSTR-3B due in March, April and May 2020 by the last week of June 2020. No interest, late fee, and penalty to be charged.
-Others can file returns due in March, April and May 2020 by last week of June 2020 but the same would attract reduced rate of interest @9 % per annum from 15 days after due date (current interest rate is 18 % per annum). No late fee and penalty to be charged, if complied before till 30th June 2020.
-Date for opting for composition scheme is extended till the last week of June 2020. Further, the last date for making payments for the quarter ending 31st March 2020 and filing of return for 2019-20 by the composition dealers will be extended till the last week of June 2020.
-Date for filing GST annual returns of FY 18-19, which is due on 31st March 2020 is extended till the last week of June 2020.
-Due date for issue of notice, notification, approval order, sanction order, filing of appeal, furnishing of return, statements, applications, reports, any other documents, time limit for any compliance under the GST laws where the time limit is expiring between 20th March 2020 to 29th June 2020 shall be extended to 30th June 2020.
-Necessary legal circulars and legislative amendments to give effect to the aforesaid GST relief shall follow with the approval of GST Council.
-Payment date under Sabka Vishwas Scheme shall be extended to 30th June 2020. No interest for this period shall be charged if paid by 30th June 2020.
-The taxpayers who are already in composition scheme, in previous fiscal year are not required to opt in for composition again for FY 2020-2021.
-E-way bills (EWB), whose expiry date lies between 20th March 2020, and 15th April 2020, would also be deemed to be valid till 30th April, 2020.
For regular updates and more information, you may refer the website of Ministry of Finance and Corporate Affairs or visit
|
Ans :
GST is levied on all types of supplies which are – (i) made for a consideration and (ii) are for the purpose of furtherance of business. There are some exceptions when these conditions are not met, yet supply is considered to have been made, for example, interstate stock transfer of goods even without consideration or importation of services even if not in the furtherance of business.
|
Ans :
No, GST will not be levied on alcohol for human consumption. GST on Crude, Motor Spirit (Petrol), High Speed Diesel, Aviation Turbine Fuel and Natural Gas will be levied with effect from a datetobedecidedbytheGSTCouncil.Electricityandsaleoflandandbuildingareexemptedfrom levy of GST. Securities are neither good nor services for the purposes of the WBGST Act, 2017 and therefore supply of securities is not taxable.
|
Ans :
No. Existing registrants of VAT having valid PAN have been issued Provisional ID and password. If you have not received provisional ID, please contact your tax administration to obtain the same. This Provisional Identity Number (PID) would eventually be your GSTIN, when the migration process is completed.
|
Ans :
Provisional GSTIN (PID) would eventually be your final GSTIN. The number would remain the same. Yes, you can use this PID on invoice for making supply without waiting for final GSTIN.
|
Ans :
The taxpayer can himself download the certificate of registration online from the GST common portal
|
Ans :
No, there is no provision requiring that a manufacturer irrespective of threshold or nature of supply to register himself under GST. For example, a manufacturer dealing only in exempted goods or where his turnover is only intra-State and below Rs. 20 lakh is not required to be registered.
|
Ans :
No. In such cases, the registered person shall issue a Bill of Supply and not a tax invoice. The bill of supply is different from a tax invoice both in name and details contained. While most of the details to be provided in a bill of supply are similar to tax invoice, the bill of supply does not contain the rate of tax and the amount of tax charged as the same cannot be collected.
|
Ans :
When goods are transported in semi-knocked down condition, the complete invoice shall be issued before dispatch of the first consignment. Delivery challan shall be issued for subsequent consignments. Original copy of invoice shall be sent along with the last consignment.
|
Ans :
Yes. Composition levy is an alternative method of levy of tax designed for small taxpayers whose turnover is up to Rs. 75 lakhs (Rs.50 lakhs for special category States, excluding J&K and Uttarakhand). It is a kind of turnover tax. The objective of the scheme is to provide a simplified tax payment regime for the small taxpayers. The scheme is optional and is mainly for small traders, manufacturers and restaurants.
|
|
Labour and Employment
|
Ans :
Ministry of Labour & Employment has launched Pradhan Mantri Garib Kalyan Yojana (PMGKY) for the poor to help them fight the battle against Corona Virus Pandemic. Under the scheme, the entire employees EPF contributions (12% of wages) and employers’ EPF & EPS contribution (12% of wages), totaling 24% of the monthly wages for the next three months shall be directly paid by the Central Govt. in the EPF accounts (UAN) of employees, who are already members of EPF Scheme, 1952. For more information on the schemes, please refer the scheme guidelines at
|
Ans :
The Ministry of Labour and Employment has been receiving several queries related to provident funds from the beneficiaries. In this regard, a set of Frequently Asked Questions (FAQs) along with clarifications are provided at Click here
|
Ans :
As per the government announcement on March 26, 2020, an individual can withdraw a certain amount from their Employees' Provident Fund (EPF) account, if he/she is facing financial problems due to the coronavirus-related lockdown. Further details can be found at: Click here https://champions.gov.in/Ministry-of-MSME/FaqspdfURL/Q53.pdf
|
|
Transport and Movement of Essential Goods
|
Ans :
To regulate the movement of goods and people during the COVID-19 lockdown period, advisory has been issued by many State Governments to procure 'curfew/e-passes' for vehicles and individuals. More details can be found at the respective websites of your states.
|
Ans :
For nationwide transportation of essential commodities and other goods, Ministry of Railways has introduced unhindered services of Special Parcel Trains. The details of Parcel Special Trains can be found at
|
Ans :
Standard Operating Procedures (SOPs) for movement of trucks/tankers carrying essential commodities from UT of J&K to Ladakh issued by the Office of the Divisional Commissioner, Ladakh can be found at
|
|
Industrial Regulations
|
Ans :
Finance Minister announces several relief measures relating to Statutory and Regulatory compliance matters across Sectors in view of COVID-19 outbreak including:
No Late Fees on any Filings made from 1st April 2020 to 30th September 2020 (irrespective of the due date of the filing)
Maximum Interval between two board meetings shall be extended by 60 days for the next two quarters. (Up to 30th September 2020).
Newly incorporated companies are required to file a declaration for Commencement of Business within 6 months of incorporation. An additional time of 6 more months shall be allowed.
Every Company is required to have at least one resident director. Such a requirement has been relaxed (Until further notice)
For more information on the measures taken, please visit the website of Ministry of Corporate Affairs or visit :
|
|
Skill Development
|
Ans :
The Ministry conducts various types of training programme through its various organizations for self-employment as well as wage employment. The training programmes are primarily focused to promote self-employment in the country. Thus, all type of programmes have input which provide necessary information and skills to a trainee to enable him to establish his own micro or a small enterprise. The programmes include two-week Entrepreneurship Development Programme (EDP), Six Week Entrepreneurship Skill Development Programme (ESDP). One weak Management Development Programme (MDP), One Day Industrial Motivation Campaign (IMC) etc. For Monitoring of the programme a web-based system has been developed where coordinator of the programme is bound to feed all details of trainees including his photo and phone no. on the website. The same will be linked to the call center of Ministry where real time feedback is obtained from trainees. For further details please visit .
|
Ans :
The Ministry is implementing the Assisting to Training Institutions Scheme which envisages financial assistance for establishment of new institutions (EDIs), strengthening the infrastructure of the existing EDIs and for supporting entrepreneurship and skill development activities. The main objectives of the scheme are development of indigenous entrepreneurship from all walks of life for developing new micro and small enterprises, enlarging the entrepreneurial base and encouraging self-employment in rural as well as urban areas, by providing training to first generation entrepreneurs and assisting them in setting up of enterprises. The assistance shall be provided to these training institutions in the form of capital grant for creation/strengthening of infrastructure and programme support for conducting entrepreneurship development and skill development programmes.
|
|
MSME Schemes
|
Ans :
MSME Technology Centres are equipped with state-of-the-art machinery & equipment. They are engaged in designing and manufacturing of quality tools, which are necessary for producing quality products and improve the competitiveness of MSMEs in national and international markets. They also conduct training programmes to provide skilled manpower to industries specially MSMEs. The placement of trainees trained in Tool Room is more than 90%. There are 18 Technology Centres under DC (MSME), a list of MSME Technology Centres and their details is available in the website http://dcmsme.gov.in/Toolroom_tdcs.htm .
|
Ans :
To enhance the competitiveness amongst the MSMEs, there are six components for capacity building, technology upgradation, design interventions, products, IP rights to improve the productivity and handhold to deliver top quality productivity using lean technologies, to nurture ideas from professional beyond the traditional and to make MSME digitally powered under the umbrella program of Credit linked Capital subsidy Scheme and Technology Upgradation (CLS-TUS)
Lean Manufacturing Competitiveness Scheme for MSMEs: Financial assistance up to Rs. 36 lakh(Max. per mini cluster of 10 units, minimum 4 units for a period 10 months or till the completion)
Zero Defect and Zero Effect: Reimbursement for obtaining National and International standard certification
Digital MSME: Assistance is being provided for business solution software i.e ERP, etc. though e-platforms
Intellectual Property Rights: Reimbursement for registration of patent, trade mark, geographical indication (GI) are:
Domestic Patent: up to Rs. 1 lakh
Foreign Patent: up to TRs. 5 lakh
GI Registration: up to Rs. 2 lakh
Trademark: up to 0.10 lakh
Financial support up to 1.00 Cr. for setting up IP facilitation centres for a period of 5years.
Design Expertise to Manufacturing MSME Sector: Financial assistance to MSMEs for engagement of design consultants for design interventions (for the project range Rs. 15 lakhto Rs. 40 lakh)
Financial assistance of Rs. 1.5 lakh for final year student project done for MSMEs
Support for Entrepreneurs and Managerial Development of MSMEs through incubators: Financial support for untiring for developing of idea: maximum up to Rs. 15.00 lakh Details may be seen at http://www.dcmsme.gov.in/schemes/clcs-tus_scm.htm
The applicant may apply through online portal
|
Ans :
Under the National Manufacturing Competitiveness Programme (NMCP) to enhance the competitiveness of the SMEs sector, O/o DC (MSME) is implementing a scheme “Building Awareness on Intellectual Property Rights (IPR)” for the MSME. The objective of the scheme is to enhance awareness of MSME about Intellectual Property Rights (IPRs) to take measure for the protecting their ideas and business strategies Accordingly, to enable the MSME sector to face the present challenges of liberalization, various activities on IPR are being implemented under this scheme. For further details please visit
|
Ans :
Credit Linked Capital Subsidy Scheme (CLCSS) is for technology upgradation of Micro and Small enterprises (MSEs) in the country.
|
Ans :
The scheme is continued w.e.f.01.04.2017 and implemented as per pre-revised guidelines, the revised guidelines will be effective from 13.08.2019 and its amendments from time to time, the present validity of the CLCS Component of CLCSTU scheme is extended up to 31st March 2020. For more details please visit on the URL:
|
Ans :
The Scheme was launched in the financial year 2000-2001.
|
Ans :
Under the scheme, 15 per cent capital subsidy, limited to maximum of Rs 15 lakh is provided to the eligible MSEs for upgrading their technology with the well-established and improved technology as approved under the scheme.
|
Ans :
51 products/sub-sectors have been approved under the CLCSS till date.
|
Ans :
If you are an MSE manufacturing a product and want to upgrade the technology of manufacturing the product with the well-established and improved technology as approved under the Scheme, the unit can approach to the nodal Banks/Agencies /Eligible financial institution for sanction of term loan for purchase of eligible machinery. The financial institutions /nodal banks/agency will sanction & recommend the subsidy eligible applicant to this office. To know more about this scheme, please follow the link
|
Ans :
Small Industries Development Bank of India (SIDBI), National Bank for Agriculture and Rural Development (NABARD), Canara Bank, Bank of Baroda, Bank of India, The Tamilnadu Industrial Investment Corporation Limited, Chennai (TIICL), Andhra Bank, State Bank of India, Punjab National Bank, Corporation Bank and Indian Bank are the nodal Bank/Agencies for implementation of the CLCSS. Contact details for Nodal Banks/Agencies are available on the official website of this office link i.e. http://www.dcmsme.gov.in/schemes/Faqs.pdf
|
|
|
Ans :
No, till date only Micro and Small-Scale Enterprises (MSEs) (existing & new) are eligible under CLCSS.
|
Ans :
Management Information System (MIS) is being developed for online submission of application.
|
Ans :
Yes, “www.dcmsme.gov.in” under Technology Up- gradation - CLCSS.
|
Ans :
Subsidy is being released to the concerned Nodal bank/agency and subsidy is to be kept in the form of Term Deposit Receipt (TDR) for 3 years by bank after release by Office of DC (MSME) in the concerned unit account and interest amount on the term loan should be reduced accordingly. The beneficiary unit shall remain in commercial production for a period of at least three years after installation of eligible plant & machinery on which subsidy under CLCSS has been availed. If the unit fulfils the condition, the TDR will be transferred to unit's account after three years. Further, it is to clarify that there are two different conditions one is about the commercial production for a period of at least three years after installation of the eligible plant machinery on which subsidy under CLCSS has been availed and another is that Subsidy is to be kept in the form of TDR for 3 years. These two conditions and other conditions stipulated in the extant guidelines are to be fulfilled by the beneficiary/PLIs before release of subsidy in the beneficiary’s account.
|
Ans :
Procurement and Marketing Support scheme has following objectives:
To promote new market access initiatives like organizing / participation in National /International Trade Fairs / Exhibitions I MSME Expo etc.
To create awareness and educate the MSMEs on topics relevant for market access development.
To create more awareness about trade fairs, digital advertising, e-marketing, GST, GEM portal, Public Procurement policy and other related topics etc.
For more details:
|
Ans :
Any Individual Manufacturing/Service MSEs registered at Udyog Aadhar Memorandum (UAM) portal.
|
Ans :
The implementing agencies are:
Office of DC MSME through its field organizations namely MSME Development Institutes and Technology Centers.
Other field organizations of Ministry of MSME namely NSIC, KVIC, Coir Board.
State Governments through its department’s /organizations/ corporations/ autonomous bodies and agencies.
Other central Govt. Ministries through its departments /organizations / corporations /autonomous bodies and agencies.
|
|
|
Ans :
The components of the PMS scheme are mentioned below:
S. No. Scheme Components
A. Participation of individual MSEs in domestic trade fairs/ exhibitions
B. Organizing Domestic Trade Fairs/ Exhibition and participation in trade fairs / exhibitions by the Ministry / Office of DC (MSME) / Government organizations
C. Capacity building of MSMEsin modern packaging technique
D. Development of Marketing Haats
E. Vendor Development Programmes
F. International/National Workshops/Seminars
G. Awareness Programs
Under each scheme component, eligible items and the scale of assistance are defined. It can be accessed at:
|
Ans :
Under the International Cooperation Scheme, financial assistance is provided on reimbursement basis to the State/Central Government organizations, industries/enterprises Associations and registered societies/trusts and organizations associated with MSME for deputation of MSME business delegation to other countries for exploring new areas of MSMEs, participation by Indian MSMEs in international exhibitions, trade fairs, buyer seller meet and for holding international conference and seminars which are in the interest of MSME sectors. Eligible beneficiary organizations can apply to the Ministry directly to avail the assistance under IC Scheme as per Scheme Guidelines. For further details please visit .
|
Ans :
Government Institutions and Registered Industry Associations associated with promotion and development of MSME sector.
|
Ans :
Applications for financial assistance can be sent in the prescribed form to the Director (International Cooperation), Ministry of MSME, Udyog Bhawan, New Delhi-110011. The detailed guidelines of International Cooperation Scheme including application form and claim form are available on the website of the Ministry .
|
Ans :
A cluster is a group of enterprises located within an identifiable and as far as practicable, contiguous area or a value chain that goes beyond a geographical area and producing same/similar products/complementary products/services, which can be linked together by common physical infrastructure facilities that help address their common challenges. The essential characteristics of enterprises in a cluster are (a) Similarity or complementarity in the methods of production, quality control & testing, energy consumption, pollution control, etc., (b) Similar level of technology & marketing strategies/practices, (c) Similar channels for communication among the members of the cluster, (d) Common market & skill needs and/or (e) Common challenges & opportunities that the cluster faces.
|
Ans :
There are 358 items reserved for exclusive purchase from MSE Sector.
|
|
Delayed Payment
|
Ans :
MSME Samadhaan is a Portal created by Office of DC(MSME), Ministry of Micro, Small and Medium Enterprises (MSME) where Micro and Small Enterprises (MSEs) can file their applications online regarding delayed payments portal
|
Ans :
No, MSME SAMADHAAN online portal is developed by Ministry of MSME only to facilitate MSEs filing of their applications regarding delayed payments online. The application once filed is forwarded automatically online to the concerned Micro and Small Enterprise Facilitation Council (MSEFC) established by the State/UTs as per the provisions of MSMED-Act 2006. Action on the applications regarding delayed payment is taken by the concerned MSEFC only.
|
Ans :
No. Only the MSEFCs have been empowered as per MSMED Act, 2006 for taking decisions regarding its reference made with them. This office does not intervene in the matters of MSEFC. In short Ministry of MSME cannot interfere with judicial functioning of MSEFC.
|
Ans :
Yes, UAM is mandatory to file applications online on MSME Samadhaan Portal.
|
Ans :
Registration for Udyog Aadhaar can be done online on the official website of Ministry of MSME free of cost at following address –
|
Ans :
No. MSME Samadhaan Portal has been created only to facilitate online applications regarding delayed payments. Physical applications can also be filed at the concerned MSEFC.
|
Ans :
The applications are converted into case by the concerned MSEFC.
|
Ans :
After submission, the application is automatically forwarded online to concerned MSEFC. Therefore, concerned MSEFC is to be contacted after filing the application online on MSME Samadhaan Portal. The contact address of concerned MSEFC is mentioned on the acknowledgement sent on the registered email of the applicant.
|
Ans :
Yes, work order is compulsory. In case purchase order is oral an affidavit to that effect is to be submitted.
|
Ans :
Multiple invoices can be combined into single PDF and can be uploaded. The affidavit of oral purchase order is to be included in single PDF.
|
|
Finance
|
Ans :
To mitigate the impact on this vital sector, the Reserve Bank of India (RBI), Ministry of Finance, GoI has announced set of relief measures on March 27, 2020. A second set of measures was also announced on April 17, 2020. For more information on these measures, please visit the website of RBI: Click here ;https://champions.gov.in/MyMsme/FaqspdfURL/Q14.pdf
|
Ans :
The Ministry of MSME, Government of India and SIDBI set up the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) with a view to facilitate flow of credit to the MSE sector without the need for collaterals / third party guarantees. The main objective of the scheme is that the lender should give importance to project viability and secure the credit facility purely on the primary security of the assets financed. The Credit Guarantee scheme (CGS) seeks to reassure the lender that, in the event of a MSE unit, which availed collateral - free credit facilities, failing to discharge its liabilities to the lender, the Guarantee Trust would make good the loss incurred by the lender up to 85 per cent of the outstanding amount in default.
The CGTMSE would provide cover for credit facility up to Rs. 200 lakh which have been extended by lending institutions without any collateral security and /or third-party guarantees. A guarantee and annual service fee is charged by the CGTMSE to avail of the guarantee cover. For more details you may visit www.cgtmse.in.
|
Ans :
The objective of TReDS is to create Electronic Bill Factoring Exchanges which could electronically accept and settle bills so that MSMEs could encash their receivables without delay. This will not only give them greater access to finance but will also put greater discipline on corporates to pay their dues on time. For more details you may refer to RBI guidelines for setting up and operating TReDS on their website https://www.m1xchange.com/treds.php.
|
Ans :
Sellers, buyers and financiers are the participants on a TReDS platform.
|
Ans :
Only MSMEs can participate as sellers in TReDS.
|
Ans :
Corporates, Government Departments, PSUs and any other entity can participate as buyers in TReDS.
|
Ans :
Broadly, following steps take place during financing / discounting through TReDS:
Creation of a Factoring Unit (FU) - standard nomenclature used in TReDS for invoice(s) or bill(s) of exchange - containing details of invoices / bills of exchange (evidencing sale of goods / services by the MSME sellers to the buyers) on TReDS platform by the MSME seller (in case of factoring) or the buyer (in case of reverse factoring);
Acceptance of the FU by the counterparty - buyer or the seller, as the case may be;
Bidding by financiers;
Selection of best bid by the seller or the buyer, as the case may be;
Payment made by the financier (of the selected bid) to the MSME seller at the agreed rate of financing / discounting;
Payment by the buyer to the financier on the due date.
|
Ans :
A Factoring Unit (FU) is a standard nomenclature used in TReDS for invoice(s) or bill(s) of exchange. Each FU represents a confirmed obligation of the corporates or other buyers, including Government Departments and PSUs.
|
Ans :
In TReDS, FU can be created either by the MSME seller or the buyer. If MSME seller creates it, the process is called factoring; if the same is created by corporates or other buyers, it is called as reverse factoring.
|
Ans :
Yes. The TReDS could deal with both receivables factoring as well as reverse factoring.
|
Ans :
No. The transactions processed under TReDS are “without recourse” to the MSMEs.
|
Ans :
Yes, authorization is required to be obtained from RBI under the Payment and Settlement Systems (PSS) Act, 2007.
|
Ans :
Eligibility criteria for the purpose of setting up and operating a TReDS platform is provided in the guidelines (as amended from time to time) for TReDS issued by RBI. These guidelines are available at the following path: www.rbi.org.in →“Payment and Settlement Systems” dropdown →“Guidelines”. RBI’s Press Release dated October 15, 2019 may also be read in this regard. The same can be accessed at the following web links: https://champions.gov.in/MyMsme/FaqspdfURL/Q27_1.pdf and https://champions.gov.in/MyMsme/FaqspdfURL/Q27_2.pdf
|
Ans :
No. If a sick unit is found potentially viable it can be rehabilitated by the banks. The viability of the unit is decided by banks. A unit should be declared unviable only if such a status is evidenced by a viability study.
|
Ans :
As per the extant guidelines, a Micro or Small Enterprise (as defined in the MSMED Act 2006) may be said to have become Sick, if – Any of the borrower account of the enterprise remains NPA for three months or more OR There is erosion in the net worth due to accumulated losses to the extent of 50% of its net worth during the previous accounting year. This criterion enables banks to detect sickness at an early stage and facilitate corrective action for revival of the unit.
|
Ans :
No. Default handling is outside the purview of TReDS platforms.
|
Ans :
A settlement file provides information as to how much amount has to be debited from and credited to the accounts of participants (sellers, buyers and financiers), due on a date / time. In other words, it indicates how much a financier has to pay to an MSME seller, and how much a buyer owes to the financier on a date / time. The TReDS entities generate the settlement file and send the same to existing payment systems (for instance, National Automated Clearing House) for actual payment of funds.
|
Ans :
Yes. The KYC process adopted by the TReDS entities shall adhere to the “Master Direction – Know Your Customer (KYC) Direction, 2016” dated February 25, 2016 (as amended from time to time) issued by RBI.
|
Ans :
List of all authorized Payment System Operators (PSOs), including TReDS, is available at the following path: www.rbi.org.in →“Payment and Settlement Systems” dropdown →“Information Useful to Customer”→“List of Authorised Entities – Payment System Operators”. Following is the web link for accessing the same: https://champions.gov.in/MyMsme/FaqspdfURL/Q28.pdf
|
|
Emergency Credit Line Guarantee Scheme of Rs. 3 lakh crore
|
Ans :
The GECL is a loan for which 100% guarantee would be provided by National Credit Guarantee Trustee Company (NCGTC) to Member Lending Institutions (MLIs), and which will be extended in the form of additional working capital term loan facility in case of Scheduled Commercial Banks (SCBs) and Financial Institutions (FIs), and additional term loan facility in case of Non-Banking Financial Companies (NBFCs), to eligible MSMEs/ Business Enterprises and interested Pradhan Mantri Mudra Yojana (PMMY) borrowers. Credit under GECL would be up to 20% of the borrower’s total outstanding credit up to Rs. 25 crore, excluding off-balance sheet and non-fund based exposures, as on 29th February, 2020, i.e., additional credit shall be up to Rs. 5 crore.
|
Ans :
The Scheme is a specific response to the unprecedented situation COVID-19. It seeks to provide much needed relief to the MSME sector by incentivizing MLIs to provide additional credit of up to Rs. 3 lakh crore at low cost, thereby enabling MSMEs to meet their operational liabilities and restart their businesses.
|
Ans :
The Emergency Credit Line Guarantee Scheme provides 100% guarantee coverage by NCGTC to MLIs on GECL of up to Rs. 3 lakh crore to eligible MSMEs. MSMEs for the purpose of this Scheme will include MSMEs/ Business Enterprises which are constituted as Proprietorships, Partnerships, Registered Companies, Trusts and Limited Liability Partnerships (LLPs), and also interested borrowers under PMMY.
|
Ans :
All SCBs are eligible as MLIs. NBFCs which have been in operation for at least 2 years as on 29.2.2020, and FIs will also be eligible as MLIs under the Scheme.
|
Ans :
FIs for the purpose of this Scheme will be as defined under sub-clause (i) of clause (c) of Section 45-I of RBI Act.
|
Ans :
The Scheme would be applicable to all loans sanctioned under GECL during the period from May 23, 2020 to 31st October 2020, or till an amount of Rs. 3 lakh crore is sanctioned under GECL, whichever is earlier.
|
Ans :
The entire funding provided under GECL shall be provided with a 100% credit guarantee coverage by NCGTC under the Scheme.
|
Ans :
The eligibility criteria under the Scheme are as under:
• All MSME borrower accounts with combined outstanding loans across all MLIs of up to Rs. 25 crore as on 29.2.2020, and annual turnover of up to Rs. 100 crore in FY 2019-20. In case accounts for FY 2019-20 are yet to be audited/finalized, the MLI may rely upon the borrower’s declaration of turnover.
