Design Scheme Under MSME Innovative Scheme

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 Government of India, up to a maximum of ₹ 40,000,00/- and the remaining project cost will be borne by MSMEs and deposited to the IA.

The total project cost will be provided as a grant in 3 stages:

Stage 1: Strategy & Concept- 40%

Stage 2: Detail Design - 30%

Stage 3: Successful Completion of the prototype/product and Final Report submission - 30%.



Student Project: This component supports design work of bona-fide students by providing financial assistance up to ₹ 2,50,000/-. For the student design projects approved for any MSME,75% of the total project cost will be contributed by Government of India, up to a maximum of ₹ 2,50,000/- and the remaining project cost will be borne by MSME and deposited to the IA.

The beneficiary unit(s) must typically be a registered micro, small or medium enterprises.

Should have a valid Udyog Aadhaar Memorandum (UAM) or Udyam Registration certificate.

Online

Registration Process:

Step 01: After opening the website https://innovative.msme.gov.in/ , click on Design.

Step 02: On the next window, click on Join Design Scheme.

Step 03: Put the Udyam Registration Number along with the Registered Moblile Number.

Step 04: Click on Validate.

Udyog Aadhaar Memorandum (UAM) or Udyam Registration (UR) certificate.

UAM Registered mobile number.