Incentives to Zero Defect Zero Effect (ZED) Certified MSMEs in Bank of Maharashtra
MSME Sustainable (ZED) Certification is an extensive drive by Ministry of MSME to create awareness amongst MSMEs about Zero Defect Zero Effect (ZED) practices and motivate & incentivise them for ZED Certification.
The objective of ZED Scheme is quoted as - "We should manufacture goods in such a way that they carry zero defect and that our exported goods are never returned to us. We should manufacture goods with zero effect that they should not have a negative impact on the environment".
The ZED Certification envisages promotion of Zero Defect Zero Effect (ZED) practices amongst MSMEs so as to:
ZED Certification Levels
MSME Sustainable (ZED) Certification can be attained in Three Levels after registering and taking the ZED Pledge:
Eligibility for ZED Certification
All 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.
Subsidy on Cost of Certification
Any number of Units registered under one Udyam Registration can apply for subsidy under this Scheme. Each Unit (under one Udyam Registration) will need to apply for Certification separately to avail subsidy/ benefits/ incentives.
i. Micro Enterprises: 80%
MSMEs may opt for upgrading their Certification Level at any point of time before the expiry of validity of their existing ZED Certification. Cost and subsidy will remain the same for the applied Level.
Concession for all ZED certified MSME borrowers of Bank of Maharashtra (New as well existing)
Note: The concessions linked to ZED certificate shall be removed after expiry of validity of certificate. The concessions can be re-extended after renewal of certificate and informing the same to Branch for updating in Core Banking System.
Renewal after expiry of ZED Certificate
After the expiry of the validity of the ZED Certificate, MSMEs can go for Renewal of their ZED Certification level in order to continue availing associated benefits / incentives.
Conditions Applied: The information provided above is only illustrative and not exhaustive.
Contact: For more details, please contact your nearest branch.