• The Scheme is valid only for existing customers on the books of the MLI. Borrower accounts should be classified as regular, SMA-0 or SMA-1 as on 29.2.2020. Accounts classified as NPA or SMA-2 as on 29.2.2020 will not be eligible under the Scheme.
• The MSME borrower must be GST registered in all cases where such registration is mandatory
• This condition will not apply to MSMEs that are not required to obtain GST registration. • Loans provided in individual capacity will not be covered under the Scheme.
|
Ans :
Yes, loans under PMMY extended on or before 29.2.2020, and reported on the MUDRA portal shall be covered under the Scheme.
|
Ans :
A separate loan account shall be opened for the borrower for extending additional credit under GECL. This account will be distinct from the existing loan account(s) of the borrower
|
Ans :
This is a pre-approved loan. An offer will go out from the MLI to the eligible borrowers for a preapproved loan which the borrower may choose to accept. If the MSME accepts the offer, it will be required to complete requisite documentation. Thus, an ‘opt-out’ option will be provided to eligible borrowers under the Scheme, i.e., if the borrower is not interested in availing the loan, he/she may indicate accordingly.
|
Ans :
In case a borrower has existing limits with multiple lenders, GECL may be availed either through one lender or each of the current lenders in proportion depending upon the agreement between the borrower and the MLI.
• In case the borrower wishes to take from any lender an amount more than the proportional 20% of the outstanding credit that the borrower has with that particular lender, a No Objection Certificate (NOC) would be required from all other lenders.
• No NOC will, however, be required if the GECL availed from a particular lender is limited to the proportional 20% of the outstanding credit that the borrower has with that lender.
|
|
|
Ans :
Yes, interest rates on GECL shall be capped as under:
• For Banks and FIs, one of the RBI prescribed external benchmark linked rates +1% subject to a maximum of 9.25% per annum
• For NBFCs, the interest rate on GECL shall not exceed 14% per annum
The Scheme may also be operated in combination with applicable interest subvention schemes, as far as feasible.
|
Ans :
The tenor of loans provided under GECL shall be four years from the date of disbursement. No pre-payment penalty shall, however, be charged by the MLIs in case of early repayment.
|
Ans :
Yes, a moratorium period of one year on the principal amount shall be provided for GECL funding. Interest shall, however, be payable during the moratorium period. The principal shall be repaid in 36 instalments after the moratorium period is over.
|
Ans :
Indicative turnaround time for loans under the Scheme shall be the same as those prescribed by Department of Financial Services for credit support in the context of COVID-19 pandemic.
|
Ans :
No, NCGTC will not charge any guarantee fee under the Scheme
|
Ans :
Since additional credit under GECL is to be provided to existing customers, no additional processing fee shall be charged by lenders.
|
Ans :
No additional collateral shall be asked by MLIs for additional credit extended under GECL.
|
Ans :
No. Existing loans extended through current Government schemes would continue to be categorized under that scheme as earlier. GECL under this Scheme shall be over and above the existing loan.
|
Ans :
Approval of RBI has been requested for assigning zero risk weight to the credit extended under GECL.
|
Ans :
The credit under GECL will rank second charge with the existing credit facilities in terms of cash flows (including repayments) and securities, with charge on the assets financed under the Scheme to be created within a period of 3 months from the date of disbursal.
|
Ans :
Yes, MLIs will be required to submit an Undertaking to NCGTC for the purpose of this Scheme
|
Ans :
75% of the guaranteed amount will be paid by NCGTC within 30 days of an eligible claim being preferred by the MLI concerned. The balance 25% will be paid on conclusion of recovery proceedings or till the decree gets time barred, whichever is earlier.
|
Ans :
NCGTC has issued the detailed operational guidelines for the Scheme. The Management Committee for ECLGS fund will have the authority to approve any changes to the current structure of the Scheme/ operational guidelines.
|
Ans :
You are eligible if:
(i) you have total credit outstanding of Rs. 25 Crore or less as on 29th Feb 2020
(ii) Your turnover for 2019-20 was up-to Rs. 100 Cr.
(iii) You have a GST registration or were not required to obtain such GST registration Udyog Aadhar or recognition as MSME is not required under this Scheme
|
Ans :
Under ECLGS, Banks/ NBFCs are to offer loans up-to 20%. Actual loan extended can therefore be less than 20%. This is generally on mutually agreed terms between the borrower and the lender based on factors relevant to the business operations.
|
Ans :
No please. Typically, lending institutions get funds from banks/ NBFCs through on lending, refinance, asset purchase, securitization, assignment etc. There are therefore other windows available including the Partial Credit Guarantee Scheme and the Special Liquidity Facility
|
Ans :
No. The NBFC must be registered with RBI, should be meeting the CRAR requirements prescribed by RBI and have been in lending business for at least two years as on 29th Feb 2020. The Managing Committee of the Scheme may prescribe additional qualification criteria from time to time.
|
Ans :
This will be advised in due course through additional guidelines to be issued.
|
Ans :
ECLGS scheme is only for existing borrowers on the books of the banks as on 29th Feb 2020. Any New borrowers should be covered under ongoing CGTMSE and NCGTC schemes
|
Ans :
For loans having co-applicant, only those existing loans where entity is the primary co-applicant are covered under the Scheme for additional emergency funding
|
Ans :
No, the scheme does not cover the off-balance sheet exposure. Only on balance sheet exposures outstanding as on 29th Feb, 2020 are eligible to be covered under the scheme.
|
Ans :
As per RBI guidelines dated September 04, 2019 & February 26, 2020, all loans to MSMEs must be benchmarked to one of the external benchmark rates. Banks are free to decide the spread over the external benchmark as per their approved policies. Accordingly, loans under the ECLGS must adhere to the above-mentioned guidelines and linked to the external benchmark rates.
As part of the scheme overall lending rate is capped 1% above the external benchmark lending rate or 9.25% p.a. whichever is lower. Loans which are allowed not to be benchmarked to external rates shall be capped at maximum of 9.25%.
For e.g. for Bank ABC External Benchmark Lending Rate is 7.80 %; i.e. RBI Repo Rate (4.0%) + Spread (3.80%). For the purpose of this scheme the lending rate would be Min of (7.8% + 1% = 8.8% and 9.25%) = 8.8% in this case.
For e.g. for Bank ABC1 External Benchmark Lending Rate is 8.50 %; i.e. RBI Repo Rate (4.0%) + Spread (4.50%). For the purpose of this scheme the lending rate would be Min of (8.5% + 1% = 9.5% and 9.25%) = 9.25% in this case.
|
Ans :
Accounts that are NPA or where overdues have crossed 60 days (SMA-II) are not eligible under ECLGS.
|
Ans :
While a NBFC lender can charge a rate of interest higher than 14%, such a loan would not be eligible for guarantee coverage.
|
Ans :
As per the system developed by us for issue of guarantee under ECLGS, once a lender enters the details of the loan sanctioned to an eligible borrower as per the scheme guidelines, the system shall approve the guarantee automatically and will provide Application Reference No. and Credit Guarantee Number to the lender, which shall be used by the lender for later references.
No documents are sought at the time of application lodgment of guarantee.
|
Ans :
The guarantee is available to the existing lender for the additional loan extended during the specified period. Thus, the lenders on whose book these borrowers are currently can provide these facilities provided the borrowers meet all the eligible conditions as defined in the scheme guidelines. It should be noted that the eligible amount for loan under ECLGS is 20% of the outstanding amount as on 29th Feb 2020. The buyer of the pool should be an MLI under the Scheme.
|
Ans :
The facilities provided under ECLGS are eligible for securitization. Since the facility is to be opened as a separate loan account it can be treated at par with normal loans for securitization purpose. Other conditions of eligibility must be fulfilled.
|
Ans :
If the underlying loan is unsecured in nature, no charge is required to be created/extended.
|
Ans :
Mere transfer of loan from one lender to the other will not invalidate the customer or reduce the maximum loan eligibility available to such customer under this scheme, provided the lender taking over is also eligible under the scheme as per the criteria defined in the scheme guidelines. MLIs should note that the overall loan under the scheme will be capped at overall outstanding as on 29th Feb, 2020
|
Ans :
MSME portfolio of HFC will be eligible. All MSME Loans must be given to entities which are eligible to be covered and provided other eligibility conditions are fulfilled.
|
Ans :
No format has been prescribed under the scheme. MLIs may use whatever they have been following till now
|
Ans :
The Credit Guarantee from NCGTC would be unconditional and irrevocable.
|
Ans :
As per the GoI scheme of ECLGS, loans extended by Member Lending Institutions and covered under the proposed scheme shall be provided 100% guarantee cover. GoI has already requested RBI to assign zero risk weight to such loans.
|
Ans :
No, it would not become void. Eligibility is reckoned at the time of sanction of the loan. Clause 6 of the Undertaking furnished by MLIs shall therefore stand deleted.
|
Ans :
Please address your queries/suggestions to ceo@ncgtc.in
|
|
Employment Provident Fund Organization (EPFO)
|
Ans :
Any member of EPF Scheme, 1952 with UAN (Universal account number) employed in any establishment or factory covered under EPF & MP Act, 1952.
|
Ans :
That a new sub-para (3) has been inserted in Paragraph 68L of the EPF Scheme, 1952 through GSR No.225(E) published in the Gazette of India (Extraordinary), Part II- Section 3- sub section (1) on 28.03.2020 to provide for benefit.
|
Ans :
It is to provide for non-refundable advance from their EPF account to EPF members, employed in factory or establishment located in an area, which is declared to be affected by outbreak of epidemic or pandemic by the Appropriate Govt.
|
Ans :
Since COVID-19 has been declared a Pandemic by the Appropriate Government for the entire country and therefore the employees working in establishments and factories across entire India, who are members of the EPF Scheme, 1952, are eligible.
|
Ans :
No certificate or documents are to be submitted by member or his/her employer for availing the benefit.
|
Ans :
You can get non-refundable withdrawal to the extent of the basic wages and dearness allowances for three months or up to 75% of the amount standing to your credit in the EPF account, whichever is less. The amount standing to credit in EPF includes employee’s share, employer’s share and interest thereupon.
Since withdrawal is non-refundable, there is no requirement to refund the amount.
|
Ans :
If the balance in member’s EPF account as on date is Rs.50,000/- and monthly basic wage and dearness allowance is Rs.15,000/- 75% of balance of Rs.50000/- is Rs.37,500/- & amount of three months wage is Rs.45000/- So member is eligible to get Rs.37,500/- the least of two amounts.
|
Ans :
Like claim for all other types of advances, the claim for this advance also can be filed Online if your UAN is validated with Aadhaar and KYC of Bank account and Mobile number is seeded in UAN.
|
Ans :
On the home page of website- www.epfindia.gov.in, under the TAB “COVID-19” on top right-hand corner, instructions for filing online advance claim is hosted.
The process is also noted below:
a. Login to Member Interface of Unified Portal (https://unifiedportalmem.epfindia.gov.in/memberinterface)
b. Go to Online Services>>Claim (Form-31,19,10C & 10D)
c. Enter last 4 digits of your Bank Account and verify
d. Click on “Proceed for Online Claim”
e. Select PF Advance (Form 31) from the drop down
f. Select purpose as “Outbreak of pandemic (COVID-19)” from the drop down
g. Enter amount required and Upload scanned copy of cheque and enter your address h. Click on “Get Aadhaar OTP”
i. Enter the OTP received on Aadhaar linked mobile.
j. Claim is submitted
|
Ans :
Yes, from your mobile phone you can either
i) login to (https://unifiedportal-mem.epfindia.gov.in/memberinterface) and follow steps a. to j as in Ans to Q9 to file claim OR
ii) Through UMANG (Unified Mobile Application for New-age Governance) Mobile APP Home> EPFO> Employee Centric Services> Raise Claim> Login with your UAN and OTP received on your mobile number registered with UAN to file claim
|
Ans :
The “Terms and conditions of exemption” in Para 27AA of EPF Scheme, 1952, provides that any amendment to EPF Scheme, 1952, which is more beneficial to the employees becomes applicable to exempted establishments pending formal amendment of Trust Rules.
So, employee of an exempted establishment can withdraw from his PF account maintained with the PF Trust of the establishment by making application to the PF Trust
|
Ans :
Yes. This advance can be availed irrespective of advances availed earlier.
|
Ans :
Income Tax is not applicable on any advance availed under EPF Scheme.
|
Ans :
To enable submission of fresh claim for availing this advance, the earlier claim under submission needs rejection. Please send request on email of your jurisdictional Regional Office for rejection of earlier form 31 submitted.
|
Ans :
Claims for advance to fight COVID-19 pandemic are being processed on priority considering exigency of the situation.
|
Ans :
The claim for this advance can be filed Online if your UAN is validated with Aadhaar and KYC of Bank account and Mobile number is seeded in UAN. You are requested to complete your KYC by submitting same on Member Portal. If your basic details that is name, date of birth and gender against UAN are same as that in Aadhar, you can link your Aadhar through eKYC Portal. In case of mis-match in KYC details and details in EPF account, please submit online request for demographic detail correction through your employer. The bank account details has to be digitally approved by the employer. For submitting your claim online our aadhar linked mobile will get OTP. So, your aadhar should be linked with a mobile
|
Ans :
Withdrawal to the extent of the basic wages and dearness allowances for three months or up to 75% of the amount standing to your credit in the EPF account, whichever is less, is maximum permissible limit. You can apply for lesser amount also.
|
Ans :
No. You have to apply specifically for advance to fight COVID-19 pandemic.
|
Ans :
Yes. Advance to fight COVID-19 pandemic are being settled on priority to mitigate hardship faced by members.
|
Ans :
Yes. You can avail this advance while still in service.
|
|
Mudra Scheme
|
Ans :
MUDRA, which stands for Micro Units Development & Refinance Agency Ltd., is a financial institution set up by Government of India for development and refinancing of micro units enterprises. It was announced by the Hon’ble Finance Minister while presenting the Union Budget for FY 2016. The purpose of MUDRA is to provide funding to the non-corporate small business sector through various Last Mile Financial Institutions like Banks, NBFCs and MFIs.
|
Ans :
The biggest bottleneck to the growth of entrepreneurship in the Non–Corporate Small Business Sector (NCSBS) is lack of financial support to this sector. More than 90% of this sector does not have access to formal sources of finance. GoI is setting up MUDRA Bank through a statutory enactment for catering to the needs of the NCSBS segment or the informal sector for bringing them in the mainstream.
|
Ans :
MUDRA would be responsible for refinancing all Last Mile Financiers such as Non-Banking Finance Companies, Micro Finance Institutions, Societies, Trusts, Section 8 Companies [formerly Section 25], Small Finance Banks and Regional Rural Banks which are in the business of lending to micro/small business entities engaged in manufacturing, trading and services activities as well as agri-allied activities. MUDRA would also partner with State/Regional level financial intermediaries to provide finance to Last Mile Financier of small/micro business enterprises.
|
Ans :
Under the aegis of Pradhan Mantri MUDRA Yojana (PMMY), MUDRA has already created its initial products / schemes. The interventions have been named ‘Shishu’, ‘Kishor’ and ‘Tarun’ to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also to provide a reference point for the next phase of graduation / growth to look forward to. The financial limit for these schemes are:-
a. Shishu : covering loans upto 50,000/-
b. Kishor : covering loans above 50,000/- and upto 5 lakh
c. Tarun : covering loans above 5 lakh to 10 lakh
MUDRA’s delivery channel is conceived to be through the route of refinance primarily to Banks/NBFCs/MFIs.
At the same time, there is a need to develop and expand the delivery channel at the ground level. In this context, there is already in existence, a large number of ‘Last Mile Financiers’ in the form of companies, trusts, societies, associations and other networks which are providing informal finance to small businesses.
|
Ans :
Non–Corporate Small Business Segment (NCSB) comprising of millions of proprietorship / partnership firms running as small manufacturing units, service sector units, shopkeepers, fruits / vegetable vendors, truck operators, food-service units, repair shops, machine operators, small industries, artisans, food processors and others, in rural and urban areas.
|
Ans :
Yes, MUDRA is extending refinance support to RRBs
|
Ans :
MUDRA is a refinancing agency which will extend its funds to Last Mile Financiers to enable them to reach out to the sector. Access to finance in conjunction with rational price is going to be the unique customer value proposition of MUDRA. It will use a variety of innovative financing means including technology to bring down the cost of funding for the ultimate borrower.
|
Ans :
MUDRA does not lend directly to individual borrowers. MUDRA loan is available through Banks/NBFCs/MFIs for such activities. All kind of manufacturing, trading and service sector activities can get MUDRA loan. Loans are categorised into Shishu, Kishor and Tarun. These products have been designed to cater to customers operating at the lower end of the enterprise spectrum. The loans are extended through MFIs, NBFCs, Banks, etc.
|
Ans :
MUDRA loans are available in three categories. For small business, loans upto 50000/- /- is available under the 'Shishu' category and beyond 50,000 and up to 5 lakh under the 'Kishor' category. It also offers loans beyond 5 lakh and up to 10 lakh under the Tarun category. Depending on the nature of business and project requirement you can access finance from one of the intermediaries of MUDRA as per the norms.
|
Ans :
Food Processing is an eligible activity for coverage under one of the MUDRA schemes. You can avail of assistance under MUDRA schemes for food processing from any financing banks/MFIs/NBFCs.
|
Ans :
You can avail assistance under the ‘Shishu’ category through any banks/NBFCs/MFIs operating in your region, for setting up your own enterprise.
|
Ans :
MUDRA refinance scheme also covers traders and shopkeepers. You can avail the facilities under the scheme as per your requirements from any banks/MFIs/NBFCs in the area.
|
Ans :
You can avail assistance under the 'Shishu' category through any banks/NBFCs/ MFIs operating in your region for setting up your own enterprise.
|
Ans :
Pradhan Mantri Mudra Yojana (PMMY) loans are extended by all Public Sector Banks such as PSU banks, Regional Rural Banks (RRBs), Small Finance Banks, Private Sector Banks, Foreign Banks, Micro Finance Institutions and Non-Banking Finance Companies. All loans sanctioned on or after April 08, 2015 up to a loan size of Rs.10 lakh for non-farm income generating activities are branded as PMMY loans.
|
Ans :
Monitoring of PMMY progress at the State level will be done through SLBC forum and at National level by MUDRA/Department of Financial Services, Government of India. For this purpose, MUDRA has developed a portal, wherein the Banks and other lending institutions directly feed their achievement details which are consolidated by the system and reports are generated for review.
|
Ans :
Pradhan Mantri Mudra Yojana is a Government of India scheme, which enables a small borrower to borrow from banks, MFIs, NBFCs for loans upto Rs.10 lakh for non farm income generating activities. Generally, loans upto Rs. 10 lakh issued by banks under Micro Small Enterprises is given without collaterals.
|
Ans :
Carpentary and RO water plant installation, as a business mode, are eligible activities under MUDRA loan, if the loan amount is up to Rs.10 lakhs. The primary requirement for availing a MUDRA loan is to utilize it for an income generating activity under manufacturing, processing, trading and service sector as well as agri-allied activities and the loan amount is up to Rs.10 lakhs.
|
Ans :
Any Indian Citizen who has a business plan for a non-farm income generating activity such as manufacturing, processing, trading or service sector whose credit need is up to 10 lakh can approach either a Bank, MFI or NBFC for availing of MUDRA loans under PMMY. The usual terms and conditions of the lending agency may have to be followed for availing of loans under PMMY. The lending rates are as per the RBI guidelines issued in this regard from time to time.
|
Ans :
There is no subsidy for the loan given under PMMY at present.. As and when a subsidy scheme is launched by the Govt. for PMMY beneficiaries, the same would be publicized by MUDRA Ltd. Further, if the loan proposal is linked to some Government scheme, wherein the Govt. if providing capital subsidy, it will be eligible under PMMY also.
|
Ans :
MUDRA which stands for Micro Units Development and Refinance Agency Ltd is a refinance agency and not a direct lending institution. MUDRA provides refinance support to its intermediaries viz. Banks, Micro Finance Institutions and NBFCs, who are in the business of lending for income generating activities in the nonfarm sector in manufacturing, processing, trading or service sector and who in turn will finance the beneficiaries.
|
Ans :
MUDRA Card is an innovative credit product wherein the borrower can avail of credit in a hassle free and flexible manner. It will provide a facility of working capital arrangement in the form of CC/OD to the borrower. Since MUDRA Card will be RuPay debit card, it can be used for drawing cash from ATM or Business Correspondent or make purchase using Point of Sale (POS) machine. Facility is also there to repay the amount, as and when, surplus cash is available, thereby reducing the interest cost.
|
Ans :
Yes. MUDRA Yojana is aimed at supporting all kind of income generating activities under manufacturing, processing, trading and service sector. Assistance can be availed under Micro Credit Scheme through any of the Micro finance institutions/Non-Banking Financial Companies/ Banks operating in the area.
