SIDBI Grade A & B General Stream PDF

AffairsMind For any feedback and query, kindly mail at [email protected] Table of Contents 1 MSME Financing.......................................................................................................................................... 8 1.1 Introduction........................................................................................................................................ 8 1.2 MSMEs and their Classification........................................................................................................... 8 1.3 Benefits and Features of MSMEs...................................................................................................... 13 1.4 Role of MSMEs in Indian Economy and Further details.................................................................... 16 1.5 Key Indian Government Initiatives related to MSMEs...................................................................... 20 1.6 Pradhan Mantri Mudra Yojana (PMMY)........................................................................................... 20 1.7 Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)........................................ 25 1.8 PM’s Employment Generation Programme...................................................................................... 28 1.9 Zero Defect and Zero Effect (ZED) Scheme for MSME’s.................................................................... 31 1.10 Udyami Mitra Portal....................................................................................................................... 33 1.11 Solar Charakha Mission.................................................................................................................. 34 1.12 Khadi Gramodyog Vikas Yojana...................................................................................................... 36 1.13 Rojgar Yukta Gaon.......................................................................................................................... 36 1.14 A Scheme for Promotion and Innovation, Rural Industries and Entrepreneurship (ASPIRE).......... 37 For any feedback and query, kindly mail at [email protected] 1.15 SFURTI............................................................................................................................................ 40 1.16 Credit Linked Capital Subsidy Scheme............................................................................................ 41 1.17 Udyog Aadhar Memorandum......................................................................................................... 43 1.18 MSME Sambandh and Sampark..................................................................................................... 43 1.19 MSME Innovation Scheme............................................................................................................. 44 1.20 Credit Guarantee Scheme for Subordinate Debt (CGSSD).............................................................. 47 1.21 SPIN (Strengthening the Potential of India) Scheme...................................................................... 47 1.22 Micro & Small Enterprises Cluster Development Programme (MSE-CDP)..................................... 48 1.23 MSME Competitive (LEAN) Scheme............................................................................................... 49 1.24 Raising and Accelerating MSME Performance” (RAMP) scheme................................................... 52 1.25 Capacity Building of First Time MSE Exporters............................................................................... 55 1.26 Gramdyog Vikas Yojana.................................................................................................................. 57 1.27 Panjikaran Se Pragati...................................................................................................................... 59 1.28 Market Promotion and Development Assistance Scheme (MPDA)................................................ 60 1.29 Interest Subsidy Eligibility Certificate............................................................................................. 60 1.30 Institutional Support for MSMEs:................................................................................................... 61 1.31 Special Credit Linked Capital Subsidy Scheme (SCLCSS)................................................................. 62 For any feedback and query, kindly mail at [email protected] 1.32 MSME SAMADHAAN...................................................................................................................... 64 1.33 MSMED Act, 2006........................................................................................................................... 65 1.34 MSME Samadhaan Portal............................................................................................................... 67 1.35 Government e-Marketplace (GeM)................................................................................................ 67 1.36 CHAMPIONS Portal......................................................................................................................... 71 1.37 Equity Infusion for MSMEs through Fund of Funds........................................................................ 74 1.38 SIDBI Make In India Loan For Enterprises (SMILE).......................................................................... 77 1.39 MSME Business Loan for Startups in 59 Minutes........................................................................... 79 1.40 MSME Loan Scheme by Banks........................................................................................................ 81 1.41 Other Important Government Initiatives....................................................................................... 83 1.42 Major Challenges............................................................................................................................ 87 1.43 KYC for MSME................................................................................................................................. 89 1.44 Central KYC Records Registry (CKYCR)............................................................................................ 89 1.45 KYC Documents for different kinds of MSME accounts.................................................................. 91 1.46 Due Diligence.................................................................................................................................. 99 1.47 Credit Report................................................................................................................................ 111 1.48 TransUnion (Erstwhile CIBIL)........................................................................................................ 113 For any feedback and query, kindly mail at [email protected] 1.49 Equifax Inc.................................................................................................................................... 117 1.50 Experian Credit Information Company of India Private Limited................................................... 119 1.51 CRIF High Mark Credit Information Services Private Limited....................................................... 121 1.52 CRILC (Central Repository of Information on Large Credits)........................................................ 123 1.53 RBI Defaulter’s List....................................................................................................................... 127 1.54 CERSAI.......................................................................................................................................... 