Only 791 MSMEs certified under Champions Scheme out of 22,000 registrations

New Delhi, Dec 15 (KNN) More than 22,000 MSMEs have registered under the MSME Champions scheme, out of which 734 Bronze, 32 Silver and 25 Gold certifications have been awarded, informed the Minister of State for MSME Bhanu Pratap Singh Verma in a written reply to the Lok Sabha.

The remaining registered MSMEs are under process for certification subject to fulfilment of assessment criteria, said the minister.

MSME Champions scheme aims to modernize MSMEs’ manufacturing processes, reduce wastages, encourage innovativeness, sharpen business competitiveness and facilitate their National and Global reach and excellence.

The three 3 components under the MSME Champions scheme which was launched on April 28, 2022 are MSME-Sustainable (ZED), MSME-Competitive (Lean) and MSME-Innovative (Incubation, IPR, Design and Digital MSME).

The MSMEs registered under MSME Sustainable (ZED) Certification Scheme have benefitted through assessment on different parameters in Bronze, Silver and Gold certification levels.

The MSME Sustainable (ZED) Certification Scheme is based on an assessment model which includes various parameters that encourage MSMEs to improve their processes and systems to enhance quality and also move towards sustainability.

Specific parameters to encourage MSMEs adopt practices towards sustainability are Energy Management, Environment Management, Natural Resource Management, Corporate Social Responsibility etc.  (KNN Bureau)