|
Ans :
The terms and conditions of the loan will be governed by the rules of the lending institution and the broad guidelines of RBI. The guidance regarding the documents needed may be obtained from any of the lending institutions in your locality.
|
Ans :
Any grievance against non-consideration of MUDRA loan can be registered with the higher authorities in the respective Bank like Regional Manager/Zonal Manager of the Bank, provided there is any lapse from the bank officials in sanctioning the loan.
|
Ans :
As per the recommendations of the Working Group constituted by RBI for reviewing the Credit Guarantee Schemes for Micro Small Enterprises and accepted by RBI, Banks have been mandated not to insist for collateral security in the case of loans upto 10 lakh extended to the units in the Micro Small Enterprises sector.
|
Ans :
Yes. In respect of Shishu category, a one page application format has been designed which has been posted in MUDRA website. In respect of Kishor and Tarun category, a three-page indicative application format has been designed and the same is also posted in MUDRA website.
|
Ans :
Yes. Mudra loans are applicable for any activity which results in income generation. As khadi is one of the eligible activities under textile sector and in case mudra loans are taken for income generation, the same can be covered.
|
Ans :
The terms and conditions of the loan will be governed by the rules and regulations of the lending institution and the broad guidelines of RBI. The lending institution will be processing the loan request, based on the merits of the proposal only. The loan amount will be decided by the requirement of the proposed income generating activity. The repayment terms will be governed by the cash flow of the enterprise and the eligibility of the borrower will be decided by the norms of lending institutions.
|
Ans :
Yes. Department of Financial Services (DFS) vide its letter dated May 14, 2015 have advised all PSBs, RRBs and Small Finance Banks regarding roll out of PMMY and to cover all loans upto loan size of Rs.10 lakh sanctioned on or after April 08, 2015 for income generation under PMMY. DFS have also been issuing various instructions including fixing of targets branch wise to the Head Offices of the Banks which has been advised to percolate the same to their zonal/regional/branch offices.
|
Ans :
Life insurance is not mandatory for loans under PMMY. However, the terms and conditions of lending under PMMY are based on the lending policy of the respective lending institution.
|
Ans :
PAN card is not compulsory to avail PMMY loans. However, the borrower may have to satisfy the KYC requirements of the financing institutions.
|
Ans :
The interest rates are deregulated and the banks have been advised to charge reasonable interest rates within the overall RBI guidelines.
|
Ans :
The matter may be escalated to higher authorities within the respective bank. The applicant can also approach another bank or NBFC/MFI operating in the area for the loan requirement.
|
Ans :
Any Indian Citizen, who is eligible to avail of loan and has a business plan for income generating activity, can avail of MUDRA loan. The loan proposal should be for setting up of a new/upgrading an existing Micro business enterprises in the manufacturing, processing, trading and service sector.
|
Ans :
Mudra loans are available for purchase of cng tempo/taxi, in case the applicant intends to use the vehicle for commercial purposes.
|
Ans :
Compliant against any bank branch can be registered with the Regional Office/Zonal Office/Head office of the respective bank. The details of the Grievance Redressal Mechanism of each bank will be available at the Bank branch.
|
Ans :
Generally, IT returns are not insisted for small value loans. However, the requirement of documents will be advised by the concerned lending institutions based on their internal guidelines and policies.
|
Ans :
For shishu loans, normally the turn-around-time for processing the loan proposals on receipt of complete information is 7 to 10 days.
|
Ans :
Any individual including women, proprietary concern, partnership firm, private limited company or any other entity are eligible applicant under PMMY loans, whose loan requirement is up to Rs. 10 lakh.
|
|
Announcements made under Special Economic Package
|
Ans :
Mudra Shishu loans covers loans upto Rs. 50,000/-. Yes, interest subvention of 2% for prompt payees for a period of 12 months to MUDRA Shishu loanees have been announced recently
For more details:
|
|
Prime Minister’s Employment Generation Programme (PMEGP)
|
|
|
Ans :
No, it is not eligible.
|
|
|
Ans :
300 model projects uploaded on PMEGP Portal
|
|
|
Ans :
As per RBI guidelines the project costing upto Rs.10.00 lakhs under PMEGP loans are free from collateral security. The CGTSME provides collateral guarantee for the project beyond Rs.5.00 lakhs and upto Rs.50.00 lakhs under PMEGP scheme.
|
Ans :
Any area classified as Village as per the revenue record of the State, irrespective of the population. All areas covered under Panchyati Raj are included as rural areas. Areas falling under municipality are classified as urban areas.
|
Ans :
yes, Industry wise model projects are available on PMEGP Portal
|
Ans :
List of EDP training centers including 582 training center of RSETI/RUDSETIS are available on PMEGP Portal
|
Ans :
Any adult beneficiary above 18 years is eligible for financing under PMEGP.
|
Ans :
It should fulfill the criteria of rural area (for Rural Area project), per capita investment, own contribution, negative list and the unit should be new one
|
Ans :
Before Claim through PMEGP portal ,EDP training of at least 5 days for projects with project cost up to Rs.5 lakh and for project with cost above Rs.5 lakh, the duration of EDP would be at least 10 days. No EDP training will be mandatory for projects up to Rs. 2 Lakh.
|
Ans :
Working Capital at least once should touch 100% limit of Cash Credit within three years of Lock-in period of Margin Money and not less than 75% of the utilization of the sanction limit on an average.
|
Ans :
A Beneficiary can submit his/her application/Project online on kvic website www.kvic.org.in / kviconline.gov.in/pmegpeportal. List of office addresses of KVIC/KVIB/DIC are available at our website.
|
Ans :
Any Village Industry (except those mentioned in the negative list) located in the Rural Area which produces any goods or renders any service with or without the use of power and in which the fixed capital investment for head of a full time artisans or worker does not exceed Rs.3.00 lakh in plain area and Rs.4.50 lakhs in hilly areas and for A & N Island and Lakshadweep Rs.4.5 Lakhs.
|
Ans :
An Individual Entrepreneur above 18 years of age setting up a new unit
|
Ans :
Public Sector Banks ,Regional Rural Banks(RRB), Co-operative Banks and Private Scheduled Commercial Banks which are regulated by RBI
|
Ans :
Capital Expenditure Loan, one cycle of working capital and 10% of project cost as own contribution in case of General category and 5% of project cost in case of Special Categories section.
|
Ans :
Categories of beneficiaries under PMEGP
Rate of (Margin Money) Subsidy(of project cost)
Area (location of project/unit) Urban Rural
General Category 15% 25%
Special (including SC / ST / OBC /Minorities/Women, Ex-servicemen, Physically handicapped, NER, Hill and Border areas, Transgender,
Aspirational Districts etc. 25%(Urban ) 35%(Rural)
|
Ans :
Rs.50.00 lakhs for manufacturing unit and Rs.20.00 lakhs for Service Unit
|
|
|
|
Start Up India
|
Ans :
Startup India Hub is a one-stop platform for all stakeholders in the Startup ecosystem to interact amongst each other, exchange knowledge and form successful partnerships in a highly dynamic environment.
|
Ans :
Investors particularly venture capitalists (VCs) add value to startups in a lot of ways:
1. Stakeholder Management: Investors manage the company board and leadership to facilitate smooth operations of the startup. In addition, their functional experience and domain knowledge of working and investing with startups imparts vision and direction to the company.
2. Raising Funds: Investors are best guides for the startup to raise subsequent rounds of funding on the basis of stage, maturity, sector focus etc. and aid in networking and connection for the founders to pitch their business to other investors.
3. Recruiting Talent: Sourcing high-quality and best-fit human capital is critical for startups, especially when it comes to recruiting senior executives to manage and drive business goals. VCs, with their extensive network can help bridge the talent gap by recruiting the right set of people at the right time.
4. Marketing: VCs assist with marketing strategy for your product/service.
5. M&A Activity: VCs have their eyes and ears open to merger and acquisition opportunities in the local entrepreneurial ecosystem to enable greater value addition to the business through inorganic growth.
6. Organizational Restructuring: As a young startup matures to an established company, VCs help with the right organizational structuring and introduce processes to increase capital efficiency, lower costs and scale efficiently.
|
Ans :
Investing in startups is a risky proposition, but the low requirement for overhead capital combined with high upside potential, makes it lucrative for investors to put their bets on startups.
|
Ans :
Registering a profile on the hub is a fairly simple process.
• On clicking the “Register” tab on the top right-hand corner of the page which you will be directed to our “mygov” platform for authentication where you will be asked to fill details such as your name, email address, etc. This will give you a one time password for verification as well as a link to set a new password.
• Sign in using the login credentials you created in step 1. This will direct you to the Hub where you can select and create the profile of a stakeholder which best defines your role.
|
Ans :
The system is build to connect you to your relevant stakeholders based on your industry and preferred stage. Under the profile of every enabler there will be an option to “connect/apply”. Upon clicking, a request will be sent to the respective profile for acceptance. Once accepted, you will able to see the enabler as a new connection.
Please note that you can connect with upto 3 users per week.
|
Ans :
Any entity having at least one registered office in India is welcome to register on the hub as location preferences, for the time being are only created for Indian states. However, we are working on international relations and will soon be able to enable registration for stakeholders from the global ecosystem
|
Ans :
For publishing content, you can get in touch with us on startupindiahub@investindia.org.in
|
|
Support for Entrepreneurial and Managerial Development of SMEs through Incubators
|
Ans :
https://my.msme.gov.in/inc/
|
Ans :
Any person as individual or MSME, having the innovative ideas are eligible to avail the benefits of this scheme. The person should have innovative sort of idea which can be converted into prototype and further in business activity. The person is being called Incubatee.
|
Ans :
There is no qualification bar to become incubatee. However, MSME should have valid Udyog Aadhar Memorandum (UAM) and individual should have Aadhar card number.
|
Ans :
The person (incubatee) should get attach with any Host Institute (HI) for nurturing of his idea in Business incubator (BI) being set up by HI.
|
Ans :
Host Institute(HI) : Institute which set up Business Incubator and provides the infrastructural and technical facilities for nurturing of new innovative ideas is called Host Institutes (HI).
Business Incubator(BI): A specific place/workshop located in HI having facilities for nurturing of idea of Incubateeis called Business Incubator.
|
Ans :
Institutions such as Technical colleges, universities, other professional colleges/institutes, R&D institutes, NGOs involved in relevant activities, EDCs of O/o DC (MSME), MSME-DIs/Technology Centers (TCs), DICs or any institute/organization of Central/State Govt. may apply for HI and set up a Business Incubator (BI).
|
Ans :
Host Institutes will set up Business Incubator (BI) and provides the space, equipment, lab and all the auxiliary support to the incubatee for nurture of his ideas for the business activities.
|
Ans :
Eligible institutes can apply through online MIS only and submit details alongwith supporting documents. Details of documents and procedure to apply is given in guiding manuals available in MIS itself.
|
Ans :
Incubatees and eligible institutes of all states/UTs can take benefit of the scheme.However,Institutes in the North East Region will be given priority for supporting BIs.
|
Ans :
• Financial support up toRs. 15.00 lakh to HI for nurturing of an idea. This support will be given in two instatements of 70 % and 30 %.
• Financial support up toRs. 1.00 cr. to HI for procurement of plant and machinery for BI to strengthen their technology related R & D activities.This support will be given in two installments of 50% each
• Financial support uptoRs. 1.00 cr to HI as Seed fund for converting deserving ideas into start-ups
|
Ans :
The person (incubatee) should get attach with any Host Institute (HI) for nurturing of his idea in Business incubator (BI) being set up by HI.
|
Ans :
Yes, HIs of previous Incubation scheme need to apply fresh to become HIs in new scheme as the benefits and MOU terms and conditions of new scheme have been modified.
|
Ans :
Financial support for all activities will be given to HI only and no funds can be transferred to incubatee’s account.
|
Ans :
Incubatee can get support from BI on all issues related to technology,innovation,mentor, plant & machinery required for nurturing of idea.
|
Ans :
If any facilities of plant & machinery which are essential for nurturing of idea and same are not available in HI/BI , then incubate can utilize the facilities of machines available in other places . Incubatee can utilize these facilities on pay as usage basis through HI/BI only.
|
Ans :
Expenditure can be incurred on items essential for nurturing of idea like using plant&machinery, raw material, testing charges, marketing support, charges towards mentoring etc. However, all such components should be mentioned in the proposals which needs approval of competent authority.
|
Ans :
Project Monitoring and Advisory Committee (PMAC)headed by DC(MSME) is the final authority for approving proposal as per guidelines of scheme.
|
Ans :
HI will submit its proposals for approval as HI idea, seeking assistance for capital grant and Seed etc. through online MIS which will be examined initially by Implementing Agency (IA) in 15 days. After its initial scrutiny, IA will recommend it to National Monitoring and Implementation Unit (NMIU). A committee at NMIU will further examine and recommend eligible proposals to O/o DC (MSME) for final approval of PMAC.
|
Ans :
A National Monitoring and Implementation Unit (NMIU) shall be setup in the O/o DC(MSME) to take care of facilitation, implementation and monitoring of the scheme involving Implementing Agencies as per directions of PMAC.
|
Ans :
Implementing Agencies (IAs) shall be at MSME DIs / TCs / Govt. of India/ State Government and its organizations.
|
Ans :
Yes, status of application/proposal can be seen on MIS and outcome of proposals will be communicated to applicant through online MIS.
|
Ans :
Click here.: https://my.msme.gov.in/inc/
|
|
PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) : A Special Micro-Credit Facility for Street Vendors
|
Ans :
This is a Central Sector Scheme to facilitate street vendors to access affordable working capital loan for resuming their livelihoods
|
Ans :
The COVID-19 pandemic and consequent lockdowns have adversely impacted the livelihoods of street vendors. They usually work with a small capital base, which they might have consumed during the lockdown. Therefore, credit for working capital to street vendors will be helpful to resume their livelihoods.
|
Ans :
(i) To facilitate working capital loan up to 10,000 at subsidized rate of interest;
(ii) To incentivize regular repayment of loan; and
(iii) To reward digital transactions.
|
Ans :
(i) Initial working capital of up to Rs. 10,000/-
(ii) Interest subsidy on timely/ early repayment @ 7%
(iii) Monthly cash-back incentive on digital transactions
(iv) Higher loan eligibility on timely repayment of the first loan.
|
Ans :
Street vendors/ hawkers vending in urban areas, as on or before March 24, 2020, including the vendors of surrounding peri-urban and rural
areas.
|
Ans :
Any person engaged in vending of articles, goods, wares, food items or merchandise of daily use or offering services to the public in a street, footpath, pavement etc., from a temporary built up structure or by moving from place to place. The goods supplied by them include vegetables, fruits, ready-to-eat street food, tea, pakodas, breads, eggs, textile, apparel, artisan products, books/ stationary etc. and the services include barber shops, cobblers, pan shops, laundry services etc.
|
Ans :
Scheduled Commercial Banks, Regional Rural Banks, Small Finance Banks, Cooperative Banks, Non-Banking Financial Companies, Micro-Finance Institutions and SHG Banks.
|
Ans :
The Scheme shall be implemented up to March, 2022.
|
Ans :
The rate of interest subsidy 7%. The interest subsidy amount will be credited directly in your account on quarterly basis. In case of early payment, the admissible amount of subsidy will be credited in one go. For a loan of Rs. 10,000, if you pay all the 12 EMIs in time, you will get approximately Rs. 400 as interest subsidy amount.
|
Ans :
No collateral security is required.
|
Ans :
The on-boarded vendors would be provided with a monthly cashback in the range of Rs. 50 -Rs. 100 as per the following criteria:
(i) On executing 50 eligible transactions: Rs. 50;
(ii) On executing the next 50 eligible transactions: Additional Rs. 25; and
(iii) On executing the next 100 eligible transactions: Additional Rs. 25.
Each transaction > Rs. 25 will be counted.
|
Ans :
An agent from MFI/ payment aggregator will approach you to onboard and help in conducting sample transactions. You will also be provided with a debit card and a QR code.
|
Ans :
Yes, on timely/ early repayment of loan of initial working capital, a vendor becomes eligible to avail a higher tranche of loan in next cycle.
|
Ans :
There is no penalty for pre-closure of the loan.
|
Ans :
You may become a part of Common Interest Group (CIG) formed by ULB or Joint Liability Group (JLG) formed by a lending institution.
|
Ans :
You may meet a member of SHG or ALF or CLF or call toll free number.
|
Ans :
Yes, you will be issued Provisional Identity Card on approval of loan and permanent CoV/ID will be issued within 30 days.
|
Ans :
Complete process will be automated through a Mobile App and Web Portal. You will be able to check real time status of your application.
Whole process, if paper/ information is complete, may take less than 30 days.
|
Ans :
The Initial working capital loan is upto Rs. 10,000/- for a tenure of one year.
|
Ans :
You can approach a Banking Correspondent (BC)/ Agent of Micro Finance Institution (MFI) in your area (ULBs will have the list of these
persons). They will help you in filling up the application and upload the documents in a Mobile App/ Portal.
|
Ans :
You can access this information on the website of Ministry of Housing and Urban Affairs.
|
Ans :
Yes, you can still avail the Scheme benefits. A Provisional Certificate of Vending would be issued to vendors through an IT based Platform.
The BC/ Agent will help you in filling up the application and upload the documents in a mobile App/ Portal.
|
Ans :
The Scheme is available to vendors of surrounding development/ peri-urban/ rural areas vending in the geographical limits of the cities/ towns and those left out of the survey. If you belong to this category you have to produce one of the following documents to obtain the Letter of Recommendation from ULB/TVC:
(i) Documents of past loan taken from a bank/ NBFC/ MFI for the purpose of vending;
or
(ii) If you are a member of street vendors’ association like NASVI, NHF, SEWA etc., your membership details;
or
(iii) Any other documents to prove that you are a vendor; You can also request ULB through a simple application on white paper to conduct local enquiry to ascertain the genuineness of your claim. After receipt of LoR, you may approach BC/ Agent to apply for the loan.
|
Ans :
You may carry anyone of the following documents for KYC purpose:
(i) Aadhaar Card,
(ii) Voter’s Identity Card,
(iii) Driving Licence,
(iv) MNREGA Card,
(v) PAN Card.
|
|
Support measures undertaken by Govt. in the wake of COVID 19 Pandemic
|
Ans :
Mudra Shishu loans covers loans upto Rs. 50,000/-. Yes, interest subvention of 2% for prompt payees for a period of 12 months to MUDRA Shishu loanees have been announced recently
For more details:
|
Ans :
NABARD will extend additional re-finance support of Rs 30,000 crore to farmers for meeting crop loan requirement of Rural Cooperative Banks and RRBs.
|
Ans :
It is estimated that around 3 crore farmers will be benefitted, mostly small and marginal and it will meet their post-harvest Rabi and current Kharif requirements
|
Ans :
There are several innovative initiatives have been taking by the Technology Centers under Ministry of Micro, Small and Medium Enterprises. For more details please visit the link:
|
Ans :
The Corporate Affairs Ministry (MCA) has come up with the ‘Companies Fresh Start Scheme 2020’ to enable companies make good of any filing-related defaults, irrespective of duration of default, and make a fresh start as a fully compliant entity. To provide a similar facility to Limited Liability Partnerships (LLPs), the MCA has also revised the ‘LLP Settlement Scheme, 2020’, which is in vogue today. The Fresh Start scheme and modified LLP Settlement Scheme reduce compliance burden during the unprecedented public health situation caused by Covid-19. For more information on the schemes, please visit
|
Ans :
Ministry of Labour & Employment has launched Pradhan Mantri Garib Kalyan Yojana (PMGKY) for the poor to help them fight the battle against Corona Virus Pandemic. Under the scheme, the entire employees EPF contributions (12% of wages) and employers’ EPF & EPS contribution (12% of wages), totaling 24% of the monthly wages for the next three months shall be directly paid by the Central Govt. in the EPF accounts (UAN) of employees, who are already members of EPF Scheme, 1952.
For more details:
|
Ans :
The Ministry of Labour and Employment has been receiving several queries related to provident funds from the beneficiaries. In this regard, a set of Frequently Asked Questions (FAQs) along with clarifications are provided at below mentioned site"
|
Ans :
As per the government announcement on March 26, 2020, an individual can withdraw a certain amount from their Employees' Provident Fund (EPF) account, if he/she is facing financial problems due to the coronavirus-related lockdown.
For more details:
|
Ans :
States will either directly supply free ration at shelter camps, or issue distress coupons or adopt any suitable method for free distribution of the food grains and channa
For more information:
|
Ans :
Rs 2 lakh crore credit boost to 2.5 crore farmers under Kisan Credit Card Scheme has been announced. RBI has allowed banks & other financial institutions to offer 3-month Moratorium Period on all Loan & Credit Card Payments.
For more information:
|
Ans :
As per the announcements, the Rs 1 lakh crore agri infrastructure fund is announced for setting up of farm-gate infrastructure. This fund will be used for setting up cold chains and post-harvest management infrastructure.
For more information:
|
Ans :
Primary Agricultural Cooperative Societies, Farmers Producer Organizations, Agriculture entrepreneurs, Start-ups, etc. are eligible to utilize the fund.
For more information:
|
Ans :
Rs 10,000 crores is allocated under the scheme for Formalisation of Micro Food Enterprises (MFE).
For more information:
|
Ans :
The existing micro food enterprises, Farmer Producer Organisations, Self Help Groups and Cooperatives to be supported. The focus will be on women and SC/ST owned units and those in Aspirational districts and a Cluster based approach (e.g. Mango in UP, Tomato in Karnataka, Chilli in Andhra Pradesh, Orange in Maharashtra etc.) will be followed.
For more information:
|
Ans :
This scheme will cater to technical upgradation to attain FSSAI food standards, build brands and marketing.
For more information:
|
Ans :
Government will implement a scheme of Rs. 500 Cr. for:
a) Infrastructure development related to Integrated Beekeeping Development Centres, Collection, Marketing and Storage Centres, Post-Harvest & value Addition facilities etc.;
b) Implementation of standards & Developing traceability system
c) Capacity building with thrust on women;
d) Development of quality nucleus stock and bee breeders.
This will lead to increase in income for 2 lakh beekeepers and quality honey to consumers.
|
Ans :
FDI limit in the Defence manufacturing under automatic route will be raised from 49% to 74%.
For more details:
|
Ans :
Rationalization of Tax regime for Aircraft Maintenance, Repair and Overhaul (MRO) ecosystem has been announced
For more details:
|
Ans :
It has been announced that 10,00,000 hectares will be covered under Herbal cultivation in next two years with outlay of Rs. 4,000 crores. This will lead to Rs. 5,000 crore income generation for farmers. There will be network of regional Mandis for Medicinal Plants. NMPB will bring 800-hectare area by developing a corridor of medicinal plants along the banks of Ganga. For more details:
|
Ans :
The government has announced setting up of Infectious Diseases Hospital Blocks in all districts and strengthening of lab network and surveillance by Integrated Public Health Labs in all districts & block level Labs & Public Health Unit to manage pandemics. For more details:
|
Ans :
Tariff Policy laying out the following reforms will be released:
a) Consumer Rights
b) Promote Industry
c) Sustainability of Sector
For more details:
|
Ans :
Compoundable offences are those offences that are settled by paying fines. Compoundable offences related to shortcomings in CSR reporting, inadequacies in Board report, filing defaults, delay in holding of AGM have been decriminalized. This measure is expected to reduce the burden on criminal courts and NCLT. For more details:
|
Ans :
a) To enable competition in the space sector, government has announced to create policy and an enabling regulatory environment to provide a level playing field for private players in the sector.
b) Private players will also be allowed to participate in future deep space missions and use ISRO facilities and other relevant assets to improve their capabilities.
c) Government has also committed to create a liberal geo-spatial data policy that will enable the private players to use the data generated by Indian remote sensing satellites.