128 1.55 ROC (Registrar of Companies)...................................................................................................... 132 1.56 Market & Third Party Due Diligence............................................................................................. 135 1.57 Financial Ratios for MSMEs.......................................................................................................... 140 1.58 Documentary Credit (Letter of Credit - LC)................................................................................... 143 2. NPA......................................................................................................................................................... 146 2.1 Introduction (IRAC Norms).............................................................................................................. 146 2.2 Automation of IRAC norms............................................................................................................. 148 2.3 Non-Performing Assets (NPA)......................................................................................................... 151 2.4 Computation of NPA Levels:........................................................................................................... 158 2.5 Asset Classification.......................................................................................................................... 160 2.6 Determination of Asset Classification............................................................................................. 163 For any feedback and query, kindly mail at [email protected] 2.7 PROVISIONING NORMS................................................................................................................... 166 2.8 Calculation of Provision in Doubtful Asset...................................................................................... 169 2.9 Bad Bank......................................................................................................................................... 173 2.10 India Debt Resolution Company Ltd (IDRCL)................................................................................ 176 2.11 The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002........................................................................................................................... 176 2.12 Insolvency and Bankruptcy Code 2016 (IBC 2016)....................................................................... 179 3 NBFC Financing........................................................................................................................................ 192 3.1 What is a Non-Banking Financial Company (NBFC)?....................................................................... 192 3.2 What Kinds of NBFCs are There in India?........................................................................................ 195 3.3 Differences Between Banks and a Non-Banking Financial Company (NBFC).................................. 200 3.4 Eligibility Requirements and Documentation for NBFCs................................................................. 202 3.5 Regulation and Supervision of NBFCs............................................................................................. 206 3.6 RBI’s Gold Loan Norms.................................................................................................................... 209 3.7 Challenges Facing NBFCs................................................................................................................. 212 3.8 RBI’s Review of NBFC Categorization in 2024................................................................................. 213 4. Credit Risk Assessment.......................................................................................................................... 219 For any feedback and query, kindly mail at [email protected] 4.1 Objective of Credit Risk Assessment............................................................................................... 219 4.2 Understanding Credit Risk Assessment in Business Finance........................................................... 220 4.3 Benefits of Credit Risk Assessment................................................................................................. 222 4.4 Best Practices for Credit Risk Assessment...................................................................................... 224 5. SIDBI....................................................................................................................................................... 228 5.1 About Small Industries Development Bank of India (SIDBI)............................................................ 228 5.2 Functions of SIDBI........................................................................................................................... 230 5.3 Loan Provisions Under SIDBI........................................................................................................... 232 5.4 Mission Swavalamban of SIDBI....................................................................................................... 233 5.5 Benefits of SIDBI............................................................................................................................. 235 5.6 Special Schemes and Programmes................................................................................................. 236 For any feedback and query, kindly mail at [email protected] 1 MSME Financing 1.1 Introduction  The MSME sector has become a key driver of India's economy, fostering entrepreneurship and creating significant employment opportunities with low capital investment.  It plays a vital role in the country's inclusive industrial development, complementing large industries as ancillary units.  Despite its contributions, the MSME sector grapples with significant challenges, including access to finance, technology adoption, and global market competitiveness. 1.2 MSMEs and their Classification  MSMEs: An Overview:  Full Form of MSME: The full form of MSME is Micro, Small, and Medium Enterprises.  Definition: MSMEs are defined under the Micro, Small, and Medium Enterprises For any feedback and query, kindly mail at [email protected] Development (MSMED) Act of 2006.  Purpose: These enterprises are categorized based on their investment in equipment and annual turnover limits. They play a crucial role in economic development by generating employment and fostering innovation across sectors like manufacturing, services, and trade.  MSME Classifications:  Updated Classification in 2020:  MSMEs are classified as Micro, Small, and Medium enterprises based on updated investment and turnover limits.  This revision was implemented to provide more businesses with access to tailored benefits and government incentives.  What is a Micro Enterprise?  Definition: A micro enterprise is a business with limited investments in plant, machinery, or equipment, operating in manufacturing, services, or trading.  Investment Limit: Investment in plant and machinery or equipment must be below ₹1 crore. For any feedback and query, kindly mail at [email protected]  Turnover Limit: Turnover must not exceed ₹5 crore.  What is a Small Enterprise?  Definition: A small enterprise is characterized by higher investment and turnover thresholds compared to micro enterprises.  Investment Limit: Investment in plant and machinery or equipment must be below ₹10 crore.  Turnover Limit: Turnover must not exceed ₹50 crore.  What is a Medium Enterprise?  Definition: A medium enterprise has the highest investment and turnover limits within the MSME category.  Investment Limit: Investment in plant and machinery or equipment must be below ₹50 crore.  