Design Scheme Under MSME Innovative Scheme

What is Design Scheme Under MSME Innovative Scheme?

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.

Benefit

**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 &amp; 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 &amp; Concept- 40% Stage 2: Detail Design - 30% Stage 3: Successful Completion of the prototype/product and Final Report submission - 30%. <br> **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.

Level

Central

Ministry / Dept.

Ministry Of Micro, Small and Medium Enterprises

Benefit type

cash

Key eligibility

1. The beneficiary unit(s) must typically be a registered micro, small or medium enterprises. 1. Should have a valid Udyog Aadhaar Memorandum (UAM) or Udyam Registration certificate.

Last verified

Recently

Benefits

**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 &amp; 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 &amp; Concept- 40% Stage 2: Detail Design - 30% Stage 3: Successful Completion of the prototype/product and Final Report submission - 30%. <br> **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.

Eligibility

Documents Required

How to Apply

1. Step 1: Online application — step 1

   Registration Process:

2. Step 2: Online application — step 2

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

3. Step 3: Online application — step 3

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

4. Step 4: Online application — step 4

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

5. Step 5: Online application — step 5

   Step 04: Click on Validate .

Sources & References

• Official scheme website ↗
• Source record ↗
• Information is summarised from official government sources. Verify all details on the official website before applying.