Design Scheme Under MSME Innovative Scheme
in Punjab
Last updated:
Design Scheme Under MSME Innovative Scheme in Punjab
Design Scheme Under MSME Innovative Scheme is a government scheme available to eligible residents of Punjab.
Apply for Design Scheme Under MSME Innovative Scheme in Punjab
Scheme Overview
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.
Eligibility Criteria
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.
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 & 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%.
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**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.
Required Documents
| # | Document |
|---|---|
| 1 | Udyog Aadhaar Memorandum (UAM) or Udyam Registration (UR) certificate. |
| 2 | UAM Registered mobile number. |
How to Apply in Punjab
Registration Process:
Online Registration Process:
Step 01: After opening the website https://innovative.msme.gov.in/ , click on Design.
Online 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.
Online Step 02: On the next window, click on Join Design Scheme.
Step 03: Put the Udyam Registration Number along with the Registered Moblile Number.
Online Step 03: Put the Udyam Registration Number along with the Registered Moblile Number.
Step 04: Click on Validate.
Online Step 04: Click on Validate.
Common questions in Punjab
Who can apply for Design Scheme Under MSME Innovative Scheme in Punjab?
Eligible residents of Punjab who meet the scheme’s overall criteria can apply for Design Scheme Under MSME Innovative Scheme. Refer to the eligibility section above for the complete checklist.
What documents are required for Design Scheme Under MSME Innovative Scheme in Punjab?
Applicants in Punjab typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
The objective of this component is to bring Indian manufacturing sector and Design expertise/ Design fraternity on to a common platform. It aims to provide expert advice and cost-effective solution on real time design problems for new product development, its continuous improvement and value addition in existing/new products.