Turnover Limit: Turnover must not exceed ₹250 crore.  Updated MSME Criteria in 2024:  Composite Criterion: MSME classification is now based on both investment and turnover limits, replacing the earlier investment-only criteria. For any feedback and query, kindly mail at [email protected]  Classification Table:  Micro Enterprise: Investment up to ₹1 crore; Turnover up to ₹5 crore.  Small Enterprise: Investment up to ₹10 crore; Turnover up to ₹50 crore.  Medium Enterprise: Investment up to ₹50 crore; Turnover up to ₹250 crore.  Large Enterprises: Enterprises with a turnover exceeding ₹250 crore are categorized as large enterprises.  Significant Changes in MSME Definition:  Introduction of Turnover Criterion: On May 13, 2020, Finance Minister Nirmala Sitharaman introduced turnover as an additional principle alongside investment.  Unified Description: Union Minister Nitin Gadkari (October 2019) suggested a revised MSME definition to standardize criteria for taxation, investment, and other parameters.  Amendments:  The Union Cabinet approved amendments to shift MSME classification from solely “investment in plant and machinery” to include “annual turnover.”  This change was designed to refine the business ecosystem for Indian enterprises. For any feedback and query, kindly mail at [email protected]  Purpose of the New Classification:  Encouragement for Growth: The updated definition aims to enable MSMEs to grow and expand without losing the benefits and incentives provided by the government.  MSME Certificate:  Definition:  An MSME Certificate is an official document issued by the Government of India.  It certifies that a business qualifies as a Micro, Small, or Medium Enterprise (MSME).  Purpose:  The certificate provides recognition to businesses under the MSME Development (MSMED) Act, 2006.  It is a tool for MSMEs to access government benefits and support programs.  Acquisition Process:  Businesses can obtain the MSME Certificate through the Udyam Registration portal. For any feedback and query, kindly mail at [email protected]  The portal simplifies the process of registration and certification for eligible enterprises.  Benefits of the MSME Certificate:  Subsidies: Enables access to government-provided subsidies on various services and resources.  Lower Interest Rates: Facilitates loans at reduced interest rates, making credit more affordable.  Tax Exemptions: Provides certain tax benefits and exemptions to ease financial burdens.  Reserved Tenders: Grants access to government tenders specifically reserved for small businesses. 1.3 Benefits and Features of MSMEs  Benefits of Being Classified as MSME:  Testing Facilities:  The Ministry of MSME operates a nationwide network of testing centres and laboratories. For any feedback and query, kindly mail at [email protected]  These facilities offer quality testing, calibration, certification, and consultancy services for MSME products and processes.  Entrepreneurship Development:  Training programs, workshops, seminars, and awareness campaigns are conducted to promote entrepreneurship.  Special focus is given to women, youth, and marginalized groups to encourage inclusivity in entrepreneurship.  Project Profiling:  The Ministry prepares and distributes project profiles and feasibility reports.  These resources assist entrepreneurs in setting up and managing their enterprises effectively.  Consultancy Services:  MSMEs are provided consultancy on various aspects such as technology upgrades, marketing, finance, management, and legal issues.  The support is extended through the ministry's field offices and partner organizations. For any feedback and query, kindly mail at [email protected]  Export Assistance:  MSMEs receive support to export their products and services.  This includes information, guidance, incentives, and participation in trade fairs and exhibitions at both domestic and international levels.  Environmental Audits:  Environmental audits and assessments help MSMEs comply with norms and adopt eco-friendly practices.  The ministry also promotes sustainable technologies within the sector.  Features of MSMEs:  Market Access Support:  MSMEs provide reasonable assistance to access domestic and export markets for businesses.  Support for Product Innovation:  MSMEs assist in product development, design innovation, and improved packaging solutions.  Technology and Infrastructure Upgrades: For any feedback and query, kindly mail at [email protected]  MSMEs focus on technology upgradation, modernization, and infrastructure improvement within the sector.  Employment Opportunities:  MSMEs are significant contributors to employment generation.  They also facilitate loans for entrepreneurs to support their ventures.  Credit and Funding Support:  MSMEs help secure credit limits and funding support from banks.  This enhances the financial stability of businesses within the MSME sector. 1.4 Role of MSMEs in Indian Economy and Further details Role of MSMEs in the Indian Economy: Dynamic Contribution: MSMEs have proven to be a highly dynamic factor in forecasting the Indian economy.  They produce and manufacture a wide variety of products for both domestic and international markets, promoting the growth and development of various industries. For any feedback and query, kindly mail at [email protected]  Employment Generation:  MSMEs play a critical role in providing employment opportunities in underprivileged and rural areas.  They help industrialize such areas with a lower capital cost compared to larger industries located in cities.  Support to Regional Development:  MSMEs contribute to the industrialization of less-developed areas.  Their operations require low investment, offer flexibility, reduce imports, and contribute significantly to domestic production.  Why the MSME Definition was Changed:  Announcement and Objective:  The new MSME definition was announced by Finance Minister Nirmala Sitharaman under the Atma-nirbhar Bharat Abhiyaan Economic Package.  The change aims to aid MSMEs in growing in size and expanding their operations.  Pandemic-Driven Measures:  The change was introduced to address India’s economic challenges during the For any feedback and query, kindly mail at [email protected] COVID-19 pandemic.  It was part of a larger relief package totaling Rs 20 lakh crore, combining various economic stimulus efforts.  Key Announcements of Atma-nirbhar Bharat Abhiyaan:  Rs 3 lakh crore collateral-free automatic loans for MSMEs.  Rs 50,000 crore equity infusion through the MSME Fund of Funds.  Rs 20 crore subordinate debt for MSMEs.  Extension of registration and completion dates for real estate projects under RERA.  Immediate issuance of pending refunds to all non-charitable trusts.  Extension of the due date for ITR filings for FY 2019-20 to November 30, 2020.  Old MSME Definition Based on Investment (MSMED Act, 2006):  Manufacturing Sector:  Micro Enterprises: Investment ≤ Rs 25 lakh.  Small Enterprises: Investment > Rs 25 lakh and ≤ Rs 5 crore.  Medium Enterprises: Investment > Rs 5 crore and ≤ Rs 10 crore. For any feedback and query, kindly mail at [email protected]  Services Sector:  Micro Enterprises: Investment ≤ Rs 10 lakh.  Small Enterprises: Investment > Rs 10 lakh and ≤ Rs 2 crore.  Medium Enterprises: Investment > Rs 2 crore and ≤ Rs 5 crore.  MSME Regulation in India:  Formation of the Ministry:  In 2007, the Ministry of Small Scale Industries and the Ministry of Agro and Rural Industries merged to form the Ministry of MSME.  The ministry is headquartered in New Delhi and acts as the apex body for formulating and administering MSME-related rules and laws.  Policy and Program Development:  The Ministry develops policies, facilitates programs, and monitors implementation to support and aid MSME growth.  