For more details:
|
Ans :
Government has announced following initiatives
a) Establishment of research reactor in PPP mode for production of medical isotopes – this will lead to affordable treatment for cancer and other diseases.
b) Establish facilities in PPP mode to use irradiation technology for food preservation – this measure will help farmers
c) Setting up of Technology Development cum Incubation Centres to link India’s robust start-up ecosystem to nuclear sector and foster synergy between entrepreneurs and research facilities
For more details:
|
Ans :
Private sector participation is promoted by introducing structural reforms to boost growth, employment and bring state-of-the-art technology especially in exploration through:
a) Introduction of a seamless composite exploration-cum-mining-cum-production regime.
b) Open and transparent auction process for 500 mining blocks.
c) To enhance Aluminum Industry's competitiveness, joint auction of Bauxite and Coal mineral block will be done. This will also help in reducing electricity costs
For more details:
|
Ans :
Following policy reforms have been announced:
a) Remove distinction between captive and noncaptive mines to allow transfer of mining leases and sale of surplus unused minerals. This will lead to increased efficiency in mining.
b) Rationalization of stamp duty payable at the time of award of mining leases.
For more details:
|
Ans :
Government has announced that two major initiatives - Efficient Airspace Management and development of more world-class airports.
a) Restrictions on utilisation of the Indian Air Space will be eased. The ease of restrictions will help in optimal use of airspace, reduction of fuel use, and will save time. The measures will lead to positive environmental impact and bring about total benefits of Rs. 1000 crores per year to the sector
b) Government will facilitate additional construction of 24 new world-class airports.
For more details:
|
Ans :
‘Lifeline Udan’ flights are being operated by MoCA to transport essential medical cargo to remote parts of the country to support India’s war against COVID-19. For more details please visit the link
|
Ans :
Government had decided to provide relief to contractors working for central agencies like Railways, Ministry of Road Transport and Highways, and CPWD by giving them an extension of 6 months for completion of their contractual obligations, including in respect of EPC and concession agreements. For more details:
|
Ans :
The Department of Agriculture, Cooperation & Farmers Welfare under the Ministry of Agriculture & Farmers Welfare has taken numerous initiatives to promote farming and allied sectors during lockdown. The details of the same can be accessed at
|
Ans :
For nationwide transportation of essential commodities and other goods, Ministry of Railways has introduced unhindered services of Special Parcel Trains. The details of Parcel Special Trains can be found at
|
Ans :
Government has announced three initiatives to be launched to promote education through technology - PM eVidya service, Manodarpan, New National Curriculum and Pedagogical framework, and National Foundational Literacy and Numeracy Mission. For more details:
|
Ans :
To create job opportunities in tribal areas, the Government had decided to use Rs. 6000 crores under Compensatory Afforestation Fund Management and Planning (CAMPA).
For more details:
|
Ans :
With a view to reduce import and provide coal at affordable rates, the government under “Atmanirbhar Bharat”, has announced plan to commercialize mining in coal sector. For details of the announcement follow:
|
Ans :
Ministry has ensured that Coal supplies are declared as an Essential service and directed all the officials of Ministry of Coal to work harder to ensure that critical coal supplies are maintained during the lockdown period due to COVID 19 pandemic so that power and other critical sectors are unaffected due to the current situation. For more details please visit the link
|
Ans :
Under Atmanirbhar Bharat Scheme, the government has introduced Viability Gap Funding Scheme of Rs. 8100 Cr to boost private sector investment in Social Infrastructure projects for details of the announcement follow:
|
Ans :
The government under “Atmanirbhar Bharat Scheme” has announced to implement a scheme for Industrial Cluster Upgradation of common infrastructure facilities in the country. For details of the announcement follow:
|
Ans :
To provide financial assistance to farmers during COVID 19 pandemic, Interest subvention @2% per annum to dairy cooperatives for 2020-21 has been launched, also providing additional 2% p.a interest subvention on prompt payment/interest servicing. For details of the announcement please follow:
|
Ans :
With a view to fill critical gaps in fisheries value chain and support fishermen, the government under “Atmanirbhar Bharat Scheme” has announced Pradhan Mantri Matsya Sampada Yojana (PMMSY) with a view to provide integrated, sustainable, inclusive development of marine and inland fisheries. For details follow:
|
Ans :
With a view to provide immediate relief to the real estate sector, the government has extended registration and completion date for all registered projects up to 6 months. For details kindly visit:
|
Ans :
With a view to safeguard the migrant laborer and urban poor from forthcoming crisis situation, the government has planned to implement Affordable Rental Housing scheme under PPP mode. For details, kindly visit:
|
Ans :
As per the announcement under “Atmanirbhar Bharat Scheme”, the Credit Linked Subsidy Scheme for Middle Income Group (annual Income between Rs 6 and 18 lakhs) will be extended up to March 2021. For more details about the announcement visit:
|
Ans :
National Science and Technology Entrepreneurship Development Board under the Ministry of Science and Technology, GoI has launched Centre for Augmenting War with COVID-19 Health Crisis (CAWACH) initiative to invite Start Ups, Innovators and Indian Companies to provide high impact products based on scalable innovations to address challenges faced during COVID -19 by the country. More details on the initiative can be found at
|
Ans :
The Ministry of Development of North Eastern Region has announced an additional financial support of Rs. 25 crores to manage the COVID Outbreak effectively. More information can be found on -
|
Ans :
GeM has taken number of initiatives for procurement of goods and services by Government departments in the fight against COVID-19 Pandemic. A dedicated page for COVID-19 has been created on the portal. You can find more information by visiting this link-
|
Ans :
Government of India has announced new schemes to promote development of pharmaceutical industry and development of medical devices. More details can be found at -
|
Ans :
To enable income taxpayers to avail full benefits of various timeline extensions granted by the Government of India due to Covid-19 pandemic situations, the CBDT is revising the return forms for FY 2019-20 (Assessment Year 2020-21) which shall be notified by the end of this month. For more details please follow.
|
Ans :
The Government of India has reviewed the extant Foreign Direct Investment (FDI) policy for curbing opportunistic takeovers/acquisitions of Indian companies due to the current COVID-19 pandemic and amended extant FDI policy as contained in Consolidated FDI Policy, 2017. For more details please visit:
|
Ans :
AROG is a scheme Micro, Small & Medium Enterprises engaged in manufacturing of products or providing services which are directly related to fighting corona virus, such as Pulse Oximeters, Permitted drugs (Remdesivir, Fabiflu, Dexamethasone, Azithromycin, etc), Ventilators, PPEs etc.
SHWAS is a scheme for Micro, Small & Medium Enterprises engaged in manufacturing of oxygen cylinders, oxy-generators, oxygen concentrators, liquid oxygen or providing services in transportation, storage, refilling to supply of these items.
|
Ans :
The Government has received various representations and it has been decided to include Retail and wholesale trades as MSMEs and they are allowed to be registered on Udyam Registration Portal. However, benefits to Retail and Wholesale trade MSMEs are to be restricted to Priority Sector Lending only.
Accordingly, the list of eligible additional activities under NIC Code 45, 46 and 47 are as under:
45 Wholesale and retail trade and repair of motor vehicle and motorcycles
46 Wholesale trade except of motor vehicles and motor cycles
47 Retail Trade Except of Motor Vehicles and motor cycles
The Udyam Registration is allowed for above three NIC Codes and activities mentioned against them.
The Enterprises having Udyog Aadhaar Memorandum (UAM) under above three NIC Codes are now allowed to migrate to Udyam Registration Portal or they can file Udyam Registration afresh.
|
Ans :
Ministry of Micro, Small and Medium Enterprises vide notification no. 2347(E) dated 16.06.2021 amends original notification No. S.O. 2119 (E) dated 26.06.2020 and provides the extension of the validity of EM Part-II and UAMs from 31.03.2021 to 31.12.2021. This will help EM Part-II and UAMs certificate holders to avail benefits of the provisions under various existing schemes and incentives including Priority Sector Lending benefits of MSME.
|
Ans :
The Government has received various representations and it has been decided to include Retail and wholesale trades as MSMEs and they are allowed to be registered on Udyam Registration Portal. However, benefits to Retail and Wholesale trade MSMEs are to be restricted to Priority Sector Lending only.
|
Ans :
The Government has received various representations and it has been decided to include Retail and wholesale trades as MSMEs and they are allowed to be registered on Udyam Registration Portal. However, benefits to Retail and Wholesale trade MSMEs are to be restricted to Priority Sector Lending only.
|
Ans :
The Government has received various representations and it has been decided to include Retail and wholesale trades as MSMEs and they are allowed to be registered on Udyam Registration Portal. However, benefits to Retail and Wholesale trade MSMEs are to be restricted to Priority Sector Lending only.
|
|
Distressed Asset Fund - Subordinated Debt for Stressed MSMEs (DAF-SDSM) / Credit Guarantee Scheme for Subordinate Debt (CGSSD)
|
Ans :
The “Distressed Asset Fund - Subordinated Debt for Stressed MSMEs” is a scheme framed by Ministry of MSME under which credit facility would be provided to the Promoters of the stressed MSMEs by Scheduled Commercial Banks (SCBs) for infusing the same as equity/quasi equity/ sub-debt in the unit.
|
Ans :
Credit Guarantee Scheme for Subordinate Debt (CGSSD) (hereinafter referred to as “Scheme”) being operated by Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) provides guarantee coverage to Member Lending Institutions (MLIs) for the credit facility extended to the to the eligible MSMEs under the above mentioned scheme.
|
Ans :
The objective of the scheme is to provide credit facility through lending institutions to the promoters of stressed MSMEs viz. SMA-2 and NPA accounts who are eligible for restructuring as per RBI guidelines on the books of the Lending institutions. The promoter would infuse the credit in the MSME as quasi equity or sub-debt.
|
Ans :
Micro, Small and Medium Enterprises defined under the MSMED Act from time to time.
|
Ans :
MSME units such as Individuals / Proprietorship, LLP, Partnership, Private Limited Company or registered company are eligible to be covered under the scheme.
|
Ans :
All Scheduled Commercial Banks are eligible as MLIs.
|
Ans :
After satisfying itself about the procedural aspects met by the lender, regarding lodgement / preferment of claim for guarantee, the Trust settle the claim in two instalments i.e. 75% of the eligible amount (i.e. 90% of amount in default) as First instalment and 25% of the eligible amount (i.e. 90% of amount in default) as Second instalment.
Note : Any recovery made by the lender after settlement of the claim has to be refunded back to CGTMSE as per the existing guidelines.
For Illustration: pl. refer attachment
|
Ans :
Yes. MLI needs to remit any recovery received, from the borrower, after the settlement of first instalment, to CGTMSE after deducting the legal expenses only.
|
Ans :
Yes. The lending institution is, however, required to keep the Trust informed. In order to avail claim, legal action must be initiated by the MLI even in the event of OTS.
|
Ans :
Yes. Trust reserves the right to inspect cases covered under CGSSD Scheme at any given time.
|
Ans :
During the inspection of cases, MLIs will be required provide copies of the books of account and other records (including any book of instructions or manual or circulars covering general instructions regarding conduct of advances) as maintained by the lending institutions or any such documents as requested by the TRUST.
|
Ans :
The primary purpose of inspection of these case would be to check whether the Lending Institutions have followed the terms and conditions of the Scheme and that in case of NPA account where first claim has been settled by the Trust, any recovery received by the MLI has been appropriately passed on to the Trust.
|
Ans :
CGTMSE will issue the detailed operational guidelines for the Scheme.
|
Ans :
No. For availing this sub-debt, the unit must be in running condition and operational.
|
Ans :
No. Presently, Scheduled Commercial Banks only are eligible.
|
Ans :
The guarantee cover will commence from the date on which guarantee fee proceeds are credited to bank account of the Trust.
|
Ans :
Guarantee will commence from guarantee start date and shall run through the agreed tenure of the facility subject to payment of guarantee fee on annual basis.
|
Ans :
On sanction of sub-debt, the Banks login into CGTMSE Portal and apply for guarantee coverage. On receipt of application, Guarantee is approved by CGTMSE within 24 hours and on paying the Guarantee fee, the Guarantee becomes live. No documents are sought at the time of application lodgement of guarantee.
|
Ans :
The recovery proceedings would be stated as concluded after the decree has been enforced and recovery has been completed by the MLI and outstanding amount has been recovered by the MLI or decree to get time barred if no further recovery possible
|
Ans :
Please address your queries/suggestions to querysubdebt@cgtmse.in.
|
Ans :
Under the Scheme, Promoter(s) of the MSME unit will be given credit facility equal to 15 % of his/her stake in the MSME entity (equity plus debt) or Rs 75 lakh whichever is lower as per last audited Balance Sheet.
Illustration 1 : If promoters have invested Rs.100 lakh as equity/debt in a company, then 15% of Rs.100 lakh, i.e. Rs.15 lakh is eligible amount under sub-debt.
Illustration 2 : If promoters have invested Rs.700 lakh as equity/debt in a company, then 15% of Rs.700 lakh is Rs.105 lakh. However, eligible amount under sub-debt would be Rs.75 lakh.
|
Ans :
Computation methodology : Refer attachment
|
Ans :
The guarantee coverage of the sub-debt shall be 90%.
|
Ans :
Yes. The promoters are required to bring in 10% of the sub-debt amount as collateral.
|
Ans :
The Scheme would be applicable to sub-debt sanctioned under CGSSD for a maximum period of 10 years from the guarantee availment date or March 31, 2021 whichever is earlier, or till an amount of Rs 20,000 crore of guarantee amount is approved.
|
Ans :
All MSME borrower / entities who are stressed viz. SMA2 and NPAaccounts and are eligible for restructuring (as per RBI guidelines) and are commercially viable as per the assessment of the lending institutions.
|
Ans :
MSMEs whose accounts have been standard as on 31.03.2018 and have been in regular operations, either as standard accounts, or as NPA accounts during financial year 2018-19 and financial year 2019-20 are eligible under the Scheme. The Scheme is valid for MSME units which are stressed viz. SMA2 and NPA accounts as on 30-04-2020.
|
Ans :
Yes. In cases where recovery proceedings are underway, such as through SARFAESI Sec. 13(2), 13(4), DRT, suit filed, restructuring, MLIs may carry out on the basis of viability of the MSMEs as per RBI’s restructuring guidelines
|
Ans :
Accounts declared as Fraud/ Willful defaulter will not be considered under the scheme.
|
Ans :
Banks are required to carry out restructuring of MSME accounts as per extant RBI guidelines.
|
Ans :
In case a borrower has existing limits with more than one lender, the CGSSD can be availed by the borrower through one lender only. A declaration from the borrower regarding its other banking arrangements and that it has not availed funding under the scheme from the other lenders to be obtained by the lending MLI.
|
|
|
Ans :
Yes. The interest rate applicable would be as per extant RBI guidelines.
|
Ans :
The tenor of sub-debt facility provided under DAF-SDSM shall be as per the repayment schedule defined by the lender, subject to a maximum tenor of 10 years.
|
Ans :
Maximum tenor would be from the guarantee availment date or March 31, 2021, whichever is earlier.
|
Ans :
Yes. There can be a moratorium of 7 years (maximum) on the payment of principal. Till the 7th year, only interest will be paid. While the interest on the credit facility provided under the scheme would be required to be serviced regularly (monthly), the principal shall be repaid within a maximum of 3 years after completion of moratorium.
|
Ans :
Pre-payment of loan/credit facilities is allowed at no additional charge to the borrower.
|
Ans :
Yes. 1.50% per annum on the guaranteed amount on outstanding basis.
|
Ans :
No. There is no service fee or any other charge.
|
Ans :
CGTMSE guaranteed portion to be assigned zero risk weight, as per extant guidelines.
|
Ans :
The credit extended under the scheme will rank second charge on all the existing assets.
|
Ans :
Yes, MLIs will be required to submit an Undertaking to CGTMSE for the purpose of this Scheme as per the prescribed formal.
|
Ans :
Yes, the MLIs are required to mark a particular case as NPA which is classified as NPA as per RBI guidelines in CGTMSE online portal. The NPA marking needs to be done by the MLIs within next quarter from the NPA date, in the online portal.
|
Ans :
Yes, Guarantee Fee is payable for NPA cases / claim lodged cases, till the settlement of first claim.
|
Ans :
Before lodgement of claim application with CGTMSE, the MLI needs to initiate legal action post NPA or default.
|
Ans :
For MLI to lodge a claim, the guarantee in respect of that credit facility should have been in force at the time of account turning NPA and after completion of lock-in period of 18 months (from the guarantee start date or last disbursement date whichever is later). MLI can invoke the guarantee for first instalment of claim (75%) only after initiation of legal action under various legal forums such as, SARFAESI (u/s 13 (4)), Revenue Recovery Authority (RRA), Civil Court, Debt Recovery Tribunal (DRT) or Lok Adalat.
|
|
Scheme for Fund for Regeneration of Traditional Industries (SFURTI)
|
Ans :
To make the traditional industries more productive and competitive and facilitating their sustainable development, the Govt. Of India announced in 2005-06, setting up of a fund for regeneration of traditional industries. Pursuant to this announcement, a Central Sector Scheme titled the ‘Scheme of Fund for Regeneration of Traditional Industries (SFURTI)’ was launched.
|
Ans :
An independent evaluation of the SFURTI clusters initially set up highlighted the need to improve the sustainability and competitiveness of these clusters. The recommendations include enhanced allocation per cluster, increased responsibility of the Technical Agencies (TAs), critical financial appraisal and development of robust business plans and convergence of programs at the cluster level. Therefore, the Revamped SFURTI scheme was framed in 2014-15 accordingly which enhanced the sustainability of the programme beyond the project period through the creation of Special Purpose Vehicle (SPV) or deemed SPV. Further, the revamped guideline has added many new features for all-round development of SFURTI clusters.
|
Ans :
As per the Revamped SFURTI guidelines notified on 01/08/2014 by Government of India, the objectives are as under:
i. To organize the traditional industries and artisans into clusters to make them competitive and provide support for their long term sustainability and economy of scale; ii. To provide sustained employment for traditional industry artisans and rural entrepreneurs;
ii. To enhance the marketability of products of such clusters by providing support for new products, design intervention and improved packaging and also the improvement of marketing infrastructure;
iii. To equip traditional artisans of the associated clusters with the improved skills and capabilities through training and exposure visits;
iv. To make provision for common facilities and improved tools and equipment for artisans;
v. To strengthen the cluster governance systems with the active participation of the stakeholders, so that they are able to gauge the emerging challenges and opportunities and respond to them in a coherent manner; vii. To build up innovated and traditional skills, improved technologies, advanced processes, market intelligence and new models of public-private partnerships, so as to gradually replicate similar models of cluster-based regenerated traditional Industries.
|
Ans :
The financial assistance provided for Revamped SFURTI shall be as under in various categories:
Type of Clusters Budget Limit per cluster
Regular (upto 500 artisans) Rs.2.50 crore
Major (more than 500 artisans) Rs.5.00 crore
The cost of project shall include hard interventions and soft interventions. The project cost shall also include the cost of services of a professional TA and costs incurred by the IA for engaging a competent CDE and other administrative expenses to be incurred by the IA.
|
Ans :
The time frame for implementation of Project will be 12-18 months
|
Ans :
Soft Interventions under the project would consist of activities such as
i. General Awareness, counseling, motivation and Trust building
ii. Skill development and Capacity Building
iii. Institutional development
iv. Exposure visits
v. Market Promotion initiatives
vi. Design and Product Development
vii. Participation in seminars, workshops and training programmes on technology up-gradations, etc.
|
Ans :
Hard interventions will include creation of following facilities:
i. Creation of Common Facility Centres (CFCs)
ii. Raw Material Banks (RMBs)
iii. Up-gradation of Production Infrastructure
iv. Tools and Technological up-gradation such as Charkha upgradation, tool-kits distribution, etc
v. Warehousing Facility
vi. Training Centre
vii. Value addition and processing centre
|
Ans :
As per the scheme guidelines, the Government provides financial assistance to the extent of 100% of the Soft Interventions (10% of the cost of Hard Intervention or maximum of Rs.25 Lakh whichever is less), 90% of the Hard Intervention Cost (95% in case of NER, Hilly States or J&K), 100% of the cost of IA (8% of the cost of Hard Intervention, or Rs. 20 Lakh, whichever is less) and 100% of the TA admin fee(8% of the cost of Hard Intervention, or Rs. 30 Lakh, whichever is less).
The remaining 10% (5% in case of NER, Hilly States or J&K) of the Hard Intervention cost has to be deposited by the IA/SPV as IA/SPV contribution. Minimum instalments of 25% of the total IA/SPV Contribution may be deposited in a phased manner as per the satisfaction of the Nodal Agency.
|
Ans :
No. Working Capital has to be arranged by IA.
|
Ans :
No. Land has to be arranged by the IA/SPV.
|
Ans :
Implementing Agencies (IAs) would be non-Governmental Organisations (NGOs), Institutions of the Central and State Governments and Semi-Government Institutions, field functionaries of State & Central Government Panchayati Raj Institutions (PRIs), etc suitable expertise to undertake cluster development. One IA may normally be assigned only one cluster (unless it is an agency with State-wide coverage). The selection of IAs, based on their regional reputation and experience of working at the grass-roots level, will be done by the Nodal Agencies (NAs), on the basis of transparent criteria. Private sector participation shall also be encouraged for the implementation of the cluster projects. Corporate entities can also take up projects directly by forming cluster-specific SPVs. Corporates and Corporate Social Responsibility (CSR) foundations with expertise in cluster development will be encouraged to participate as IAs.
|
Ans :
No. One IA may normally be assigned only one cluster (unless it is an agency with State-wide coverage).
|
|
|
Ans :
Educational/Academic/Training Institutions are eligible if theyfulfill the criteria prescribed by N.A. as per the Revamped SFURTI guidelines.
|
Ans :
Established national/ regional level institutions, with proven expertise in artisanal and small enterprise cluster development can act as Technical Agency (T.A).
|
Ans :
Broadly, “Traditional Industry‟ means an activity which produces marketable products, using locally available raw material and skills and indigenous technology. Traditional Industry Cluster, in the context of this document, refers to a geographical concentration of a sizable number of artisans producing, processing and servicing the same or similar types of products and facing common opportunities and threats.
|
Ans :
Khadi means any Cloth woven on handlooms in India from cotton, silk or woolen yarn handspun in India or from a mixture of any two or all of such yarns.
|
Ans :
Any Industry located in rural area which produces any goods or renders any service with or without the use of power and located in an area other than a rural and recognized as a Village Industry at any time before commencement of the Khadi & Village Industries Commission (KVIC), continue to be a village industry under the KVIC Act.
|
|
|
Ans :
Yes. Formation of SPV is mandatory to seek the final approval for hard interventions by IA. The purpose of SPV will be to develop and sustain the cluster after the project implementation period is over. An SPV will be formed for each cluster which may be any of the following entities:
i. a Society registered under Societies (Registration) Act, 1860;
ii. a Co-operative Society under an appropriate statute;
iii. a Producer Company under section 581C of Companies Act, 1956;
iv. a Section 25 Company under Companies Act, 1956;
v. Trust; or
vi. Any other legal entity, with the prior approval of SSC.
|
Ans :
Yes. All artisans/beneficiaries of the proposal have to mandatorily be members of the SPV. Besides, at least 33% of Artisans shall be members of Management Committee/Board of the SPV.
|
Ans :
Training is provided to the artisans under Soft Intervention initiatives through awareness camps, workshops, exposure visits, either on site or visit to domain specific training institutes.
|
Ans :
Common Facility Centre is one of the Components in Hard Intervention.
|
Ans :
The clusters are encouraged at the time of preparation of DPR, to explore market linkages of the products and seek advance orders/commitments. The Technical Agency is mandated by the guidelines to draw marketing strategy for the cluster and assist in marketing linkages for online and offline marketing. The Nodal Agency and Implementing Agency (IA) may support for marketing of the products produced by Artisans. IA may have its own Sales outlets also.Besides, under Thematic intervention, e-commerce portals, national exhibitions etc. are being designed for promotion and sale of products from the SFURTI clusters.
|
Ans :
Yes. The format for presenting the proposal concept is available on online SFURTI portal – sfurti.msme.gov.in. Ministry has also shared instructions for preparation of DPRs with the Nodal Agencies.
|
|
Building Awareness on Intellectual Property Rights (IPRs) for MSMEs
|
Ans :
Intellectual property (IP) refers to creations of the mind: inventions, literary and artistic works, and symbols, names, images, and designs used in commerce.
