Centre issues operational guidelines for National MSME Awards

New Delhi, 21 Jan (KNN) The Ministry of Micro, Small and Medium Enterprises has issued its operational guidelines in respect of the National MSME Awards Scheme.

The Micro, Small, and Medium Enterprises (MSMEs) in India have undergone vast development in the last five decades registering tremendous growth as well as progress in terms of quality production, exports, innovation, product and process development. 

The Indian entrepreneurs are very innovative with new products and provide innovative services to remain competitive in the domestic and global markets. 

It has become important to encourage such innovative efforts and promote their spirit in the larger interest of qualitative development of MSME. 

The Ministry of MSME in its official notification said it recognizes the contributions of these entrepreneurs for their outstanding performance and motivates and encourages them by conferring awards at the National Level.

In order to motivate the State/ UT Government and Aspirational Districts for the development and growth of MSMEs in their area of jurisdiction, provision of awards at the National level for the State/ UT Government and Aspirational Districts has been made accordingly.

For further motivating the bankers and ensuring smooth MSME credit, provision has also been made for the bankers for their excellence in the credit lending to Micro and Small Enterprises.

Ministry has categorized National MSME awards herein Awards for Manufacturing Entrepreneurship ( 12 Awards), Awards for Service Entrepreneurship (9 Awards), Awards for Special Category of Enterprises (14 Awards). 

The monetary rewards for the National MSME award range between Rs 1 Lakh - Rs 3 Lakh.

Further Ministry has kept awards for Women Entrepreneurship, Entrepreneurs belonging to SC/ST Category, Entrepreneurs belonging to 'Divyang' Category, Entrepreneurs belonging to the States of NER, Trophy, and Certificates for Institutional Support to MSMEs.

The eligible MSMEs will submit online applications in the relevant category of awards. An enterprise can apply for more than one category of award. The Awardee shall not be nominated or considered for the same or lower category of award in the subsequent 4 years. 

However, there will be no bar for an awardee to be nominated or considered for a higher category of award in the subsequent year.

Valid Udyam registration is a must as the system will pick all the details of the Unit from Udyam Registration Number Registration Data Base (This will be cross-checked with the data to be filled by the Unit for Financial Parameters.

Ministry has issued Operational Guidelines pertaining to National MSME Awards Scheme on its website http://www.dcmsme.gov.in/