MSME Development Act, 2006:  The Act addresses various issues affecting MSMEs and establishes the National Board for MSMEs. For any feedback and query, kindly mail at [email protected]  It defines the concept of "enterprise" and empowers the Central Government to improve the competitiveness of MSMEs.  Significance of MSMEs in India:  MSMEs have created approximately 11 crore job opportunities across India.  They contribute 29% to India’s GDP, showcasing their central role in the economy.  The updated definition aims to enhance the capacity of Indian enterprises to operate and grow efficiently. 1.5Key Indian Government Initiatives related to MSMEs 1.6 Pradhan Mantri Mudra Yojana (PMMY) About Pradhan Mantri Mudra Yojana (PMMY): Overview: Launched in 2015, PMMY is a flagship initiative by the Government of India to provide affordable credit to micro and small enterprises.  The scheme aims to integrate underserved enterprises into the formal financial system by providing easy access to credit. For any feedback and query, kindly mail at [email protected]  Objective:  PMMY is designed to "fund the unfunded," enabling small borrowers to secure loans from financial institutions.  Loans are provided by Public Sector Banks (PSBs), Regional Rural Banks (RRBs), Cooperative Banks, Private Sector Banks, Foreign Banks, Micro Finance Institutions (MFIs), and Non-Banking Financial Companies (NBFCs).  Loan Details:  Loan Amount: Loans of up to ₹10 lakh for non-farm income-generating activities in sectors like manufacturing, processing, trading, and services.  Eligibility: Any Indian citizen with a viable business plan for a non-farm income- generating activity requiring credit below ₹10 lakh can apply for a MUDRA loan. Applications are made through banks, MFIs, or NBFCs.  Categories of Loans:  Shishu: Loans up to ₹50,000, aimed at new and micro enterprises.  Kishore: Loans between ₹50,000 and ₹5 lakh, for businesses in the growth phase.  Tarun: Loans from ₹5 lakh to ₹10 lakh, for businesses looking to expand further. For any feedback and query, kindly mail at [email protected]  Subsidy:  There is no direct subsidy under PMMY. However, loans linked to government schemes providing capital subsidies can be availed with the associated benefits.  Impact of MUDRA 1.0:  Loan Disbursement:  Over Rs 27.75 lakh crore was disbursed to 47 crore small and new entrepreneurs.  This significantly boosted the grassroots economy and provided formal credit access to previously excluded populations.  Inclusivity:  Approximately 69% of MUDRA loan accounts are held by women entrepreneurs.  About 51% of loan accounts belong to SC/ST and OBC entrepreneurs, promoting social equity and gender equality.  Job Creation:  PMMY has played a pivotal role in creating jobs, especially in rural and semi- urban areas.  The scheme encourages self-employment and supports the growth of small For any feedback and query, kindly mail at [email protected] businesses.  Vision for MUDRA 2.0:  Expanded Scope:  Focus on improving outreach, especially in rural and semi-urban areas.  Include comprehensive services like financial literacy, mentorship, and business support.  Financial Literacy Programmes:  Nationwide initiatives to educate beneficiaries on budgeting, savings, credit management, investment strategies, and digital literacy.  These measures aim to reduce default rates and improve business operations.  Enhanced Credit Guarantee Scheme (ECGS):  Introduce ECGS to encourage more lending to small and microenterprises.  Reduce risks for financial institutions by offering credit guarantees.  Robust Monitoring and Evaluation Framework (RMEF):  Implement technology-driven real-time tracking of loan disbursements, utilization, and repayments. For any feedback and query, kindly mail at [email protected]  Ensure transparency, minimize misuse, and enhance efficiency.  Include beneficiary impact assessments to measure socio-economic outcomes and guide policy improvements.  Budget Update (2024):  The loan limit under the Tarun category has been increased to ₹20 lakh for borrowers who have successfully repaid previous MUDRA loans.  Steps Taken to Improve the Scheme:  Online Application Portals:  Provision for online applications through platforms like PSBLoansin59minutes and Udyamimitra.  Digital Lending by PSBs:  Some Public Sector Banks have introduced end-to-end digital lending for automated sanctions under PMMY.  Publicity Campaigns:  Intensive awareness campaigns by PSBs and Mudra Ltd. to enhance visibility and stakeholder awareness of the scheme. For any feedback and query, kindly mail at [email protected]  Appointment of Nodal Officers:  Mudra Nodal Officers have been nominated in Public Sector Banks to facilitate better implementation and coordination.  Performance Monitoring:  Regular monitoring of Public Sector Banks' performance regarding PMMY to ensure effective execution and improvements. 1.7 Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)  Overview:  The Credit Guarantee Scheme is offered by the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).  It aims to mitigate risks for banks and financial institutions, enabling MSMEs to access credit without requiring collateral.  About the CGTMSE Scheme:  Launch:  The CGTMSE Scheme was introduced in 2000 by the Government of India to provide collateral-free credit to the micro and small enterprise (MSE) sector. For any feedback and query, kindly mail at [email protected]  Scope:  Both new and existing enterprises are eligible for coverage under the scheme.  Funding:  The corpus for CGTMSE is jointly contributed by the Government of India (GoI) and the Small Industries Development Bank of India (SIDBI) in a 4:1 ratio.  The Ministry of MSMEs and SIDBI established the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) to implement the scheme.  Financial Inclusion for MSMEs:  CGTMSE has partnered with the National Institute for MSME, Hyderabad, to establish a Centre of Financial Inclusion.  The Centre focuses on providing financial literacy and credit counselling to MSEs, helping them leverage the scheme's benefits effectively.  Role of SIDBI:  SIDBI, established in April 1990 under an Act of Parliament, serves as the principal financial institution for promoting, financing, and developing MSMEs.  It also coordinates with other institutions engaged in similar activities. For any feedback and query, kindly mail at [email protected]  Revamped CGTMSE Scheme:  Additional Corpus Support:  The revamped CGTMSE Scheme has been provided with ₹9,000 crore in the Union Budget for FY 2023-24.  This additional support aims to provide guarantees for ₹2 lakh crore in loans to MSEs.  Key Changes:  Guaranteed fees for loans up to ₹1 crore have been reduced by 50%.  The guarantee ceiling has been raised from ₹2 crore to ₹5 crore.  The limit for claim settlement without requiring legal action has been increased from ₹5 lakh to ₹10 lakh.  Significance of Revamped CGTMSE:  Ease of Access:  Reduced guarantee fees make it easier for MSEs to avail of loans, lowering financial barriers for small businesses.  Enhanced Protection for Lenders: For any feedback and query, kindly mail at [email protected]  The increased guarantee ceiling and higher claim settlement threshold provide better security to lenders in cases of default by borrowers.  Boost to Credit Flow:  These changes are expected to enhance the credit flow to MSEs, stimulating growth in the sector.  Employment Creation:  By supporting MSEs, the scheme is likely to generate more employment opportunities in the country.  Post-Pandemic Recovery:  These modifications aim to improve the availability and affordability of credit for MSEs, helping them recover from the economic impact of the COVID-19 pandemic.  Focus on Accessibility:  The revamped scheme addresses the need for accessible credit, ensuring MSEs can sustain and expand their businesses effectively. 