IP is divided into two categories: Industrial property, which includes inventions (patents), trademarks, industrial designs, and geographic indications of source; and Copyright, which includes literary and artistic works such as novels, poems and plays, films, musical works, artistic works such as drawings, paintings, photographs and sculptures, and architectural designs. Rights related to copyright include those of performing artists in their performances, producers of phonograms in their recordings, and those of broadcasters in their radio and television programs.
|
Ans :
Patents
Copyrights
Trademark
Industrial Designs
Geographical Indications
Trade Secrets
Inventions (patents), trademarks, industrial designs, and geographical indications are referred to as Industrial property.
|
Ans :
A patent is an exclusive right granted for an invention, which is a product or a process that provides, in general, a new way of doing something, or offers a new technical solution to a problem. In order to be patentable, the invention must fulfil certain conditions
|
Ans :
Exclusive Right- allows to use and exploit the invention for 20 years from date of filling.
Strong Market position-prevent other from commercially using patented invention thereby reducing competition.
Higher returns on investment
Opportunity to license or sell the invention.
Positive image of enterprise
|
Ans :
Copyright is the body of law that grants authors, artists & other creator’s protection for their literary and artistic creations, which are referred to as Works.
Copyright protection (other than photographs) is for life of author plus sixty years after his death.
|
Ans :
A trademark is a distinctive sign which identifies certain goods or services as those produced or provided by a specific person or enterprise
|
Ans :
Helps consumer identify and purchase a product or service because it’s nature & quality, indicated by it’s unique trademark, meets their needs.
Registration of its trademark is prima facie proof of its ownership giving statutory right to the proprietor.
Trademark rights may be held in perpetuity. The initial term of registration is for 10 years; thereafter it may be renewed from time to time.
|
Ans :
An industrial design is the ornamental or aesthetic aspect of an article. The design may consist of three-dimensional features, such as the shape or surface of an article, or of two-dimensional features, such as patterns, lines or color. Industrial designs are applied to a wide variety of products of industry and handicraft: from technical and medical instruments to watches, jewellery, and other luxury items; from house wares and electrical appliances to vehicles and architectural structures; from textile designs to leisure goods.
|
Ans :
Designs can be protected through registration, the objective is to protect new/ original designs so created to be applied or applicable to particular article to be manufactured by industrial process or means.
The initial term of protection is for 10 years from the date of filing, which can be extended for an additional term of five years. Altogether, the term of design protection is fifteen years from the date of filing.
|
Ans :
India, a GI may be statutorily protected either as a certification trademark under the Trade marks Act,1999 or as a GI under the GI of Goods (Registration and Protection) Act,1999.
The registration of GI is valid for a period of 10 years after which it may be renewed from time to time.
|
Ans :
Any confidential business information which provides an enterprise a competitive edge may be considered a trade secret. Trade secrets encompass manufacturing or industrial secrets and commercial secrets. The unauthorized use of such information by persons other than the holder is regarded as an unfair practice and a violation of the trade secret. Depending on the legal system, the protection of trade secrets forms part of the general concept of protection against unfair competition or is based on specific provisions or case law on the protection of confidential information.
|
Ans :
• Contrary to patents, trade secrets are protected without registration.
• A trade secret can be protected for an unlimited period of time.
• A substantial element of secrecy must exist, so that, except by the use of improper means, there would be difficulty in acquiring the information
|
Ans :
Yes, O/o DC (MSME) is implementing a scheme “Building Awareness on Intellectual Property Rights (IPR)” for the MSME. The objective of the scheme is to enhance awareness of MSME about Intellectual Property Rights (IPRs), to take measure for the protecting their ideas and business strategies.
|
Ans :
Under this scheme following broad areas of interventions are done by GoI:
a. Awareness/ Sensitisation Programmes on IPR.
b. Pilot Studies for Selected Clusters/ Groups of Industries.
c. Interactive Seminars / Workshops/Exhibition/Conclave/Conference.
d. Reimbursement of Patent/ GIs/Trademarks
e. Setting up of ‘IP Facilitation Centre for MSME’.
f. Interaction with International Agencies.
|
Ans :
-Indian Patent:- Upto Rs. 1.00 Lakh
-Foreign Patent:- Upto Rs. 5.00 Lakh
-GIs:- Upto Rs. 2.00 Lakh
-Trademarks:- Upto Rs. 0.10 Lakh
-Design :- Upto Rs. 0.15 Lakh
|
Ans :
It can be applied through online portal i.e. https://innovative.msme.gov.in/Home/IprIndex
|
Ans :
Ministry of MSME has set up IP Facilitation Centres(IPFCs) for the aforesaid purpose.
|
Ans :
Detailed guidelines of scheme are available at official website of O/o DC (MSME) http://www.dcmsme.gov.in/schemes/IPR-Guidelines-CLCS-TUS-2019-2020.pdf
|
Ans :
The present scheme is valid till March 2021.
|
Ans :
Copyright is a legal term describing rights given to creators for their literary and artistic works. The kinds of works covered by copyright include: literary works such as novels, poems, plays, reference works, newspapers and computer programs; databases; films, musical compositions, and choreography; artistic works such as paintings, drawings, photographs and sculpture; architecture; and advertisements, maps and technical drawings.
|
Ans :
A geographical indication is a sign used on goods that have a specific geographical origin and possess qualities, reputation or characteristics that are essentially attributable to that place of origin. Most commonly, a geographical indication includes the name of the place of origin of the goods. Agricultural products typically have qualities that derive from their place of production and are influenced by specific local factors, such as climate and soil. Whether a sign is recognized as a geographical indication is a matter of national law. Geographical indications may be used for a wide variety of products, whether natural, agricultural or manufactured.
|
|
Design Scheme for Design Expertise to MSME Sector
|
Ans :
The beneficiary unit(s) must typically be a registered micro, small or medium enterprises as per the definition in MSMED and should have a valid UAM or Udyam Registration. The manufacturing MSMEs may be a profitable entity preferably in the last 1 year of its operations,
|
Ans :
Under MSME Innovative scheme, a MSME Innovative portal has been developed. Now all the proposals/ application will uploaded on the Innovative portal i.e (https://innovative.msme.gov.in) under the respective scheme component of MSME Innovative scheme.
|
Ans :
The objective of this component is to bring Indian manufacturing sector and Design expertise/ Design fraternity on to a common platform. It aims to provide expert advice and cost-effective solution on real time design problems for new product development, its continuous improvement and value addition in existing/new products.
The Design scheme will help MSMEs to avail advice on all aspects of design. It helps MSMEs realize and achieve their design-related objectives. This specialist advice will be provided by experienced designers for new product development as well as enhancing existing product portfolio.
|
Ans :
The Design scheme is divided in two major parts, viz., Design Projects and Design Awareness Programme.
a. Design Project - To facilitate MSMEs to develop new design strategies and or design related products through interventions and consultancy.
b. Design Awareness Programme: The objective is to create general awareness and sensitization about the value and power of design for businesses through seminars, talks, workshops etc. The purpose of these activities is to sensitize MSMEs about the usage of design/innovation in various facets of their industry.
|
Ans :
The implementing agencies for the Scheme, presently, are:
Indian Institute of Science (IISc), Bengaluru, IITs (Kanpur, Indore, BHU, Roorkee, Ropar, Bhubaneshwar), NITs (Tiruchirappalli, Warangal, Silchar, Arunachal Pradesh, Jaipur, Allahabad, J&K, Bhopal, Nagpur, Calicut, Kurukshetra, Surathkal, Raipur).
|
Ans :
All the proposals received on the MSME Innovative Portal under Design component will be evaluated by the respective IA . Upon receipt of the application, the IA will conduct a preliminary screening and may seek clarification or supplementary information from both the applicant design Consultant/company and applicant MSME.
After screening, IA will submit the application together with its recommendation to Project Monitoring & Advisory Committee (PMAC) for consideration.
|
Ans :
Financial Assistance under Design Component
i. Design Project - Financial assistance under this activity will be utilised for engagement of design consultants for design interventions and expenses pertaining to development of prototype/product. For the design projects approved for any MSME, 75% (Micro) and 60% (Small & Medium) of the total project cost will be contributed by GoI up to a maximum of Rs. 40 lakh and the remaining project cost will be borne by MSMEs and deposited to the IA.
ii. Student Project - This component supports design work of bona-fide students by providing financial assistance up to Rs. 2.5 lakh. For the student design projects approved for any MSME,75% of the total project cost will be contributed by GoI up to a maximum of Rs. 2.5 lakh and the remaining project cost will be borne by MSME and deposited to the IA
|
Ans :
: Project Monitoring and Advisory Committee (PMAC) is set-up at the office of AS&DC (MSME), who looks after the Planning, Screening, identification and such other function as deemed fit. PMAC scrutinizes all the proposals received from IAs & approve the eligible proposals along with its recommendations. PMAC have overall responsibility for policy formulation, Scheme implementation and monitoring. It is empowered to take all key decisions related to the Scheme and to approve minor modifications / procedural changes in the guidelines for operational expediency.
|
Ans :
Detailed guidelines of scheme is available at official website of O/o DC (MSME) http://www.dcmsme.gov.in/schemes/DigitalMSME-Guideline-CLCS-TUS-2019-2020.pdf
|
|
"Digital Msme" Scheme for Promotion of Information and Communication Technology (ICT) in MSME sector
|
Ans :
The main objective of scheme is to make MSMEs digitally empowered and motivate them to adopt Information and Communication Technology (ICT) tools and applications in their production & business processes with a view to improve their competitiveness in national and international market
|
Ans :
Detailed guidelines of scheme is available on the official website of O/o DC (MSME) at http://www.dcmsme.gov.in/schemes/DigitalMSME-Guideline-CLCSTUS-2019-2020.pdf.
|
Ans :
The major components are organizing awareness programme/work Shop, e-Platform & software /Apps, e-marketing, training to MSME officials, MSMEs, Professionals etc., Publicity, Impact Assessment of MSMEs.
|
Ans :
All MSMEs registered under MSME Act 2006 as amended from time to time and also MSMEs which are included as per executive orders issued by Office of DC (MSME) consistent with MSME Act from time to time.
|
Ans :
A portal displays the details Enterprise Resource Planning (ERP) including Human Resource Management, Finance & Accounting Management, Supply Chain Management, Inventory Management, Customer Relationship Management etc. Regulatory Compliances including GST etc and list of Service Providers along with their services, charges, comparative cost of similar applications, features/ specifications, service levels etc. Portal should also have provision for E-marketing related activities.
|
Ans :
Office of DC (MSME) and its field offices MSME Development Institutes, Technology Centres, Testing Centres /Central Government/ State Government and its organizations implement the scheme.
|
Ans :
No, there is no subsidy /financial assistance available under the scheme. It is only to make MSMEs digitally empowered and motivate them to adopt ICT tools and applications.
|
Ans :
Yes, as the scheme does not have any provision of subsidy /financial assistance.
|
Ans :
Knowledge sharing, information dissemination through digital mode.
|
Ans :
A Project Monitoring and Advisory Committee (PMAC) set up in the O/o DC (MSME) look after the planning, screening / identification of interventions / projects and such other functions as may be necessary to ensure effective implementation of the scheme. All proposals under the scheme is being received by Implementing Agencies (lAs) and submitted to PMAC through National Monitoring and Implementation Unit (NMIU).
|
Ans :
The present scheme is valid till March 2021.
|
Ans :
MSMEs can visit the official website of DC (MSME) www.dcmsme.gov.in for various services and information pertaining to MSME.
|
|
“Financial Support to MSMEs in ZED Certification (ZED)” Scheme
|
Ans :
The ZED Certification envisages promotion of Zero Defect Zero Effect (ZED) practices amongst MSMEs so as to:
• Develop an Ecosystem for ZED Manufacturing in MSMEs, for enhancing competitiveness and enabling exports
• Promote adoption of ZED practices and recognising the efforts of successful MSMEs
• Encourage MSMEs to achieve higher ZED Certification levels through graded incentives
• Increase public awareness on demanding Zero Defect and Zero Effect products through the MSME Sustainable (ZED) Certification
• Identify areas to improve upon, thereby assisting the Government in policy decisions and investment prioritization
|
Ans :
Detailed guidelines of scheme is available in the official website of O/o DC (MSME) at http://dcmsme.gov.in/schemes/clcs-tus/Operational_Guidelines_ZED.pdf
|
Ans :
The major components are as follows:
• Industry Awareness Programmes by Implementing Agency
• Regional/ State/ National Workshop by Implementing Agency
• Training of officials of MSME- DIs, MSME-Testing Centres, Technology Centres, Design Incubation Centres, IPFC, etc.
• Consultants/ Master Trainers' Training
• Assistance to MSME sector for Consultancy, Gap Analysis, Handholding & to move towards Zero Effect solutions by Consultants through NMIU/IAs.
• International Benchmarking and Learning Best Practices and Foreign Travels/Delegations, International Trainings relating to ZED including QMS/QTT, productivity etc.
|
Ans :
ZED certification can be attained in five levels:
Level 1: Self Certification | BRONZE
Level 2: Conformity with Standards | SILVER
Level 3: Striving for Excellence (Conformity to System Standards &compliance with Environment & Other Safeguards) | GOLD
Level 4: Achieving Excellence (Conformity to Lean Manufacturing)| DIAMOND
Level 5: ZED compliance parameters (World class MSME) | PLATINUM
|
Ans :
All manufacturing sector MSMEs registered with the UDYAM registration portal (of the MoMSME) will be eligible to participate in MSME Sustainable (ZED) Certification and avail related benefits/incentives.
|
Ans :
The ZED Scheme will be implemented nationwide through Organisations and Agencies such as QCI, NPC, Industry Chambers like CII, FICCI & ASSOCHAM, MSME-Development Institutes, MSME Technology Centres, Industry Associations, BEE, and other implementing agencies.
|
Ans :
Yes, reimbursement of fees as per scheme guideline.
|
Ans :
A Project Monitoring and Advisory Committee (PMAC) is set up in the O/o DC (MSME), look after the planning, screening / identification of interventions / projects and such other functions as may be necessary to ensure effective implementation of the scheme. PMAC is empowered to take all key decisions related to the scheme and to approve minor modifications/procedural changes in the guideline for operational expediency.
A National Monitoring and Implementation Unit (NMIU) is setup in the O/o DC (MSME) for facilitation, implementation and monitoring of the scheme involving Implementing Agencies as per directions of PMAC.
|
Ans :
MSME Sustainable (ZED) Certification is an extensive drive to create awareness amongst MSMEs about Zero Defect Zero Effect (ZED) practices and motivate and incentivize them for ZED Certification while also encouraging them to become MSME Champions. Through the journey of ZED Certification, MSMEs can reduce wastages substantially, increase productivity, enhance environmental consciousness, save energy, optimally use natural resources, expand their markets, etc. MSMEs will also be motivated to adopt best practices in work culture, standardization of products, processes and systems etc. in order to enhance their global competitiveness and sustainability. The ZED Certification aims at enhancing the competitiveness of an MSME by assessment, modification through guidance, handholding, managerial and technological intervention – not just certification.
Please visit ZED website to know about MSME Sustainable (ZED) Certification Scheme
|
Ans :
ZED Certification is not mandatory by the Government; it is a voluntary scheme which will provide the MSMEs a roadmap to global competitiveness.
|
Ans :
Visit the ZED website (https://zed.msme.gov.in/) and click on the ZED Certification tab. You will then be directed to the Login/Registration Page where you will have to put your Udyam registration number and associated mobile number to proceed further. Once the validation is done you have to read and take the ZED Pledge. You may also refer to the detailed User Manual for ZED Certification, which is available on the website and your dashboard under "My Document" section.
|
Ans :
ZED Certification is based on processes oriented quality specific standard and does not replace any other regulation/requirement or certification.
|
Ans :
Please refer to ZED website (https://zed.msme.gov.in/).
|
Ans :
The major activities under the ZED Certification Scheme are:
• Industry awareness programs, regional/state/national workshops, training of officials of DIs, TCs, DICs
• Training of Master Trainers, Assessors & Consultants
• MSME KAWACH
• Assessment, Certification and Surveillance
• Gap analysis & Handholding for improving processes
• International Benchmarking
• Financial Supports
|
Ans :
Site-assessments will be allocated to Assessment Agencies which have been accredited by Quality Council of India. The assessments will be carried out by Assessors from these accredited assessment agencies, who have undergone and passed a ZED Assessors training programme.
|
Ans :
The Gap analysis and handholding activity in the scheme will be allocated to Consulting Organizations which have been empanelled by Quality Council of India. The handholding will be carried out by Consultants from these empanelled Organisations, who have undergone and passed a ZED Consultant training Programme.
|
Ans :
Please click on https://zed.msme.gov.in/uploads/Guideline_Book.pdf
|
Ans :
Yes. The MSME Sustainable (ZED) Certification Scheme covers all the MSME sectors belonging to manufacturing.
|
Ans :
ZED certification system addresses and provides roadmap for enhancing business and greatly cutting down the cost. Though this is a voluntary scheme, the implementation of ZED will not be a burden but a boon to the MSMEs.
|
Ans :
No. Only the Udyam registered MSMEs can participate in this scheme.
|
Ans :
1. A limited-purpose joining reward of Rs. 10,000/- will be offered to each MSME once they take the ZED Pledge which needs to be utilized within a defined time period for the purpose defined.
2. The Ministry of MSME will provide a subsidy of 80% to Micro enterprises, 60% to Small enterprises & 50% to Medium enterprises. There will be an additional subsidy of 10% for the MSMEs owned by Women/SC/ST Entrepreneurs OR MSMEs in NER/Himalayan/LWE/Island territories /aspirational districts.
Cost of Certification
a. Certification Level 1: BRONZE: Rs. 10,000/-
b. Certification Level 2: SILVER: Rs. 40,000/-
c. Certification Level 3: GOLD: Rs. 90,000/-
|
|
MSME TECHNOLOGY CENTRES
|
Ans :
Technology Centers are engineering units equipped with precision machine tools and allied equipment, to designs and manufactures moulds, dies, jigs, fixtures, etc. and to produce high precision parts and components, organize training programs and provide consultancy to Industry particularly MSMEs. Some of the technology centers are based on sector specific processes like glass manufacturing, fragrance and flavors, footwear manufacturing, etc.
The existing 18 Technology Centers were set up between 1969 to 1999. However, two societies existed for the footwear manufacturing sector before 1969, which were later on upgraded to Footwear Training Centers at Chennai and Agra.
Most of the Technology Centers have training class rooms, laboratories, huge workshops, latest software for training and production purposes, hostels, canteens, etc.
|
Ans :
Objectives of Technology Centers are to provide services to the Indian industry by way of precision tooling, providing training, consultancy in the area of Tool and Die making, CAD/CAM solutions, General Engineering, Glass Manufacturing, Sports Goods, Foundry, Electronics, testing and calibration, etc. TC, Aurangabad has manufactured latest tooling for Jeep. TC, Bhubaneswar makes precision components even for defence and space applications. TC Ludhiana, TC, Ahmedabad can make complicated moulds for bottle pumps, etc.
|
Ans :
• Student can join short term programs like IoT, CAD/CAM, etc during summer vacations and upgrade their skills.
• Workers can join for skill up gradation and reskilling. MSMEs can sponsor their workforce for skilling.
• Customized training can be organized for Corporates, MNCs and MSMEs.
• New entrepreneurs can get their product developed, and manufactured. They may use rapid prototyping for new products.
• Consultancy for new enterprises can be availed.
|
Ans :
Advertisements are issued in newspapers for new courses. The interested MSMEs/ Youth should frequently visit websites of these TCs for updates. http://dcmsme.gov.in/Technology_Centres.htm
|
Ans :
The eligibility criteria for these courses are from school dropouts to M Tech Level. But most of the programs are fit for ITIs, Diploma and degree holders in engineering and other related fields.
|
Ans :
Ministry of MSME has established 18 Technology Centers, many of them through bilateral collaboration of the Governments of Germany and Denmark and the United Nations.
i. Central Tool Room & Training Centre (CTTC), Kolkata
ii. Central Tool Room (CTR), Ludhiana
iii. Indo German Tool Room (IGTR), Indore
iv. Indo German Tool Room (IGTR), Ahmedabad
v. Indo German Tool Room (IGTR), Aurangabad
vi. Indo Danish Tool Room (IDTR), Jamshedpur
vii. Central Tool Room & Training Centre (CTTC), Bhubaneswar
viii. Tool Room & Training Centre (TRTC), Guwahati
ix. Central Institute of Hand Tools (CIHT), Jalandhar
x. Central Institute of Tool Design (CITD), Hyderabad
xi. Electronics Service & Training Centre (ESTC), Ramnagar
xii. Institute for Design of Electrical Measuring Instruments(IDEMI), Mumbai.
xiii. Fragrance & Flavour Development Centre (FFDC), Kannauj.
xiv. Centre for Development of Glass Industry (CDGI), Firozabad.
xv. Process & Product Development Centre (PPDC), Agra.
xvi. Process cum Product Development Centre (PPDC), Meerut.
xvii. Central Footwear Training Institute (CFTI), Agra
xviii. Central Footwear Training Institute (CFTI), Chennai
|
Ans :
Apart from 18 TCs, Ministry of MSME, Government of India is establishing 15 Technology Centres and upgrading / modernizing the existing TCs under the Technology Centre Systems Programme (TCSP) at an estimated cost of Rs. 2,200 crore. Under this program, work on 13 new Technology Centres is in full swing. Upcoming Technology Centres would be equipped with multiple cutting edge manufacturing technologies such as CNC Machines, 3D Manufacturing/Additive Manufacturing, Laser / Ultrasonic machining, Robotics and Process Automation, Precision measurement/ Metrology equipment, for General Engineering and Automotive Sector, state-of-the art Electronics Manufacturing Facilities, Calibration and Testing Facilities for Electronic System Design and Manufacturing (ESDM) Sector.