1.8 PM’s Employment Generation Programme For any feedback and query, kindly mail at [email protected]  Launch Year – 2008.  About - The Government of India approved the introduction of a credit linked subsidy programme called Prime Minister's Employment Generation Programme (PMEGP) for generation of employment opportunities through establishment of micro enterprises in rural as well as urban areas.  It allows entrepreneurs to set up factories or units.  Features - Implementing Agency at the National Level is Khadi and Village Industries Commission (KVIC), which is a statutory organization under the administrative control of the Ministry of MSME.  Eligibility - Any individual, above 18 years of age.  Only new projects/units are considered for sanction of loans.  Self-help groups that have not availed benefits under any other public scheme, societies, production co-operative societies, and charitable trusts.  Maximum Cost of Project/Unit Admissible - Manufacturing Sector: Rs. 50 lakh  Service Sector: Rs.20 lakh  Government Subsidy - Rural Areas: 25% for general category and 35% for special For any feedback and query, kindly mail at [email protected] category, which includes SC/ST/OBC/Minorities, NER, Hill and Border Areas, transgender, physically disabled, north eastern region, aspirational and border district applicants.  Urban Areas: 15% for general category and 25% for special category.  Loans are provided by Public Sector Banks, Regional Rural Banks, Co-operative Banks and Private Scheduled Commercial Banks approved by respective State Task Force Committee.  Amendments in Scheme - A minimum target of 75 projects/district is awarded to all districts of the country to achieve inclusive growth.  Targets are fixed taking into account:  Extent of backwardness of State;  Extent of unemployment;  Extent of fulfillment of previous year targets;  Population of State/Union Territory; and  Availability of traditional skills and raw material.  Higher rate of subsidy (25-35%) will be applicable for women, SC/ST, OBC, For any feedback and query, kindly mail at [email protected] Physically Disabled, NER applicants in rural areas  A second loan of up to Rs.1 crore to existing and better performing PMEGP units for upgrading with subsidy of 15 per cent;  Mandatory Aadhaar and Pan card and Geo-tagging of units.  Merger of Coir Udyami Yojana (CUY) in PMEGP;  The negative list under PMEGP had also been amended allowing serving/selling non-vegetarian food at Hotels/Dhabas and Off Farm/Farm Linked activities  Cap the working capital component for manufacturing units to 40% of the project cost and for service/trading sector to 60% of the project cost. 1.9Zero Defect and Zero Effect (ZED) Scheme for MSME’s Launch Year – 2016 Aim - To develop an Ecosystem for Zero Defect Manufacturing in MSMEs. To promote adaptation of quality tools/systems and energy efficient manufacturing. Enable MSMEs for manufacturing of quality products.  To encourage MSMEs to constantly upgrade their quality standards in products and processes. For any feedback and query, kindly mail at [email protected]  To develop professionals in the area of ZED manufacturing and certification.  To support the 'Make in India' campaign  Features - The scheme is an integrated and comprehensive certification system.  The scheme accounts for productivity, quality, pollution mitigation, energy efficiency, financial status, human resource and technological depth including design and IPR in both products and processes.  Its mission is to develop and implement the ‘ZED’ culture in India based on the principles of Zero Defect & Zero Effect.  About Zero Defect - The Zero defect concept is focusing on the customer.  Zero non-conformance or non-compliance  Zero waste  About Zero Effect - Zero air pollution, liquid discharge, solid waste  Zero wastage of natural resources  ZED Certification\Rating - The Rating is a weighted average of the marks obtained on each parameter.  The MSMEs will be assessed & rated on defined enabler & outcome parameters For any feedback and query, kindly mail at [email protected] on operational level indicators and organisational level indicators at the operational level.  Based on the assessment, the MSME will be ranked as Bronze-Silver-Gold- Diamond-Platinum enterprises.  There are 50 parameters for ZED rating and additional 25 parameters for ZED Defence rating under ZED Maturity Assessment Model.  Implementation - Quality Council of India (QCI) has been appointed as the National Monitoring & Implementing Unit (NMIU) for implementation of ZED.  The Quality Council of India (QCI) is a non-profit organization registered under the Societies Registration Act of 1860. 1.10 Udyami Mitra Portal  Launch Year – 2017  About - Udyami Mitra Portal comes under the regulation of Small Industries Development Bank of India (SIDBI) that eases the whole process of providing credit facilities to Micro, Small and Medium Enterprises (MSMEs).  Features - The portal was launched to improve accessibility of credit for the For any feedback and query, kindly mail at [email protected] MSMEs.  It helps MSMEs for submission of loan applications which can be picked up by multiple lenders.  It aims at bringing in transparency in processing of loans by the banks.  Now non-banking finance companies and small finance banks are being on- boarded on the platform for enhancing flow of credit to MSMEs.  Under the new capitalisation plan banks will have to compete for loans through the revamped portal. 1.11 Solar Charakha Mission  Launch Year – 2018  About - It is the employment generating venture to train rural people in weaving.  The looms and spindles will be completely powered by Solar energy.  It is being implemented by Khadi and Village Industries Commission (KVIC).  Aim - To ensure inclusive growth by generation of employment, especially for women and youth, and sustainable development through solar charkha clusters in rural areas. For any feedback and query, kindly mail at [email protected]  To boost rural economy and help in arresting migration from rural to urban areas.  To leverage low-cost, innovative technologies and processes for sustenance.  Features - The Solar Charkha Mission is an enterprise driven scheme and envisages setting up of ‘Solar Charkha Clusters’ which will have 200 to 2042 beneficiaries (Spinners, Weavers, Stitchers and other skilled artisans).  One cluster would involve a maximum subsidy of Rs. 9.60 crore provided in form of Capital subsidy for individual and Special Purpose Vehicle (SPV), interest subvention for working capital and capacity building.  These solar charkhas are to be operated using solar power which is a renewable energy source. It will help in the development of Green Economy as it is an environment friendly programme. It will also generate sustainable employment for the artisans.  The scheme is envisaged to generate direct employment nearly to one lakh persons in the approved clusters.  The geographical distribution of the clusters covers throughout the country.  At least 10% clusters located in the North Eastern Region (NER), J&K and hilly For any feedback and query, kindly mail at [email protected] states. 1.12 Khadi Gramodyog Vikas Yojana  Launch Year – 2019  About - Khadi Gramodyog Vikas Yojana has two components - (a) Khadi Vikas Yojana  (b) Gramodyog Vikas Yojana  8 different schemes of Khadi & Village Industries are now merged under two heads i.e. 'Khadi Vikas Yojana' and 'Gramodyog Vikas Yojana':  Khadi Vikas Yojana includes Market Promotion & Development Assistance (MPDA), Interest Subsidy Eligibility Certificate (ISEC), Workshed, Strengthening Weak Infra, Aam Aadmi Bima Yojana, Khadi Grant.  Gramodyog Vikas Yojanaa [Village Industries Grant]. 1.13 Rojgar Yukta Gaon  Launch Year – 2019  About - It is a new component under Khadi Gramodyog Vikas Yojana to introduce enterprise-based operation in the Khadi sector. For any feedback and query, kindly mail at [email protected]  It aims to create employment opportunities for thousands of new artisans in the financial year (2018-19 and 2019-20).  Rozgar Yukta Gaon (RYG) aims at introducing an 'Enterprise-led Business Model' in place of 'Subsidy-led model' through a partnership among 3 stakeholders- Khadi Reform and Development Programme (KRDP)-assisted Khadi Institution, Artisans and Business Partner.  It will be rolled out in 50 Villages by providing 10,000 Charkhas, 2000 looms & 100 warping units to Khadi artisans, and would create direct employment for 250 Artisans per village.  Under the Village Industry verticals, special focus shall be on Agro-based and food processing, Handmade Paper and Leather, Pottery and Wellness and Cosmetics sectors. 1.14 A Scheme for Promotion and Innovation, Rural Industries and Entrepreneurship (ASPIRE)  Launch Year – 2015  About - To promote, inspire and develop the rural industry, encourage start-ups For any feedback and query, kindly mail at [email protected] and entrepreneurship in the agro-industry the ASPIRE Scheme was introduced by the Govt of India, MSME with a corpus fund of 200 crores.  Aim - To promote and encourage entrepreneurship in India.  To create further job opportunities for the population that will reduce the poverty and unemployment level of the nation and make people independent.  Economic development at the district level is also another objective of the scheme.  To provide a platform for innovation in the MSME Sector.  To automate the agricultural and related practices.  Recycling of the harvest wastages, off-farm but farm linked wastes.  Components - (a) Livelihood Business Incubators (LBI) - LBI focuses on reducing unemployment in the nation and creating an encouraging environment for the entrepreneurial development of the nation.  LBI also focuses on providing skill development training to youth.  For fulfilling the above objectives the LBI will be implemented through National Small Industries Corporation (NSIC), Khadi and Village Industries Commission For any feedback and query, kindly mail at [email protected] (KVIC), or Coir Board and other agencies of the State and Central Government.  Under LBI the funds are released to the above-mentioned agencies who in turn will release the fund to the PPP incubators based on certain parameters and engagement terms.  After the funds are approved and released by the ministry, a monthly report will have to be submitted by the LBI based on the MIS System.  (b)Technology Business Incubators (TBI) - TBI supports the academic and technical institutions to uplift the technology ideas and innovations for the enterprise so that the incubators can effectively use their available infrastructure.  TBI also supports setting up government institutions, R&D Laboratories, academic institutions, and other technological parks and provides legal, technical, and financial services.  To set up new incubation centres with the support of the agencies.  The appraisal of the existing and the new Incubators will be based on the parameters set by the Advisory Committee that is constituted by the Ministry of MSME. For any feedback and query, kindly mail at [email protected]  The financial support to the incubators will be provided for a period of 3 years after which it will have to be self-sustainable.  (c) Small Industries Bank of India (SIDBI) - The funds initiated in SIDBI were 250 crores which were further increased to 310 crores to contribute to the start-ups of venture capital funds or Alternative Investment Fund (AIF).  The rural and agro-focused companies are only funded under ASPIRE to nurture business development in rural areas. 1.15 SFURTI  Launch Year – 2005  About - The Ministry of MSME is implementing a Scheme of Fund for Regeneration of Traditional Industries (SFURTI) with a view to organize traditional industries and artisans into clusters to make them competitive and increase their income.  Features - Khadi and Village Industries Commission (KVIC) is the nodal Agency for promotion of Cluster development for Khadi as well as for Village Industries products. For any feedback and query, kindly mail at [email protected]  SFURTI clusters are of two types i.e., Regular Cluster (500 artisans) with Government assistance of up to Rs. 2.5 crore and Major Cluster (more than 500 artisans) with Government assistance up to Rs. 5 crore.  The Ministry supports various interventions including setting up of infrastructure through Common Facility Centers (CFCs), procurement of new machineries, creating raw material banks, design intervention, improved packaging, improved skills and capacity development, etc.  Besides, the scheme focuses on strengthening the cluster governance systems with the active participation of the stakeholders, so that they are able to gauge the emerging challenges and opportunities and respond to them.  It is done through building innovative and traditional skills, improved technologies, advanced processes, market intelligence and new models of public- private partnerships, so as to gradually replicate similar models of cluster- based traditional Industries. 1.16 Credit Linked Capital Subsidy Scheme  Launch Year – 2000 For any feedback and query, kindly mail at [email protected]  About - Government has launched updated Credit linked Capital Subsidy Scheme (CLCSS) to allow micro, small and medium enterprises (MSMEs) access to capital.  It is based on the recommendation of the U K Sinha committee set up by RBI.  Aim - It aims to raise MSME contribution to GDP from the current 29% to 50% and increase exports from MSME to 50%.  Features - It provides an upfront subsidy of 15% on institutional credit up to Rs 1 crore for MSMEs in the specified 51 sub-sectors.  There is an additional 10% subsidy for SC-ST entrepreneurs and special provisions have been made for 117 'aspirational' districts, hill states and the northeastern region.  The major objective is to upgrade their plant & machinery with state-of-the-art technology, with or without expansion and also for new Micro and Small Enterprises (MSEs) to set up their facilities with appropriate eligible and proven technology  The Scheme is a demand driven one without any upper limit on overall annual spending on the subsidy disbursal. For any feedback and query, kindly mail at [email protected] 1.17 Udyog Aadhar Memorandum  Launch Year – 2015  About - UAM was launched to improve the ease of doing business.  It is an online portal which facilitates the registration of entrepreneurs in the MSME sectors.  Upon the registration, the user will be allocated an unique Udyog Aadhar Number (UAN). 1.18 MSME Sambandh and Sampark  Launch Year – 2017  MSME Sambandh - It is a public procurement portal unveiled to monitor the implementation of the Public Procurement from MSEs by Central Public Sector Enterprises.  The Procurement Policy launched in 2012 mandates the Central Government Departments / CPSUs to procure necessarily from MSEs.  Every Central Ministry / Department / PSU shall set an annual goal for procurement from the MSE sector at the beginning of the year, with the objective For any feedback and query, kindly mail at [email protected] of achieving an overall procurement goal of minimum of 25% of the total annual purchases of the products or services produced or rendered by MSEs.  MSME Sampark - It is a digital platform wherein, job seekers (passed out trainees / students of 18 MSME Technology Centers) and recruiters (various reputed national & multinational companies) register themselves for getting employment and getting right kind of manpower respectively.  