15 new TCs (Rohtak, Bhiwadi, Baddi, Bengaluru, Durg, Puducherry, Vishakhapatnam, Sitarganj, Bhopal, Kanpur, Patna, Greater Noida, Imphal, Srepembadur, Kochi) will increase the training capacity by 120,000 trainees, taking the total capacity of all 33 TCs together to train about 3,20,000 trainees per year.
Even with the increased network of 33 TCs across India, a large base of MSMEs will still remain unserved especially in small cities and rural area. To address this issue, Hon'ble Prime Minister has announced the establishment of 20 Technology Centres and 100 Extension Centres (ECs) at an estimated cost of Rs. 6000 crore in November 2018.
|
Ans :
Training Programmes : TCs organize various short term (less than 6 months), long term and specialized training programmes for industry.
76 programs are NSQF complaint. Some of the Training programmes are recognized by AICTE, NCVT, SCVT, etc. Many TCs conduct corporate training programmes for the Graduate Engineers/Diploma Holders for reputed industries like Larsen & Toubro, TVS Group of companies, Satyam (now Tech. Mahindra) etc. Besides, organizations like HAL, Ordnance Factory Institute of Learning, NIT, Surat. The most important training programs in Tool Design, Low Cost Automation, PLC, Machinist, Mechatronics, etc.
|
Ans :
• The facilities of the Technology Centres allow for the design and manufacture of sophisticated tools, parts, components and products in conformity with international standards. The latest hardware and software available at these centres ensure professional design and 3D solid modeling.
• TC, Mumbai has latest machinery and equipment for calibration and testing of electrical appliances, ESDM gadgets.
• Technology Centers contribute to the development of technology in the country. Many of the TCs Rooms have designed & developed parts and components for high tech industries, research & developmental works of Indian Space Research Organisation (ISRO), Defence Research & Development Organsiation establishments, Bhabha Atomic Research Centre (BARC) etc. and supplied necessary tools for its various programmes.
• Besides, they also provides consultancy in the areas of product and process development, productivity / quality improvement training programmes, turnkey projects, etc.
• TCs also take up turnkey assignment for setting up Tool Room.
• TCs are equipped with proto-type product development services are available in Tool Rooms.
|
Ans :
The trainees in the Technology centers get opportunity to do on the job training for the most of the duration of the programs. Long term diploma trainees get practical working exposure on precision machines and are readily accepted by the industry.
|
Ans :
Most modern machines like CNC Milling Machine, Jig Grinding Machine, Vacuum Heat Treatment Plant, CNC Co-ordinate Measuring Machine, CNC EDM Machine, Deckel Maho 5-Axis Universal Machining Centre, 3 D Metal printing, Ultrasonic machining, electron beam welding, various simulators, etc. are installed in the Technology Centers.
|
Ans :
Latest CAD/CAM softwares including Pro-E, CATIA, UG, ANSYS, Hypermesh, Solidworks etc are used in training and production departments.
|
Ans :
Governing Council under the chairmanship of Development Commissioner (MSME), Ministry of MSME, with representatives from State Government and Industry association and entrepreneurs, is the controlling authority for the TCs.
|
Ans :
We have not started our premium service now. Our rates will be economical and will provide you great return on investment. Please contact MSME. sampark@.comgov.in for detail.
|
|
Entrepreneurship and Skill Development Programme (ESDP) Scheme
|
Ans :
Entrepreneurship development is the process of improving the skills and knowledge of aspiring and existing entrepreneurs, enhancing the capacity to develop, manage and organize a business venture while keeping in mind the risks associated with it. The whole point of entrepreneurship development is to increase the number of entrepreneurs.
|
Ans :
The O/o DC-MSME under “Development of MSMEs” vertical has been implementing “Entrepreneurship and Skill Development Programme (ESDP) Scheme” for the existing & potential entrepreneurs.Under this scheme, Ministry of MSME organises a number of programmes, which mainly focus on the process of improving the skills and knowledge of entrepreneurs, enhancing the capacity to develop, manage and organize a business venture while keeping in mind the risks associated with it.
|
Ans :
The objective of the programme is to motivate various sections of the society including SC/ST/Women, physically handicapped, Ex-servicemen and BPL persons to consider self employment or entrepreneurship as one of the career options. The ultimate objective is to promote new enterprises, capacity building of existing MSMEs and inculcating entrepreneurial culture in the country.
|
Ans :
To enhance the outreach and further consolidate the enterprise facilitation process, the, Enterprise facilitation Centre (EFCs) has been conceptualized. EFCs will act as the centre for providing available professional business development and support services to existing and growing MSEs to build a network of entrepreneurial leaders through commitment to continuous learning, process improvement, business integrity and required skill sets.
|
Ans :
The objectives of EFCs are to provide impetus to the Entrepreneurship Development activities through outreach mode, for providing hand holding support to new enterprises. To serve as one stop shop centre for all entrepreneurial needs of aspiring and existing MSME entrepreneurs, EFCs will function as Implementing Agencies for ESDP activities/training programmes.
|
Ans :
The Skill Development Vertical would primarily provide information such as potential jobs availability in the market based on in-depth market intelligence and advise the potential job seekers to get relevant skill sets through prominent institutions/agencies in pertinent sector(s).
|
Ans :
The programme includes the following activities:
1. Entrepreneurship Awareness Programme (EAP) – One Day.
2. Entrepreneurship-cum-Skill Development Programme (E-SDP) - Six Week
3. Management Development Programme (MDP) - One week
4. Advanced Entrepreneurship-cum-Skill Development Programme (A-E-SDP) - One Week
5.Advanced Management Development Programme (A-MDP) - One week
|
Ans :
One Day Entrepreneurship Awareness Programme is an activity to identify and motivate traditional/non-traditional entrepreneurs, having potential for setting up MSEs with an objective of leading them towards entrepreneurship/self-employment. IT consists of formal inaugural and technical sessions and one-to-one discussions with interested participants for counseling and mentoring. The intake capacity for the programme will be 50 to 100 persons.The age of the participants will be 18 years and above. The qualification of the participants and structure of the fees will be decided by the Director/Officer In-charge of the programme conducting organization.
|
Ans :
This six weeks Entrepreneurship-cum-Skill Development Programme (E-SDP)is aimed at conducting special entrepreneurship development programmes for new livelihood enterprise creation and rural enterprise development. This is a product-cum-process oriented activity-based programme. Comprehensive training programmes will be organized to develop new skills or upgrade existing skills of prospective entrepreneurs coupled with specific skills, hands on practice or demonstration relating to activities.
This programme is suitably tailored to the needs of trade or specific activity and the target group of trainees covered under the specific training programme.
|
Ans :
One week Management Development Programme (MDP) is aimed at capacity building of MSMEs through inputs on management practice system is to improve their decision-making capabilities resulting in higher productivity and profitability of existing and potential entrepreneurs and developing new enterprises. Inputs on a variety of topics of managerial functions will be provided to the participants by experts, which aim at dissemination of knowledge of scientific/modern management techniques/practices.
Management Training course on various areas of industrial management will be devised for owner-cum-manager and supervisory level personnel of micro, small and medium enterprises.
|
Ans :
ESDP activities/programmes will be conducted through Implementing Agencies (IAs) i.e. Office of DC MSME & its field offices, all field organizations of M/o MSME, Ministries/Departments/organizations/Corporations/PSUs/Agencies under the administrative control of Central/State Governments, as approved by the Empowered Committee headed by AS & DC(MSME) from time to time.
|
Ans :
1. All the implementing agencies shall be involved in identifying the candidates for the programme, through inviting applications.
2. The minimum age of participants in the programmes should be 18 years. The qualification for the participation into a particular programme shall be mentioned in the programme notification taking into consideration the subject of the training programme.
3. Preference would be given to the candidates from SC, ST, Women, Ex-Service Persons of Defence Forces, Divyang and BPL category persons.
|
Ans :
It depends upon the type of the programme. But there are programme for all type of participants including school dropouts to highly educated ones. Qualification will be decided by the implementing agency based on the type activity.
|
Ans :
Generally, the participants should have completed 18 year of age for participating in M/o MSME programmes under ESDP Scheme. However, head of the programme conducting organization may grant relaxation in special cases like school drop-outs etc. based on his/her judicious discretion. Normally, there would be no upper age limit.
|
Ans :
It depends upon the type of the programmes. Participation fee will be decided by the Programme Implementing Agencies and the same will be mentioned in the Programme notifications.
|
Ans :
There are total 30 MSME Development Institutes (MSME-DIs) and 31 Branch Development Institutes (Br.MSME-DIs), 18 MSME-Technology Centres situated across the country and 15 more in the process of starting training activities. Addresses and contact details of all of these institutes are available on the http://dcmsme.gov.in/Contacts.htm. One can contact their nearby institutions to know about the upcoming training programmes.
|
Ans :
The Minimum One Week Advanced E-SDP Programme will have to be conducted with the intake capacity for the programme will be about 20 participants. The Advance ESDP programmes will be conducted through IIMslIITs/ICAR/CSIRlBARC/IISC/NIT/and Agricultural University of Central and State government etc. of repute will be roped in to provide ESDP training with a financial outlay of 80% of the cost, subject to a maximum Rs.50000/- per candidate (whichever is lower). The programme duration should not be less than a week (five working days).
|
Ans :
A Minimum of one week advanced MDP Programme, will have intake capacity of 25 participants. The Advance MDP Training Programmes will be conducted through State Administrative Training Institutes (ATIs) and/or other reputed institutions in this domain of Central or State Governments NITs/ Regional Engineering Colleges/Agricultural colleges/Autonomous bodies of Central/State Governments to provide MDP training to MSMEs promoters/executives. In this programme Central/State Governments (including Ministry of MSME) Banks officers and other stakeholders can also participate to enhance their knowledge with minimum 75% MSME participants.
|
|
Promotion of MSMEs in NER-Sikkim
|
Ans :
a. Setting up new and modernization of existing Mini Technology Centres: Financial assistance up to 90% of the total project cost (maximum assistance Rs.13.50Cr.).
b. Development of new and existing Industrial Estates: Financial assistance up to 90% of the total project cost (The maximum GoI assistance per project shall be Rs.13.50 Crore for development of New industrial estate whereas Rs.9.00 Crore for development of existing Industrial Estate).
c. Development of Tourism Sector: The financial assistance of Government of India will be 90% (maximum assistance Rs.4.50 Cr.).
|
Ans :
a. Mini Technology Center :
(i) The scheme envisaged for providing financial support mainly for augmenting Infrastructure development for enhancing the productivity, sustainability, competitiveness and growth by addressing common issues such as improvement of technology, skills & quality, market access etc. of Micro, Small and Medium Enterprises (MSMEs).
(ii) Creation of common facilities to supplement manufacturing, testing, packaging, R&D, product and process innovations and training for natural resources such as fruits, spices, agri, forestry, sericulture and bamboo etc. available in NER and Sikkim.
b. Industrial Infrastructure Development :
To create/ upgrade infrastructural facilities in the new/existing Industrial Areas including Flatted Factory Complexes for MSMEs. The infrastructure facilities will include power distribution system, water, telecommunication, drainage & pollution control facilities, roads, storage and marketing outlets etc.
c. Development of Tourism Sector :
Development of tourism sector in NER and Sikkim by creation of common services such as kitchen, bakery, laundry & dry cleaning, refrigeration and cold storage, IT infra, potable water, display centre for local products, centre for cultural activities etc. in a cluster of home stays.
|
Ans :
Infrastructure facilities like roads; water supply; water harvesting; drainage; power, ETPs and Administrative Services like office building, telecommunication/ cyber centre/ documentation centre, Conference Hall/ Exhibition centre, Raw material storage facility, Marketing outlets/ First Aid Centre, Creche, Canteen facilities etc.
|
Ans :
1. Setting up new and modernization of existing Mini Technology
Centers- 36 Months
2. Development of new and existing Industrial Estates- 30 Months
3. Development of Tourism Sector-18 Months
|
Ans :
State Government organizations/ departments engaged in promotion of MSMEs in NER.
|
Ans :
Yes, an individual /MSMEs/NGOs can avail the benefits through Technology Centres /Tool Rooms or common Facility Centres set up for tourism sector as per his/her requirement.
|
|
|
Ans :
a. Geo tagging of the project.
b. DPR to be forwarded through MSME-DFO along with comments of
stakeholders.
|
Ans :
Detailed Project Report (DPR) covering aspects like the status and potential of the enterprises of the region, proposed location, demand analysis of sector to be served, objective of the project, services to be offered, organizational structure, capital cost (Building, plant & machinery including other infrastructure facilities), operating expenses, total estimated cost of Mini Technology Centre/ID Project/Tourism Project, funding pattern, Implementing Agency, cash flow analysis indicating techno-economic viability of the project and projection on outcome of the project on increase in percentage of revenue of MSMEs receiving assistance under the project and number of employment opportunities generated.
|
Ans :
The procurement of Plant & Machinery will be done through e –tendering (either through GeM or Central public procurement portal) as per GFR and CVC guidelines by a committee constituted by the State Government. Director/HoO MSME-DFO and representative from implementing agency will be the member of the committee. Other members may be decided by the State Govt.
|
Ans :
The State Government will constitute a Committee to specify plant & machinery required for a project.
|
Ans :
No, Land should be arranged by the State Government/ State Implementing Agency.
|
Ans :
Concerned State Government/ State Implementing Agency.
|
Ans :
Funds will be released to implementing agency in three installments in the ratio of 50:40:10 after final approval, depending upon the implementation plan, progress made, requirements of funds etc. Funds will be released only after upfront contribution by the State Govt. in proportionate contribution and recommendation of a committee under the chairmanship of Director/ HoO MSME-DFO of concerned State comprising of representatives from Directorate of Industries or any other State Govt. organization engaged in promotion of MSMEs and one from Implementing Agency.
GoI grant can only be resealed under the scheme after the full compliance of Ministry of Finance O.M No 1(18)/PFMS/FCD/2021 dated 9th March, 2022 in respect of Central Nodal Account & State Nodal Account.
|
Ans :
State Govt. Agencies to Department of Industries in the state to
Br.MSME-DFO/MSME-DFO to O/o DCMSME to PAMC
|
Ans :
Project Approval and Monitoring Committee (PAMC) under the Chairmanship of Secretary, MSME, Govt. of India.
|
Ans :
Scheme guidelines are available on the website of O/o DC MSME, M/o MSME viz. www.dcmsme.gov.in(http://www.dcmsme.gov.in/schemes/ Revised_Guidelines_on_31May2022.pdf)
|
Ans :
MSME-Development & Facilitation Office under office of the Development Commissioner (MSME), Website : http://dcmsme.gov.in
|
Ans :
1. Shri U.C. Shukla, Director (NER), O/o DC MSME, email- umeshshukla @dcmsme.gov.in, Ph.011-23062230.
2. Shri. Kuldip Singh, Asstt. Director-I O/o DCMSME,email- ksingh@ dcmsme.gov.in, Ph.011-23063805, Extn. 2453.
3. Ms. Arti Singh Katiyar, Asstt. Director-II O/o DCMSME, email-askatiyar@ dcmsme.gov.in , Ph.011-23063806, Extn. 2446.
|
|
MSME Testing Centers- Quality Facilitation for MSMEs
|
Ans :
• To promote Standardisation in MSME sector: MSME TCs provides common testing facilities to ensure that the products manufactured by the MSME units are of national/international standards.
• To help the MSMEs for improving and maintaining the quality of Raw Materials/Intermediate/Final products etc.
• To help the MSMEs to improve their process by providing calibration facility for Measuring Instruments.
• To provide testing facility for export products though Export Facilitation Centres.
|
Ans :
Ministry of MSME is having a network of 4 MSME Testing Centres & 7 MSME Testing Stations across the country. These MSME Testing Centres and Testing Stations are equipped with state-of-the-art testing and calibration facilities for helping MSMEs/Non-MSMEs and also Government, Ministries/Departments/Organisations to get their raw materials & products tested & instruments calibrated in the field of Mechanical, Chemical, Electrical and Metallurgy Engineering.
These MSME Testing Centres and Stations also offer different training courses in the field of testing for students of Science/Engineering Graduates/Diploma/ITI and employees of MSMEs & PSUs, etc.
The details of Testing Centres and Testing Stations are as below:
a. TESTING CENTRES
1. MSME TC, New Delhi web- (www.msme-tc-nr.gov.in)
2. MSME TC, Kolkata web (www.rtcer.nic.in)
3. MSME TC, Mumbai web- (www.msmetcmumbai.gov.in)
4. MSME TC, Chennai web- (www.msmetc.com)
b. TESTING STATIONS
1. MSME-Testing Station, Hyderabad
2. MSME-Testing Station, Bangaluru
3. MSME-Testing Station, Kolhapur
4. MSME-Testing Station, Puducherry
5. MSME-Testing Station, Ettumanur
6.MSME-Testing Station, Bhopal
7.MSME-Testing Station, Jaipur
|
Ans :
Small and Micro Enterprises (SMEs) can avail concession in testing charges upto 20 % on the normal test charges. SMEs can avail the concession on charges on submitting copy of the UAM/Udyam Registration certificate at the time booking the sample.
|
Ans :
The specimen and product submitted for testing / calibration is considered as sample. Drawing the sample from a lot (That is sampling) is not coming under the scope of the of NABL accreditation. Please note that all the Test Reports are issued to the specific sample submitted by the Customer.
|
Ans :
(a) A letter from the customer clearly stating the description of the product, identification marks (if any), tests to be performed or parameter to be calibrated, product specification(Indian Standards IS no). grade of the product.
(b) Copy of online Payment receipt. If customer is belonging to SMEs, a copy of UR.
(c) Required quantity of Sample
|
Ans :
Yes, Sample can be sent by courier or post along with letter and receipt of payment as stated above.
|
Ans :
Customers can obtain All the Tests / Calibration charges by sending enquiry through email/ post to respective Testing Centres/Testing Stations.
|
Ans :
Yes. Full test charges have to be paid in advance before submitting the sample.
|
Ans :
No. The Charges given are not inclusive of GST. GST levied on the total test charges including postal charges. The percentage of GST varies as and when Government issues notification. At present GST charged @ 18%.
|
Ans :
NO, as per central Govt policy not service charges shall be paid by Cash/DD/ Net Banking. All Charges shall be paid only through online Non-Tax Receipt Portal (NTRP) portal only (www.bharthkosh.gov.in).
|
Ans :
Yes. Customers are allowed to pay the charges compartmentally. But the payment should have been made fully, before the sample is booked for testing / calibration.
|
Ans :
Customers are required to fill a contract form with the help of CSC officials where you will be informed a Customer reference ID. Customers shall enquire the status of their Test Report quoting the Reference ID.
|
Ans :
MSME-TCs files GST returns regularly on a monthly basis. So after the filing of GSTR – 2B, you can see the total Input Tax Credit available in your GST account_
|
Ans :
We will send a Link for Downloading Test / Calibration Report in Softcopy to your Registered E- mail (Passwords & User Id Also provided into this mail).The original copy will be despatched through Speed Post of GoI.
|
Ans :
Yes. The visiting person should produce a proper authorization letter duly signed from the original Customer for collection of report at the Customer Service Cell. The test/calibration report shall be handed over to him immediately.
|
Ans :
To collect / return back the residual sample after testing and calibrated items after calibration, prior written request to be done at the time of submission of job. You have to submit an authorised letter to this office regarding collection of samples/items. Then we will issue you a gate pass which will allow you to take your material/equipment out from our Testing centre. You must collect the items mentioned in your letter within 3 months from completion of Test/Calibration.
|
Ans :
• Physical testing and Chemical Testing/Analysis of Ferrous/Non ferrous materials
• Paints and Chemicals
• Export food products for radionuclide
• Water (Potable & Construction purpose)
• Packaged Drinking Water and Packaged Natural Mineral Water (all tests including microbiology and Radiology Analysis as per Indian Standards)
• Building materials- Cement, Bricks, aggregate, plywood, wood, tiles, concrete cubes, paver blocks, Manhole cover, etc
• Cables & conductors
• Transmission line accessories
• Domestic Electrical appliances
• Leather Goods and Footwear
• Other products like -milk can, wash basin / SS Sink etc.
The above details are indicative, you may contact MSME Testing Centres for specific testing queries.
|
Ans :
• NABL accreditation as per ISO/IEC 17025:2017 for all laboratories.
• AERB recognized testing for presence of radioactive material such as Alpha, Beta & Gamma emitters
• BIS recognition for testing of products
• Well recognized and acknowledged by IGCAR,Kalpakkam/RITES/AAI/ State & Central PWD/Railways/Defence Establishment, TANGEDCO, NTPC, NLC, etc
Above Accreditations will vary from TCs to TCs.
|
Ans :
If contractor produces a letter from the Government Department / PSU, the Report will be issued in the name as mentioned in their letter. However, if contractor does not have any such letter, he has to give a letter in his letter head or plain paper, requesting to issue the Test Report in another Name & Address. While issuing the Test Report, contractor's letter reference will be mentioned in the Test Report.
|
Ans :
The time taken for completing of tests and issue of Test Report will be informed at the time of submitting the sample. Because, the lead time varies depending upon the number of test(s) / type(s) of tests requested at the time of booking the sample. The lead time completely depends on the Test Specification. In addition, issue of Test Reports will depend upon the work load of our laboratory personnel. It depends on other factors like, Power failure, Breakdown of testing machines, man power shortage etc. However, we will ensure our level best to deliver the Test Report in time.
|
Ans :
Customers are allowed to witness the test method being performed at our Centre on payment of witness charges per person. In case the remains of the submitted samples can be taken for re-test, customers can witness the same by paying the test charges + witness charges, again. If the samples are perishable in nature, customer can again submit his sample for test and witness the same on payment of required charges. Please note that all the Test Reports are issued to the specific sample submitted by the Customer. Therefore, TCs will not be responsible for variation in test results, in case of submission of fresh samples
|
Ans :
In case of Technical Error or due to typing error, the same may be reported to our CSC in writing. Necessary action will be taken in consultation with the concerned Lab, revised Test Report will be issued by us at no cost. Correction required from customer side like change of address etc. revised Test Reports will be given on written request. But issue of Revised Test Report for free of cost, cannot be claimed as a matter of right.
|
Ans :
MSME-TC can help a unit with proper guidance about testing requirements for exporting of products through Export Facilitation Centre (EFC).
|
Ans :
BIS Bureau of Indian Standards. BIS Certification is a means for providing third party guarantee of quality, safety and reliability of products to the customer. BIS Certification is voluntary in nature; however, the Government of India has made BIS certification mandatory for certain products taking into consideration public health.BIS is the nodal agency in India to represent at International level for formulation of standards’ of the products.
|
Ans :
NABL is the National Accreditation Board for Testing and Calibration Laboratories. It is a self-governing body under the guidance of Science and Technology. India aims to provide certification for testing and calibration in Indian clinical laboratories.