MSME Sampark portal will act as a bridge between the talent pool and those enterprises seeking trained man power. 1.19 MSME Innovation Scheme  Launch Year – 2022  About - It is the combination of existing sub-schemes around incubation, design, and Intellectual Property Rights (IPR) for MSMEs.  Aim - To strengthen MSME’s ecosystem by developing innovative solutions and applications which will help them to move up the value chain.  Features - The government also announced equity support of up to Rs 1 crore for commercialisation of ideas, designs and patents across all three sub-schemes and For any feedback and query, kindly mail at [email protected] also to help MSMEs further scale up to raise subsequent funding.  For this, a separate corpus will be created and managed by SIDBI (Small Industries Development Bank of India) as the fund manager.  The new scheme will ensure support through guidance, financial support, technical support, and more to MSMEs to scale up.  The new scheme would act as a hub for innovation activities facilitating and guiding the development of ideas into viable business propositions that can benefit society directly and can be marketed successfully.  Components - (a) Incubation: The primary objective of the scheme is to promote and support untapped creativity and to promote adoption of latest technologies in MSMEs that seek the validation of their ideas at the proof-of-concept level.  As part of the incubation scheme, the government announced the launch of an MSME Idea Hackathon to invite ideas from MSMEs, innovators and students through host institutes.  Financial assistance up to Rs. 15 lakh per idea and up to Rs. 1.00 crore for relevant plants and machines will be provided. For any feedback and query, kindly mail at [email protected]  (b) Design: The objective of this component is to bring the Indian manufacturing sector and Design expertise/ Design fraternity on to a common platform.  It aims to provide expert advice and cost-effective solutions on real time design problems for new product development, its continuous improvement and value addition in existing/new products.  (c) IPR (Intellectual Property Rights): The objective of the scheme is to improve the IP culture in India with a view to enhance the awareness of Intellectual Property Rights (IPRs) amongst the MSMEs and to encourage creative intellectual endeavor in the Indian economy.  It also aims to take suitable measures for the protection of ideas, technological innovation and knowledge-driven business strategies developed by the MSMEs for their commercialization and effective utilization of IPR tools through IP Facilitation Centre.  Financial assistance upto Rs. 5 lakh for Foreign Patent, Rs. 1.00 lakh Domestic Patent, Rs. 2.00 lakh for GI (Geographical Indication) Registration, Rs. 15,000/- for Design Registration, Rs.10,000/- for Trademark in the form of reimbursement. For any feedback and query, kindly mail at [email protected] 1.20 Credit Guarantee Scheme for Subordinate Debt (CGSSD)  Launch Year – 2020  About - It was launched under AtmaNirbhar Bharat Package to provide credit facility through lending institutions to the promoter(s) of operational but stressed MSMEs (those becoming NPA as on 30th April 2020).  Features - Promoter(s) are given credit equal to 15% of their stake (equity plus debt) or Rs. 75 lakh whichever is lower.  90% guarantee coverage for this sub-debt will be given under the Scheme and 10% would come from concerned promoters.  CGSSD which is also called “Distressed Assets Fund–Sub-ordinate Debt for MSMEs” has been extended upto 31st March 2022. 1.21 SPIN (Strengthening the Potential of India) Scheme  Launch Year – 2021  About - Under SPIN, KVIC will facilitate potters to get easy loans from banks that will help the potters to diversify their activities and enhance their income.  Aim - It is aimed at sustainable development by creating local self- For any feedback and query, kindly mail at [email protected] employment which is aligned with the Prime Minister’s commitment of “Job to Every Hand” (Har Hath Me Kaam).  Features - It is a no-subsidy program.  KVIC facilitates potters to get bank loans under Pradhan Mantri Shishu Mudra Yojana.  No financial burden on the exchequer.  Beneficiaries can repay the loans in easy installments.  It will reduce their dependence on government subsidy and thus make potters self-reliant. 1.22 Micro & Small Enterprises Cluster Development Programme (MSE-CDP)  Launch Year – 2022  About - The Government has adopted the cluster development approach as a key strategy for enhancing the productivity and competitiveness as well as capacity building of Micro and Small Enterprises (MSEs).  Aim - To support the sustainability and growth of MSEs by addressing common issues such as improvement of technology, skills and quality, etc. For any feedback and query, kindly mail at [email protected]  To build the capacity of MSEs for common supportive action through the formation of self-help groups, up-gradation of associations, etc.  To create/upgrade infrastructural facilities in the new/existing industrial areas/ clusters of MSEs.  To set up common facility centres (for testing, training centre, raw material depot, effluent treatment, etc.  Tenure - 2021-22 to 2025-26  Features - Common Facility Centers (CFCs): The central government grant will be restricted to 70% and 60% of the cost of the project under certain conditions.  Infrastructure Development: Similar restrictions have been placed for setting up of a new Industrial Estate / Flatted Factory Complex. 1.23 MSME Competitive (LEAN) Scheme  Launch Year – 2023  Aim - to provide a roadmap to global competitiveness for the MSMEs of India.  The idea is to improve quality, productivity, performance and capability to change the mind-sets of manufacturers and transform them into world class For any feedback and query, kindly mail at [email protected] manufacturers.  Lean Manufacturing - Lean Manufacturing or Lean Production, known simply as LEAN, is a production practice that considers the expenditure of resources for any goal, other than the creation of value for the end customer, to be wasteful and hence should be eliminated.  Lean Principles: Lean manufacturing includes a set of principles that lean thinkers use to achieve improvements in productivity, quality, and lead-time by eliminating waste through kaizen. Principles of Lean Manufacturing are:  Identify Value: Determine what value means from the customer's perspective. This includes understanding what the customer wants, needs, and is willing to pay for.  Map the Value Stream: Create a map of the value stream, which is the sequence of steps required to produce a product or service. This helps identify areas of waste and inefficiency.  Create Flow: Create a smooth, uninterrupted flow of work through the value stream. This involves eliminating bottlenecks and interruptions that slow down the process. For any feedback and query, kindly mail at [email protected]  Implement Pull: Implement a pull system that produces products only as they are needed, based on customer demand. This helps to reduce inventory and waste.  Strive for Perfection: Continuously strive for perfection by identifying and eliminating waste, improving processes, and ensuring quality.  Objective:  Through the LEAN journey, MSMEs can reduce wastage substantially, increase productivity, improve quality, work safely, expand their markets, and finally become competitive and profitable.  Tools:  Under the scheme, MSMEs will implement LEAN manufacturing tools like 5S, Kaizen, KANBAN, Visual workplace, Poka Yoka etc under the able guidance of trained and competent LEAN Consultants to attain LEAN levels like Basic, Intermediate and Advanced.  