It is the only government-approved certification body. NABL, which provides third-party assessments of laboratory quality and technical capabilities, also shares links with the Asia Pacific Laboratory Accreditation Collaboration and International Laboratory Accreditation Collaboration.
|
Ans :
ILAC is the International Organisation for Accreditation Cooperation operating in accordance with ISO/IEC 17011 and involved in the assessment and accreditation of calibration laboratories (using ISO/IEC 17025), testing laboratories (using ISO/IEC 17025), medical testing laboratories (using ISO 15189) and inspection bodies (using ISO/IEC 17020).
|
Ans :
APLAC is Asia Pacific Laboratory Accreditation Cooperation. APLAC is an organisation of laboratory accreditation bodies in the Asia Pacific area that have expressed a desire to cooperate in fostering the development of competent laboratories in member economies. Cooperation is to include: - Exchange of information. -
|
Ans :
FPO stands for Fruit Products Order. Food process order or FPO mark is issued by the Ministry of Food processing Industry which also develops the standards for this mark. The mark was named after the law called Fruit Products offer.
|
Ans :
European Standards (ENs) are documents that have been ratified by one of the three European Standardization Organizations (ESOs), CEN, CENELEC or ETSI; recognized as competent in the area of voluntary technical standardization as for the EU Regulation 1025/2012.
|
Ans :
Quality Control. A system for verifying and maintaining a desired level of quality in a product or process by careful planning, use of proper equipment, continued inspection, and corrective action as required
|
Ans :
BEE rating is an energy efficiency standard for appliances sold in India. These star labels are issued by the Bureau of Energy Efficiency (BEE), which is an Indian government agency that falls under the Ministry of Power. Whenever you're shopping for appliances such as refrigerators, air conditioners, or geysers, you might have noticed star rating stickers on the appliances. These are called BEE star labels and they show how much electricity the appliance consumes in a year.
|
Ans :
MSME can get a guideline through the CHAMPIONS portal regarding testing of their products in MSME – TC / TS in the selection of right specification as well as to maintain their Equipment / Instruments up to the Standard by getting calibrated from TC/TS.
|
|
MSME-Sampark
|
Ans :
• We are recruiter centric rather than job seeker centric. We offer free job postings to our esteem recruiters with authenticated and quality resume from our technology centers current & passed out student pools.
• We do one round of resume screening before it goes to our resume database & online portal. Key profile attributes of our students are validated before it goes to resume pool.
• Our recruiters do not have to pay for any number of resumes and job postings. Our technology centers specialists help you on job posting and resume sort listing through our 24*7 contact center service.
• We provide premium services like assistance in assessment, interview, sort listing and special training for your candidates from our experts with very minimal pricing.
|
Ans :
There is no restriction of resumes downloads or search.
|
Ans :
The Services will be activated between 60-90 mins during work hours. Monday-Sunday 9.30 am-6.30pm IST.
|
Ans :
We provide fully automated interface which sorts resume based upon your inputs before sending it to you. However, our customer interface team will assist you for job search and sorting if required.
|
Ans :
Search fields available are - Key Skills, Experience (Min. to Max.), Location (current and preferred), Industry, Roles, Education (highest degree, specialization, passing year), Previous/Current Employer, Designation, Notice Period, Current Work Location, and Freshness of Resumes (one day old resumes).
|
Ans :
No, at moment there is no option to filter the resume with Visa.
|
Ans :
Yes, you will access all new, updated resumes any time.
|
|
Samadhaan Portal
|
Ans :
MSME Samadhaan is a Portal created by Office of DC(MSME), Ministry of Micro, Small and Medium Enterprises (MSME) where Micro and Small Enterprises (MSEs) can file their applications online regarding delayed payments.
|
Ans :
No, MSME SAMADHAAN online portal is developed by Ministry of MSME only to facilitate MSEs filing of their applications regarding delayed payments online. The application once filed is forwarded automatically online to the concerned Micro and Small Enterprise Facilitation Council (MSEFC) established by the State/UTs as per the provisions of MSMED-Act 2006. Action on the applications regarding delayed payment is taken by the concerned MSEFC only.
|
Ans :
No. Only the MSEFCs have been empowered as per MSMED Act, 2006 for taking decisions regarding its reference made with them. This office does not intervene in the matters of MSEFC. In short Ministry of MSME cannot interfere with judicial functioning of MSEFC.
|
Ans :
Yes, UAM is mandatory to file applications online on MSME Samadhaan Portal.
|
Ans :
Registration for Udyog Aadhaar can be done online on the official website of Ministry of MSME free of cost at following address :
|
Ans :
No. MSME Samadhaan Portal has been created only to facilitate online applications regarding delayed payments. Physical applications can also be filed at the concerned MSEFC.
|
Ans :
The applications are converted into case by the concerned MSEFC.
|
Ans :
After submission, the application is automatically forwarded online to concerned MSEFC. Therefore, concerned MSEFC is to be contacted after filing the application online on MSME Samadhaan Portal. The contact address of concerned MSEFC is mentioned on the acknowledgement sent on the registered email of the applicant.
|
Ans :
Yes, work order is compulsory. In case purchase order is oral an affidavit to that effect is to be submitted.
|
Ans :
Multiple invoices can be combined into single PDF and can be uploaded. The affidavit of oral purchase order is to be included in single PDF.
|
Ans :
No. MSME Samadhaan Portal has been created only to facilitate online applications regarding delayed payments. Physical applications can also be filed at the concerned MSEFC.
|
Ans :
The applications are converted into case by the concerned MSEFC.
|
Ans :
After submission, the application is automatically forwarded online to concerned MSEFC. Therefore, concerned MSEFC is to be contacted after filing the application online on MSME Samadhaan Portal. The contact address of concerned MSEFC is mentioned on the acknowledgement sent on the registered email of the applicant.
|
Ans :
Yes, work order is compulsory. In case purchase order is oral an affidavit to that effect is to be submitted.
|
Ans :
Multiple invoices can be combined into single PDF and can be uploaded. The affidavit of oral purchase order is to be included in single PDF.
|
Ans :
The OTP is sent to the registered email ID in Udyog Aadhaar.
|
Ans :
Categories admitted in MSEFCs are in respect of good manufacturing and service rendering sector for which UAM has been obtained. These categories cannot be challenged by the respondent/buyer.
|
Ans :
Application under Section 19 of the MSMED Act, 2006 cannot be entertained by any court. Deposited amount can be released to the applicant as per the directions to the Court.
|
Ans :
No. It is the act of court for which applicant cannot suffer.
|
Ans :
No. The silence of buyer is confirmation of liabilities upon him.
|
Ans :
No. This time period begins only after notice of Arbitration under Section 18(3) of MSMED Act, 2006.
|
Ans :
Yes. It is called award by mutual consent. It is valid award and buyer cannot make appeal against it.
|
Ans :
They are judges having equal power. They should be well-versed in factual aspect of the case before them.
|
Ans :
No. But the meeting/proceeding can take place, if Coram of three members is complete, members can elect the Chairperson and take further proceedings. It is necessary to mention why Chairperson could not attend the hearing.
|
Ans :
Yes. Member Secretary is acting as Registrar of MSEFC and judge also when he sits in Council.
|
|
|
Ans :
Only the claim under Section 6 of Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertaking Act, 1993 if pending, before IFC or Civil Courts, they can be considered. However, to approach the MSEFC, liberty of court is to be obtained on earlier claims.
|
Ans :
No. The petition is to be rejected summarily.
|
Ans :
It is not hurdle in the matter of claim.
|
Ans :
Yes. It includes in the total due amount.
|
Ans :
Breach of contract is not within scope of MSMED Act, 2006. Rejection of goods should be genuine within 15 days of the receipt of goods and its immediate communication to supplier.
|
Ans :
On a monthly compounding basis.
|
|
|
Ans :
Yes, the member can dissent. It is to be recorded. But majority decision prevails.
|
Ans :
Yes, diverse view is taken by Bombay High court. But Supreme Court says that conciliation and arbitration are the legally vested functions of the Council.
|
|
|
Ans :
No. It is not commercial conciliation or analysis of various contractual liabilities. It is simple arbitration to get compliance of Section 16 of MSMED Act, 2006.
|
Ans :
State government under Section 20 of MSMED Act, 2006.
|
Ans :
Procedure is under Section 36 of Arbitration and Conciliation Act, 1996.
|
Ans :
No. After final award it becomes “Funcous officio” means having no relation to award.
|
|
|
Ans :
The Council is not required to appear in any court as it is only a formal party.
|
Ans :
The date of receipt of the copy of award is only effective date.
|
Ans :
If amount is claimed in the Civil Court, then it cannot be claimed before MSEFC.
|
Ans :
It is to be decided as per instructions of the Higher Court.
|
Ans :
The Award by MSEFC is to be communicated to Interim Resolution Professional (IRP) and then to NCLT as per procedural law.
|
Ans :
Yes. The Award Holder is considered as a secured creditor.
|
Ans :
Yes, in partnership liabilities are unlimited. It is a lengthy procedure as first claim is to be kept alive.
|
Ans :
Yes. By way of irrevocable power of Attorney. His commitment must be binding upon buyer. Resolution is required for this.
|
Ans :
Yes. No limitation is applicable in Arbitration by Council. But, delay and latches principle is applicable. Supplier sleeping over his legal rights cannot get assistance of Council.
|
Ans :
Law of limitation is not applicable. However, there should not be delay and latches on the part of the supplier.
|
Ans :
It is only summery proceedings and on the basis of affidavits of both the parties, the dispute can be resolved.
|
Ans :
The MSMED Act, 2006 is set in motion after supplies of goods and services made by supplier and buyer accepts them but does not pay the bill within 45 days.
|
Ans :
Petition with Purchase Order, Bills, delivery challans of goods and services and demand letter etc. are to be kept if the matter is challenged in any higher court. In any other case, where the amount is already realized by the supplier, it is at the discretion of the MSEFC.
|
Ans :
Yes. Email is legal document and even Whattsapp.
|
Ans :
Yes. It is necessary as submission is required duly signed and verified.
|
Ans :
The notice of Council is to be published in daily Newspaper of the area where the Respondent is located, with the orders of Council after 3 notices are issued.
|
Ans :
It is at the discretion of the MSEFC Council and it can exercise it own diligence by giving opportunity to the applicant since he has to prove his claim before council.
|
Ans :
Yes. When the supplier is a micro or small enterprises and agreement is made between Micro/ Small Enterprises in India. Goods are purchased/taken by foreign buyer and he returns to his country. Payment terms are not honored in these circumstances, matter can be filed before the Council. After following due procedure of law, the Council can issue award and same could be sent to both Consulates i.e Foreign buyers Consulate in that country. It can be enforced.
|
Ans :
Yes. With English also so that Higher Court should understand later on.
|
Ans :
Claim preparation is the responsibility of the claimant. It is advisable to get certified from C.A.
|
Ans :
Deceased buyer is liable through his legal heirs: But dissolved company is always under some authority and claim is maintainable.
|
Ans :
A Company through its M.D. with resolution of Board of Directors and Partnership firms through its Managing Partner/s.
|
Ans :
No. Acknowledgement on invoice, delivery challans or part payment, email etc. all are accepted.
|
Ans :
No. On the contrary they are expected to act without fear and favour.
|
Ans :
Original is to be retained by the MSEFC and only certified copies to be delivered. Award should bear round seal on every page. Yes.
|
Ans :
The Coram of three Members physically is must.
|
Ans :
MSME Samadhaan is a Portal created by Office of DC(MSME), Ministry of Micro, Small and Medium Enterprises (MSME) where Micro and Small Enterprises (MSEs) can file their applications online regarding delayed payments.
|
Ans :
No, MSME SAMADHAAN online portal is developed by Ministry of MSME only to facilitate MSEs filing of their applications regarding delayed payments online. The application once filed is forwarded automatically online to the concerned Micro and Small Enterprise Facilitation Council (MSEFC) established by the State/UTs as per the provisions of MSMED-Act 2006. Action on the applications regarding delayed payment is taken by the concerned MSEFC only.
|
Ans :
No. Only the MSEFCs have been empowered as per MSMED Act, 2006 for taking decisions regarding its reference made with them. This office does not intervene in the matters of MSEFC. In short Ministry of MSME cannot interfere with judicial functioning of MSEFC.
|
Ans :
Yes, UAM is mandatory to file applications online on MSME Samadhaan Portal.
|
Ans :
Registration for Udyog Aadhaar can be done online on the official website of Ministry of MSME free of cost at following address :
|
Ans :
No. MSME Samadhaan Portal has been created only to facilitate online applications regarding delayed payments. Physical applications can also be filed at the concerned MSEFC.
|
Ans :
The applications are converted into case by the concerned MSEFC.
|
Ans :
After submission, the application is automatically forwarded online to concerned MSEFC. Therefore, concerned MSEFC is to be contacted after filing the application online on MSME Samadhaan Portal. The contact address of concerned MSEFC is mentioned on the acknowledgement sent on the registered email of the applicant.
|
Ans :
Yes, work order is compulsory. In case purchase order is oral an affidavit to that effect is to be submitted.
|
Ans :
Multiple invoices can be combined into single PDF and can be uploaded. The affidavit of oral purchase order is to be included in single PDF.
|
Ans :
The OTP is sent to the registered email ID in Udyog Aadhaar.
|
Ans :
Categories admitted in MSEFCs are in respect of good manufacturing and service rendering sector for which UAM has been obtained. These categories cannot be challenged by the respondent/buyer.
|
Ans :
Application under Section 19 of the MSMED Act, 2006 cannot be entertained by any court. Deposited amount can be released to the applicant as per the directions to the Court.
|
Ans :
No. It is the act of court for which applicant cannot suffer.
|
Ans :
No. The silence of buyer is confirmation of liabilities upon him.
|
Ans :
No. This time period begins only after notice of Arbitration under Section 18(3) of MSMED Act, 2006.
|
Ans :
Yes. It is called award by mutual consent. It is valid award and buyer cannot make appeal against it.
|
Ans :
They are judges having equal power. They should be well-versed in factual aspect of the case before them.
|
Ans :
No. But the meeting/proceeding can take place, if Coram of three members is complete, members can elect the Chairperson and take further proceedings. It is necessary to mention why Chairperson could not attend the hearing.
|
Ans :
Yes. Member Secretary is acting as Registrar of MSEFC and judge also when he sits in Council.
|
|
|
|
|
Ans :
Only the claim under Section 6 of Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertaking Act, 1993 if pending, before IFC or Civil Courts, they can be considered. However, to approach the MSEFC, liberty of court is to be obtained on earlier claims.
|
Ans :
No. The petition is to be rejected summarily.
|
Ans :
It is not hurdle in the matter of claim.
|
Ans :
Yes. It includes in the total due amount.
|
Ans :
Breach of contract is not within scope of MSMED Act, 2006. Rejection of goods should be genuine within 15 days of the receipt of goods and its immediate communication to supplier.
|
Ans :
On a monthly compounding basis.
|
|
|
Ans :
Yes, the member can dissent. It is to be recorded. But majority decision prevails.
|
Ans :
Yes, diverse view is taken by Bombay High court. But Supreme Court says that conciliation and arbitration are the legally vested functions of the Council.
|
|
|
|
|
Ans :
No. It is not commercial conciliation or analysis of various contractual liabilities. It is simple arbitration to get compliance of Section 16 of MSMED Act, 2006.
|
Ans :
State government under Section 20 of MSMED Act, 2006.
|
Ans :
Procedure is under Section 36 of Arbitration and Conciliation Act, 1996.
|
Ans :
No. After final award it becomes “Funcous officio” means having no relation to award.
|
|
|
Ans :
The Council is not required to appear in any court as it is only a formal party.
|
|
|
Ans :
The date of receipt of the copy of award is only effective date.
|
Ans :
If amount is claimed in the Civil Court, then it cannot be claimed before MSEFC.
|
Ans :
It is to be decided as per instructions of the Higher Court.
|
Ans :
The Award by MSEFC is to be communicated to Interim Resolution Professional (IRP) and then to NCLT as per procedural law.
|
Ans :
Yes. The Award Holder is considered as a secured creditor.
|
Ans :
Yes, in partnership liabilities are unlimited. It is a lengthy procedure as first claim is to be kept alive.
|
Ans :
Yes. By way of irrevocable power of Attorney. His commitment must be binding upon buyer. Resolution is required for this.
|
Ans :
Yes. No limitation is applicable in Arbitration by Council. But, delay and latches principle is applicable. Supplier sleeping over his legal rights cannot get assistance of Council.
|
Ans :
Law of limitation is not applicable. However, there should not be delay and latches on the part of the supplier.
|
Ans :
It is only summery proceedings and on the basis of affidavits of both the parties, the dispute can be resolved.
|
Ans :
The MSMED Act, 2006 is set in motion after supplies of goods and services made by supplier and buyer accepts them but does not pay the bill within 45 days.
|
Ans :
Petition with Purchase Order, Bills, delivery challans of goods and services and demand letter etc. are to be kept if the matter is challenged in any higher court. In any other case, where the amount is already realized by the supplier, it is at the discretion of the MSEFC.
|
Ans :
Yes. Email is legal document and even Whattsapp.
|
Ans :
Yes. It is necessary as submission is required duly signed and verified.
|
Ans :
The notice of Council is to be published in daily Newspaper of the area where the Respondent is located, with the orders of Council after 3 notices are issued.
|
Ans :
It is at the discretion of the MSEFC Council and it can exercise it own diligence by giving opportunity to the applicant since he has to prove his claim before council.
|
Ans :
Yes. When the supplier is a micro or small enterprises and agreement is made between Micro/ Small Enterprises in India. Goods are purchased/taken by foreign buyer and he returns to his country. Payment terms are not honored in these circumstances, matter can be filed before the Council. After following due procedure of law, the Council can issue award and same could be sent to both Consulates i.e Foreign buyers Consulate in that country. It can be enforced.
|
|
|
Ans :
Yes. With English also so that Higher Court should understand later on.
|
Ans :
Claim preparation is the responsibility of the claimant. It is advisable to get certified from C.A.
|
Ans :
Deceased buyer is liable through his legal heirs: But dissolved company is always under some authority and claim is maintainable.
|
Ans :
A Company through its M.D. with resolution of Board of Directors and Partnership firms through its Managing Partner/s.
|
Ans :
No. Acknowledgement on invoice, delivery challans or part payment, email etc. all are accepted.
|
Ans :
No. On the contrary they are expected to act without fear and favour.
|
|
|
|
|
Ans :
Original is to be retained by the MSEFC and only certified copies to be delivered. Award should bear round seal on every page. Yes.
|
Ans :
The Coram of three Members physically is must.
|
|
Consortia and Tender Marketing Scheme
|
Ans :
Micro & Small Enterprise in their Individual Capacity faces problems to procure and execute large order, which inhibit and restrict their growth. NSIC accordingly, adopts Consortia approach and forms consortia of units manufacturing the same products, thereby easing out marketing problems of MSEs.
|
Ans :
The scheme will cover Micro & Small Enterprises registered with NSIC under its Single Point Registration Scheme (SPRS). It would also cover Micro & Small Enterprises who apply to get themselves registered with NSIC under the SPRS along with all required documents in terms of the scheme and their factory is inspected before filing of tender in terms of the Tender Marketing Scheme. The scheme shall not cover unit(s) engaging in ‘trading activities’ without value addition/packing/ branding.
|
Ans :
Yes, NSIC can take the followings: -
(i) Goods/ stores
(ii) Machinery/Technology
(iii) Turnkey Projects
(iv) Services (including fabrication works where the buyer provides material to be fabricated and installed at its site).
In cases of above wherever along with supply of items as at (ii) and (iii) above, and services at (iv) above, Annual Maintenance is also required, the same shall also be covered.
|
Ans :
Yes, to physically verify the MSEs who wants to supply their goods / services are in production and having the infrastructure to execute the tender in which they want to supply their goods/services.
|
Ans :
Minimum two number of MSEs
|
Ans :
Yes, Consortium leader so elected would be empowered to interact with NSIC office for participation in tenders and related matters
|
Ans :
After issuing of Public Procurement Order 2012 for MSEs, the Security Deposit has been abolished.
|
Ans :
The participating MSEs will provide either Back-to-Back Bank Guarantee or deposit 100% value of Security Deposit for the period of which Bank Guarantee given by NSIC to the Buying Department.
|
|
|
Ans :
300% of the monetary limit fixed for the unit under the Single Point Registration Scheme. While participating in a tender as consortia, the overall limit to be fixed for units operating as a consortium, the limits fixed in respect of individual unit, shall be clubbed.
|
Ans :
The limit fixed shall remain valid for a year and is subject to review/ renewal annually.
|
Ans :
S. No Category Annual / Renewal Fee
1 If Monetary Limit under SPRS is up to Rs. 100 lacs Rs. 1000+GST
2 If Monetary Limit under SPRS is more Rs. 100 lacs and up to Rs. 500 lacs Rs. 2500+GST
3 If Monetary Limit under SPRS is above Rs. 500 lacs Rs. 5000+GST
Units owned by SC/ST entrepreneurs are exempted from the enlistment fee
There will be no fee for the formation of new / renewal of Consortia. However, while at the time of participation in tender by consortia members, enlistment fee mentioned above will be applicable.
|
Ans :
Yes.
(i) In case EMD and/ or security deposit are arranged by the unit or when EMD/SD are exempted by the purchaser, the Corporation shall be entitled to Service Charges of 2.5% of the Bill value in case of individual units, excluding duties, taxes and other charges and 2% of the Bill value in case of consortia, excluding duties, taxes and other charges;
iii. In case EMD and/ or security deposit are arranged by NSIC, the Corporation shall be entitled to charge 1% additional services charges on 2.5% of the Bill value in case of individual units and 2% of the Bill value in case of consortia, excluding duties, taxes and other charges;
|
Ans :
While participating in tenders the consortia members will get the benefit of 0.5% in service charges.
|
Ans :
All the charges for Bank Guarantee, Security Deposit, Performance Bank Guarantee etc. will be borne by the unit.
|
Ans :
Yes. MSEs willing to avail financial assistance for the supplies against each tender made by them can apply under the Bill Discounting Scheme of the Corporation.
|
Ans :
Every Central Ministries / Departments / PSUs shall set an annual goal of minimum 25% of the total annual purchases of the products or services produced or rendered by MSEs.
|
Ans :
Out of annual requirement of 25% procurement from MSEs, 4% is earmarked for units owned by Scheduled Castes / Scheduled Tribes and 3% is earmarked for units owned by women entrepreneurs
|
Ans :
Yes. As per Public Procurement Order 2012 for MSEs which is mandatory from 2015, annual goal of procurement also includes consortia of MSEs formed by NSIC.
|
|
|
|
|
Ans :
In tender participation, MSEs quoting price within the price band of L1+15 percent shall also be allowed to supply a portion upto 25% of requirement by bringing down their price to L1 price where L1 is non MSEs.
|
Ans :
The enlistment certificate under the Tender Marketing Scheme can be revoked in case the unit failed to supply/comply order including specification, size, quantity, quality and/or wrong delivery, non-delivery, short-delivery, delayed delivery, defective delivery etc. of goods/services.
|
|
NSIC’s Raw Material Assistance Scheme
|
Ans :
In order to assist the Micro, Small and Medium Enterprises (MSMEs) in procuring the raw material(s), NSIC arranges to provide raw material as per specific needs and requirement of the unit(s).
The facilitation under the scheme is towards:
(a) Procurement of raw materials and other inputs viz., Aluminum, Zinc, Copper, Iron & Steel, Paraffin wax, Coal, Polymer products etc., by signing Memorandum of Understanding with the bulk manufacturers.
(b) Godown operation of bulk manufacturers.
(c) Procurement of other Raw Materials and other inputs from the suppliers / manufacturers (other than as mentioned at a & b above) on the specific request of MSMEs.
|
Ans :
Any manufacturing/Service MSME having Udyam Registration Certificate can apply for the assistance under the Scheme.
|
Ans :
No trading activity allowed under Raw Materials Assistance Scheme.
|
Ans :
NSIC facilitates MSMEs in raw material procurement in both ways i.e. against advance payment and also on credit, as per the requirement of MSMEs
|
Ans :
Any MSME needs raw material through NSIC may apply to any of the NSIC field office for Raw Material Assistance in the prescribed application forms, which can be downloaded from NSIC‟s web site (www.nsic.co.in) or may be obtained from any of the field offices.
|
Ans :
The duly filled in application form along with prescribed documents can be submitted with the nearest branch office of NSIC. Details of NSIC offices are available on www.nsic.co.in.
|
Ans :
A limit is sanctioned keeping in view the raw materials requirements of the unit, financial position of the unit and available security of equivalent value in the form of bank guarantee.
|
Ans :
Maximum exposure to a single unit under the scheme is Rs. 1000 Lakhs in case of manufacturing unit and Rs. 600 Lakhs in case of Service unit. The ceiling for maximum exposure to all associates/sister concerns or connected accounts belonging to a “Group” is fixed at Rs. 2000 Lakhs for manufacturing unit, Rs. 1500 Lakhs for service units and Rs. 500 Lakhs for
infrastructure unit.
|
Ans :
One year. Thereafter, the limit can be renewed for one year provided conduct of the account was satisfactory during last year.
|
Ans :
The unit has to submit Tax invoice/ Proforma invoice, material receipt note with specific request letter to release the payment. The maximum assistance is provided upto 95% of the BG value.
|
Ans :
No. NSIC releases the payment to the supplier as requested by the MSME.
|
Ans :
The credit is allowed for 180 days. However, it can further be extended on the request of MSME with the consent of respective Zonal Head, provided the unit serves interest, total outstanding is within BG limit and BG remains valid till extended period.
|
Ans :
• Materials facilitated under Bulk supplies arrangements are provided at bulk supplier’s rate by eliminating the middlemen.
• Discounts received under bulk supplies arrangements are shared with MSMEs, enabling them to reduce cost of purchase of materials.
• Availability of raw material on credit and enabling MSMEs to execute the orders in hand.
|
|
Single Point Registration Scheme
|
Ans :
The Government of India launched the Central Government Stores Purchase Programme in 1955.
|
Ans :
The Single Point Registration Scheme was introduced in 1976 with the objective to avoid the multiple registration.
|
Ans :
1. Issue of Tender Set Free of Cost
2. Exemption of payment of Earnest Money Deposit (EMD)
3. In tender participation, MSEs quoting price within the price band of L1+15 percent shall also be allowed to supply a portion upto 25% of requirement by bringing down their price to L1 price where L1 is non MSEs.
4. Every Central Ministries / Departments / PSUs shall set an annual goal of minimum 25% of the total annual purchases of the products or services produced or rendered by MSEs. Out of annual requirement of 25% procurement from MSEs, 4% is earmarked for units owned by Scheduled Castes / Scheduled Tribes & 3% for units owned by Women Entrepreneurs.
5. 358 items are reserved for exclusive purchase from MSEs.
|
Ans :
Micro & Small Enterprises are eligible to get registered with NSIC under SPRS.
|
Ans :
MSE units can apply either online on NSIC’s SPRS website www.nsicspronline.com OR in person by visiting nearest branch of NSIC.
|
Ans :
Yes. NSIC issues Provisional Enlistment Certificate to those MSEs under SPRS who have started the production but not having the audited Balance sheet for the last one year.
|
|
|
|
|
Ans :
Composite Criteria of Investment in plant & machinery or equipment does not exceed Rs. 1 crore and Turnover does not exceed Rs. 5 crore (for Manufacturing and Service Enterprises)
|
Ans :
Composite Criteria of Investment in plant & machinery or equipment does not exceed Rs. 10 crore and Turnover does not exceed Rs. 50 crore (for Manufacturing and Service Enterprises)
|
Ans :
Yes, in the Public Procurement Order 2012 service industries are at par with the manufacturing industry.
|
Ans :
Composite Criteria of Investment in plant & machinery or equipment does not exceed Rs. 1 crore and Turnover does not exceed Rs. 5 crore (for Manufacturing and Service Enterprises)
|
Ans :
Composite Criteria of Investment in plant & machinery or equipment does not exceed Rs. 10 crore and Turnover does not exceed Rs. 50 crore (for Manufacturing and Service Enterprises)
|
Ans :
The Buying Agency can verify the GP Enlistment Certificate either from NSIC website www.nsic.co.in OR www.nsicspronline.com
|
Ans :
SPRS Enlistment Certificate is valid for Two Years from the date of issue.
|
Ans :
NSIC do not register the traders.
|
Ans :
MSEs engaged in manufacturing of Ayurveda, Siddha, Unani & Homeopathy (ASU&H) Drugs will be considered for enlistment under Single Point Registration Scheme.
|
|
Sampark Portal
|
Ans :
• We are recruiter centric rather than job seeker centric. We offer free job postings to our esteem recruiters with authenticated and quality resume from our technology centers current & passed out student pools.
• We do one round of resume screening before it goes to our resume database & online portal. Key profile attributes of our students are validated before it goes to resume pool.
• Our recruiters do not have to pay for any number of resumes and job postings. Our technology centers specialists help you on job posting and resume sort listing through our 14*7 contact center service.
• We provide premium services like assistance in assessment, interview, sort listing and special training for your candidates from our experts with very minimal pricing.
|
Ans :
We have not started our premium service now. Our rates will be economical and will provide you great return on investment. Please contact MSME. sampark@.comgov.in for detail.
|
Ans :
There is no restriction of resumes downloads or search.
|
Ans :
The Services will be activated between 60-90 mins during work hours. Monday-Sunday 9.30 am-6.30pm IST.
|
Ans :
We provide fully automated interface which sorts resume based upon your inputs before sending it to you. However, our customer interface team will assist you for job search and sorting if required.
|
Ans :
Search fields available are - Key Skills, Experience (Min. to Max.), Location (current and preferred), Industry, Roles, Education (highest degree, specialization, passing year), Previous/Current Employer, Designation, Notice Period, Current Work Location, and Freshness of Resumes (one day old resumes).
|
Ans :
No, at moment there is no option to filter the resume with Visa.
|
Ans :
Yes, you will access all new, updated resumes any time.
|
|
General Questions
|
Ans :
All Business activities - Services and Manufacturing are covered in MSME sector except activities as mentioned in O.M. 5/2(1)/2020-P&G/Policy dated 17.07.2020.
|
Ans :
As per para 5(3) of the Notification no. S.O. 2119(E) dated 26.06.2020, the turnover related figures of such enterprise which do not have PAN will be considered on self-declaration basis for a period up to 31st March, 2021 and thereafter, PAN and GSTIN shall be mandatory.
|
Ans :
The Government has received various representations and it has been decided to include Retail and wholesale trades as MSMEs and they are allowed to be registered on Udyam Registration Portal. However, benefits to Retail and Wholesale trade MSMEs are to be restricted to Priority Sector Lending only.
Accordingly, the list of eligible additional activities under NIC Code 45, 46 and 47 are as under:
45 Wholesale and retail trade and repair of motor vehicle and motorcycles
46 Wholesale trade except of motor vehicles and motor cycles
47 Retail Trade Except of Motor Vehicles and motor cycles
The Udyam Registration is allowed for above three NIC Codes and activities mentioned against them.
The Enterprises having Udyog Aadhaar Memorandum (UAM) under above three NIC Codes are now allowed to migrate to Udyam Registration Portal or they can file Udyam Registration afresh.
|
Ans :
To facilitate the procedure of MSME registration in accordance with the revised MSME definition, Ministry of MSME launched a new portal – Udyam Registration Portal (udyamregistration.gov.in), on 1st July 2020.
It is a unified portal with registration process that is free of cost, paperless and digital. The portal is aimed at reducing transaction time and costs for entrepreneurs and promote Ease of Doing Business. Generally it takes 2-3 days, in cases wherein GST/PAN details are part of registration. Those without PAN details, the certificate is available on the same day.
|
Ans :
All services are covered under MSME except activities as mentioned in O.M. 5/2(1)/2020-P&G/Policy dated 17.07.2020.
|
Ans :
MSME stands for Micro, Small, and Medium Enterprises whereas MSE stands for Micro and Small Enterprises and SME stands for Small and Medium Enterprises. In some countries SME is more frequently in use.
|
Ans :
MSMEs have been defined vide Notification No. S.O.2119(E) dated 26.06.2020.
|
Ans :
All services are covered under MSME except activities as mentioned in O.M. 5/2(1)/2020-P&G/Policy dated 17.07.2020. Accordingly, Travel Agency is covered under the Service sector.
|
|
Aatmanirbhar Bharat 3.0 Stimulus package
|
Ans :
In order to incentivize job creation during COVID-19 recovery phase, the government has launched “AatmaNirbhar Bharat Rozgar Yojana”which aims to provide benefit to both enterprise and jobseeker registered under EPFO.
For more details about the announcement, please visit:
|
Ans :
Yes, the Central Govt. has announced to provide subsidy for two years in respect of new eligible employees drawing monthly wages less than Rs. 15,000, engaged on or after 01.10.2020 at following scale:
• Establishments employing up to 1000 employees: Employee’s contributions (12% of Wages) & Employer’s contributions (12% of wages) totaling 24% of wages
• Establishments employing more than 1000 employees: Only Employee’s EPF contributions (12% of EPF wages)
|
Ans :
The Emergency Credit Line Guarantee Scheme has been extended till March 31, 2021.
For more details about the announcement, please visit:
|
Ans :
Under the ECLG 2.0 scheme, MSMEs, businesses, individual loans for business purposes and MUDRA borrowers are eligible under the scheme.
For more details about the announcement, please visit:
|
Ans :
With a view impetus to the economic activity during COVID 19 recovery phase, the government has announced Emergency, Credit Line Guarantee Support Scheme 2.0 (ECLGS 2.0) for Healthcare sector and 26 stressed sectors with credit outstanding of above Rs. 50 crore and up to ₹ 500 Crores on 29.2.2020 stressed due to COVID-19.
For more details about the announcement, please visit:
|
Ans :
Under the Scheme, Entities will get additional credit up to 20% of outstanding credit with a tenor of five years, including 1-year moratorium on principal repayment. This scheme will be available till 31.3.2021.
For more details about the announcement, please visit:
|
Ans :
The government has announced 10 more Champion Sectors which will be covered under the Production Linked Incentives Scheme with a total amount of nearly 1.5 Lakh Crore to help boost competitiveness of domestic manufacturing. The ten sectors are - Advance Cell Chemistry Battery, Electronic/Technology Products, Automobiles & Auto Components, Pharmaceuticals Drugs, Telecom & Networking Products, Textile Products, Food Products, High Efficiency Solar PV Modules, White Goods (ACs & LED), and Specialty Steel.
For more details about the announcement, please visit
|
Ans :
Under the scheme, the government has allotted ₹18,000 crore additional outlay over and above Rs. 8000 Crore already allocated this year.
For more details about the announcement, please visit:
|
Ans :
To provide ease of doing business and relief to contractors whose money otherwise remains locked up, performance security on contracts has been reduced from 5-10% to 3%. It will also extend to ongoing contracts and Public Sector Enterprises.
For more details about the announcement, please visit:
|
Ans :
With a view to provide income tax relief to both developers and buyers, the differential between circle rate and agreement value in real estate income tax under Section 43 CA of IT Act has been increased from 10% to 20%. Consequential Relief up to 20% shall also be allowed to buyers of these units under section 56(2)(x) of IT Act till June 30, 2021.
For more details about the announcement, please visit:
|
Ans :
As fertilizer consumption is going up significantly, ₹65,000 Crore is being provided to ensure increased supply of fertilizers to farmers to enable timely availability of fertilizers in the upcoming crop season.
For more details about the announcement, please visit:
|
Ans :
With a view to revive and strengthen rural economy and provide employment opportunity, the government has allocated additional outlay of ₹10,000 Crore under PM Garib Kalyan Rozgar Yojana.
For more details about the announcement, please visit:
|
Ans :
₹3,000 Crore boost is being provided to EXIM Bank for promoting project exports under Indian Development and Economic Assistance Scheme (IDEAS Scheme). This will help EXIM Bank facilitate Lines of Credit development assistance activities and promote exports from India.
For more details about the announcement, please visit:
|
Ans :
₹10,200 Crore additional budget stimulus is being provided for capital and industrial expenditure on domestic defence equipment, industrial infrastructure and green energy.
For more details about the announcement, please visit:
|
Ans :
Giving due importance to the current global pandemic and to ensure focused effort to arrest the spread, the government has allocated Rs. 900 crores under COVID Suraksha Mission for Research and Development of Indian COVID Vaccine to Department of Biotechnology.
|
|
RBI Announcements
|
Ans :
Lending institutions are permitted to offer a limited window to individual borrowers and small businesses to implement resolution plans in respect of their credit exposures while classifying the same as Standard upon implementation of the resolution plan subject to the conditions specified hereafter.
The following borrowers shall be eligible for the window of resolution to be invoked by the lending institutions:
a. Individuals who have availed of personal loans (as defined in the Circular DBR.No.BP.BC.99/08.13.100/2017-18 dated January 4, 2018 on “XBRL Returns – Harmonization of Banking Statistics”), excluding the credit facilities provided by lending institutions to their own personnel/staff.
b. Individuals who have availed of loans and advances for business purposes and to whom the lending institutions have aggregate exposure of not more than Rs.25 crore as on March 31, 2021.
c. Small businesses, including those engaged in retail and wholesale trade, other than those classified as micro, small and medium enterprises as on March 31, 2021, and to whom the lending institutions have aggregate exposure of not more than Rs.25 crore as on March 31, 2021.
Provided further that the credit facilities / investment exposure to the borrower was classified as Standard by the lending institution as on March 31, 2021.
Please visit the following link for more information
|
|
MSE CDP SCHEME
|
Ans :
A cluster is a group of enterprises located within an identifiable and as far as
practicable, contiguous area or a value chain that goes beyond a geographical area and
producing same/similar products/complementary products/services, which can be linked
together by common physical infrastructure facilities that help address their common
challenges. The essential characteristics of enterprises in a cluster are (a) Similarity or
complementarity in the methods of production, quality control & testing, energy
consumption, pollution control, etc., (b) Similar level of technology & marketing
strategies/practices, (c) Similar channels for communication among the members of the
cluster, (d) Common market & skill needs and/or (e) Common challenges &
opportunities that the cluster faces.
|
Ans :
The key objective of the scheme is to:-
To enhance the sustainability, competitiveness and growth of MSEs by addressing
common issues such as improvement of technology, skills &quality, market access, etc.
(ii) To build capacity of MSEs and Startups for common supportive action through
integration of self-help groups, consortia, district Industry associations, etc.
(iii) To create upgrade infrastructural facilities in the new/existing Industrial Areas
Clusters of MSEs.
(iv) To set up Common Facility Centres in Industrial area (for testing, training centre,
raw material depot, effluent treatment, complementing production processes).
(v) Promotion of green & sustainable manufacturing technology for the clusters so as to
enable units switch to sustainable and green production processes and products.
|
Ans :
There are two components under the scheme viz.
Setting up of Common Facility Centers (CFCs): Creation of tangible “assets”as
Common Facility Centers (CFCs) in Industrial Estate.
Infrastructure Development (ID): This component is for development of
infrastructure in new/existing notified Industrial Estate including Flatted factory
complexes.
|
Ans :
For setting up of Common Facility Centres (CFCs) the Gol grant will be restricted to 70% of the cost of project from Rs. 5.00 crore to Rs. 10.00 crore and 60% of the cost of project from Rs. 10.00 crore to Rs. 30.00 crore.
|
Ans :
Yes, In case of NE & Hill States, Island territories, Aspirational Districts, Gol grant will be 80% of the cost of project from Rs. 5.00 crore to Rs. 10.00 crore and 70% of the cost of project from Rs. 10.00 crore to Rs. 30.00 crore.
|
Ans :
Yes, the project for CFC with project cost more than Rs. 30.00 crore can also be considered but the Gol assistance would be calculated by taking into account the maximum eligible project cost of Rs.30.00 crore.
|
Ans :
The GoI grant will be restricted to 60% of the cost of project from Rs. 5.00 crore to Rs. 15.00 crore for setting up of new Industrial Estate I Flatted Factory Complex and Gol grant will be 50% of the cost of project from Rs. 5.00 crore to Rs. 10.00 crore for upgradation of existing Industrial Estate I Flatted Factory Complex.
|
Ans :
Yes, in case of NE &Hill States, Island territories, Aspirational Districts, GoI grant will be 70% of the cost of project from Rs. 5.00 crore to Rs. 15.00 crore for setting up of new
Industrial Estate / Flatted Factory Complex and 60% of the cost of project cost from Rs. 5.00 crore to Rs. 10.00crore for up-gradation of existing Industrial Estate / Flatted Factory Complex.
|
Ans :
The project for ID with project cost more than Rs. 10.00 crore/15.00 crore can also be considered but the Gol assistance would be calculated by taking into account the maximum eligible project cost of Rs. 10.00 crore/15.00 crore.
|
Ans :
The time extension(s) may be given as under:
S.no. Period in month Authority Remarks
1 3 Months State govt. State govt. may inform about the period of extension.
2 Next 3 Months AS&DC (MSME) On recommendation of State Govt. with reasons for delay.
3 Next 12 Months NPAC On recommendation of State Govt. with reasons for delay.
4 Further, extension required if any Minister /Minister In-charge for MSME On recommendation of Minister In-charge for MSME /
The time extension after three years (Sl. No. 4) from the date of issuance of the final approval letter, however, may be subject to a reduction of GoI share upto 10%, which
is to be borne by the SPV as an additional contribution, if delays are due to reasons attributable to SPV. The reason for delays attributable to the SPV and the quantum of
reduction of GoI share will be recommended by a designated Committee of Officers chief Secretary of the State.
|
Ans :
Once the Plant & Machinery (P&M) are approved in NPAC of the MSE-CDP, the same would not be considered for changes, unless for higher version or adopting new
technologies with due approval of NPAC.
|
Ans :
Any escalation in the cost of Project above the sanctioned amount, due to any reason
will be borne by the SPV/ State Government.
|
Ans :
a. DPR b. Project Appraisal Report c. Registered land documents (if in vernacular language then English/Hindi translation) d. SPY registration as Section 8 Company
(certificate of registration along with MoA and AoA) e. Geo Tagging f. SLSC recommendation along with minutes of meeting g. Statuary Compliances h. Certificate
from State Government for compliance of GFR/CVC guidelines.
|
Ans :
a. DPR b. Project Appraisal Report c. Land Documents (if in vernacular language then English/Hindi translation) d. Geo Tagging e. SLSC recommendation along with minutes
of meeting f. Statuary Compliances g. Certificate from State Government for compliance of GFR/CVC guidelines.
|
Ans :
State Government/IA would submit request for 1st installment of GoI grant(maximum 50%) along with Original Tripartite Agreement as per format atAnnexure-4 (if not submitted earlier), State Government Order regarding Constitution of Purchase Committee, copy of minutes of Purchase Committee finalizing the tenders for procurement of Plant & Machinery, Certificate that Plant& Machinery are as per Final approval letter, proof of release of SPV contribution and State Government matching share, Joint Verification Report along with status of building and procurement of Plant & Machinery (signed by State Government/IA,SPV & MSME-DI), Pre-receipt & Undertaking in prescribed format (Annexure – 9), component-wise expenditure statement as per Final approval letter certified by CA and certificate from IA that all the term &conditions prescribed in appraisal report & final approval letter have been fulfilled.
|
Ans :
On utilization of 1st instalment of GoI grant, State Government/IA would submit request for 2nd instalment of GoI grant (maximum 40%) along with Utilization Certificate (UC) in respect of utilization of 1st instalment of GoI grant as per GFR in prescribed format (Annexure -10), copy of minutes of Purchase Committee finalizing the tenders for procurement of Plant & Machinery, Certificate that Plant& Machinery are as per Final approval letter, proof of release / utilization of SPV contribution and State Government matching share, Joint Verification Report along with status of procurement of Plant & Machinery indicating utilization of 1stinstallment of GoI grant (signed by State Government, IA, SPV & MSME-DI),Pre-receipt & Undertaking in prescribed format (Annexure – 9), component-wise expenditure statement as per Final approval letter certified by CA.
|
Ans :
On completion of project, State Government / IA would submit request for 3rd and Final instalment of GoI grant (10%) on reimbursement basis, along with Completion Report in prescribed format (Annexure-7) duly signed by IA & SPV and countersigned by MSME-DI in original, Utilization Certificate (UC) in respect of utilization of previous instalment of GoI grant in prescribed format(Annexure -10), proof of utilization of State Government complete contribution, Joint Verification Report along with status of installation of Plant & machinery(signed by State Government/IA, SPV & MSME-DI), Certificate that Plant &Machinery areas per approval letter, details of interest accrued on GoI grant, Pre-receipt & Undertaking in prescribed format (Annexure – 9), component-wise expenditure statement certified by CA. Format for report from MSMEDI on completion of the project (Annexure – 11).
|
Ans :
Admissible items under Setting up of Common Facility Centres (CFCs)
i. Common Production / Processing Centre (for balancing/correcting / improving production line that cannot be undertaken by individual units).
ii. Common Recycling/Resource Recovery Plant.
iii. Industry 4.0 and its Learning Facilities, Additive Manufacturing Facilities, Digital Infrastructure.
iv. Design/Incubation Centres.
v. Testing and Quality upgradation Facilities/Product Standards Development.
vi. Packaging Facilities.
vii. Training Centre / Skill Upgradation Facilities.
viii. R&D Centres.
ix. Effluent Treatment Plant.
x. For waste management, disposal and sustainable handling of biodegradable wastes in industrial areas, biogas / Bio-CNG projects will also be supported.
xi. Common Logistics Centre.
xii. Common Raw Material Bank.
xiii. Plug & Play Facility.
xiv. Common Renewable Energy Generation (Solar, Wind, Bio) and Energy Management equipment.
xv. Safety and Disaster Risk Reduction equipments.
xvi. Facilities relating to linkages Backward / Forward linkages for value addition in biproduct / waste of cluster units.
xvii. Any common facilities which will improved competitiveness and productivity of the cluster units.
xviii. Export Promotion Facilities for FPO such as for processing, storage (cold chains), Pack Houses, testing and packaging.
xix. Common Facilities for services sector such as automobile, tourism, hospitality, health & medical, farm, Dry cleaner, Testing Laboratories, repair and maintenance or any sector prioritize by Government of India / State Government.
xx. CFC for Greenfield clusters for holistic developments of MSME sector.
|
Ans :
Admissible items under Infrastructure Development (ID) Projects
i. Boundary wall / fencing
ii. Laying roads
iii. Water supply including overhead tanks, and pump houses
iv. Water harvesting
v. Drainage
vi. Power (Sub-Station and distribution net-work work including Street light etc),
vii. Others (Sanitary Conveniences etc.)
viii. Flatted Factory Complex
ix. Common Effluent Treatment
x. Common Renewable Energy Generation (Solar, Wind, Bio)
xi. Common Utilities System (Steam, Compressed Air/Gas, Cooling)
xii. Raw Material Storage
xiii. Common Water Recovery Plant
xiv. Safety & Disaster Risk Reduction Cell
xv. Latest Technological Backup Services in new industrial (multi-product) areas/estates or existing Industrial Areas/Estates/ Clusters.
xvi. ID projects for Greenfield clusters for holistic developments of MSME sector.
|