Government Support:  The government will contribute 90% of implementation cost for handholding and consultancy fees. For any feedback and query, kindly mail at [email protected]  There will be an additional contribution of 5% for the MSMEs which are part of SFURTI clusters, owned by Women/SC/ST and located in Northeast region.  There will be an additional contribution of 5% for MSMEs which are registering through Industry Associations/ Overall Equipment Manufacturing (OEM) organizations after completing all levels.  This is a unique feature to encourage Industry Associations and OEMs for motivating their supply chain vendors to participate in this scheme. 1.24 Raising and Accelerating MSME Performance” (RAMP) scheme  Launch Year – 2022.  About - It is a World Bank assisted Central Sector Scheme, supporting various CoronaVirus Disease 2019 (Covid) Resilience and Recovery Interventions of the Ministry of Micro, Small and Medium Enterprises (MoMSME).  Aim - Improving access to market and credit  Strengthening institutions and governance at the Centre and State  Improving Centre-State linkages and partnerships  Addressing issues of delayed payments and greening of MSMEs For any feedback and query, kindly mail at [email protected]  Components - Important component of RAMP is preparation of Strategic Investment Plans (SIPs), in which all states/UTs will be invited.  The SIPs would include an outreach plan for identification and mobilisation of MSMEs under RAMP, identify key constraints and gaps, set milestones and project the required budgets for interventions in priority sectors including renewable energy, rural & non-farm business, wholesale and retail trade, village and cottage industries, women enterprises etc.  The overall monitoring and policy overview of RAMP would be done by an apex National MSME Council.  The council will be headed by the Minister for MSME, including representation from various Ministries and supported by a secretariat.  Funding - The total outlay for the scheme is Rs. 6,062.45 crore out of which Rs. 3750 crore would be a loan from the World Bank and the remaining Rs. 2312.45 crore would be funded by India.  Implementation - Funds would flow through RAMP into the Ministry’s budget against Disbursement Linked Indicators (DLIs) to support ongoing MoMSME For any feedback and query, kindly mail at [email protected] programmes, focusing on improving market access and competitiveness.  The disbursement of funds from World Bank towards RAMP would be made on fulfilling the following Disbursement Linked Indicators:  Implementing the National MSME Reform Agenda  Accelerating MSME Sector Centre-State collaboration  Enhancing effectiveness of Technology Upgradation Scheme (CLCS-TUS)  Strengthening Receivable Financing Market for MSMEs  Enhancing Effectiveness of Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE) and “Greening and Gender” delivery  Reducing the incidence of delayed payments  Update - New Sub-Schemes:  MSME GIFT Scheme:  Purpose: Facilitate MSMEs in adopting green technology.  Support: Interest subvention and credit guarantee assistance.  MSE SPICE Scheme:  Significance: Pioneering circular economy support scheme for MSMEs. For any feedback and query, kindly mail at [email protected]  Mechanism: Credit subsidy to promote circular economy projects.  Goal: Align MSME sector with zero emissions target by 2070.  MSE ODR Scheme:  Uniqueness: First-of-its-kind scheme integrating legal support, IT tools, and AI.  Objective: Address delayed payment concerns for MSEs.  Implementation Partners:  MoMSME collaborates with:  SIDBI for MSME GIFT and MSE SPICE Schemes.  NICSI for MSE ODR Scheme.  RAMP Program's Vision:  Foster green initiatives, circular economy practices, and streamline dispute resolution for MSEs.  Strengthen financial and technological support to make MSMEs resilient and sustainable. 1.25 Capacity Building of First Time MSE Exporters  Launch Year – 2022 For any feedback and query, kindly mail at [email protected]  Aim - to capacity build MSMEs for entering the export market by facilitating their participation in international exhibitions/fairs/conferences/seminars/buyer-seller meets abroad as well as providing them with actionable market-intelligence and reimbursement of various costs involved in export of goods and services.  The Scheme provides opportunities for MSMEs to continuously update themselves to meet the challenges emerging out of changes in technology, changes in demand, emergence of new markets, etc.  Sub – Components -  Sub-Component-I: Market Development Assistance of MSMEs (MDA)  Sub-Component-II: Capacity Building of First Time MSE Exporters (CBFTE)  Sub-Component-III: Framework for International Market Intelligence Dissemination (IMID)  Eligibility - The Micro and Small Enterprises with valid Udyam Registration are eligible to apply under the scheme.  To claim the benefits under the scheme, the applicant's Importer Exporter Code (IEC) must not be older than 3 years on the date of export shipment. For any feedback and query, kindly mail at [email protected]  Financial Assistance - Registration-cum-Membership Certificate (RCMC) charges/fee paid by the first-time exporter to relate EPCs - 75% of the cost paid subject to a maximum of ₹20,000/- or actual, whichever is lower subject to quarterly reporting by EPCs as per prescribed format.  Export Insurance Premium paid to Export Credit Guarantee Corporation Ltd. (ECGC) under the ECGC's Small Exporter's Policy - Maximum financial assistance in a financial year of ₹10,000/- or actual, whichever is lower subject to quarterly reporting by ECGC Ltd. as per prescribed format.  Fee paid on Testing & Quality Certification acquired by MSEs to Export Products - 75% of the testing and quality certification with a ceiling of ₹1.00 Lakh or actual, whichever is lower, subject to the following conditions:  1. Financial assistance is allowed for a maximum of 3 certificates per financial year with a ceiling of ₹1.00 Lakh per MSE unit.  2. Certificate, for which financial assistance is requested, should be attained within the same financial year. 1.26 Gramdyog Vikas Yojana For any feedback and query, kindly mail at [email protected]  Launch Year – 2020  About - It is one of the two components of the Khadi Gramodyog Vikas Yojana which is a Central Sector Scheme (CSS).  The other component of Khadi Gramodyog Vikas Yojana is the Khadi Vikas Yojana (KVY) which includes two new components such as Rozgar Yukt Gaon, Design House (DH)  Aim - to promote and develop the village industries through common facilities, technological modernization, training etc.  Eligibility - Any person Traditional Artisans, Knowledge of Skill experience in Art and craft.  Khadi and Village Industries Commission (KVIC) organises short duration specialized skill development programme followed by distribution of tools and kits to start their micro/ small units activities in local area.  Beneficiaries - Artisans, Unemployed Youth and Self Help Groups (SHGs)  Components:  Research & Development and Product Innovation: R&D support would be given to For any feedback and query, kindly mail at [email protected] the institutions that intend to carry product development, new innovations, design development, product diversification processes etc.  Capacity Building: Under the Human Resource Development and Skill Training components, exclusive capacity building of staff as well as the artisans would be adequately addressed through the existing MDTCs and institutions of excellence.  Marketing & Publicity: The V.I. institutions will be provided market support by way of preparation of product catalogue, Industry directory, market research, new marketing techniques, buyer seller meet, arranging exhibitions etc. 1.27 Panjikaran Se Pragati  Launch Year – 2024  A national campaign initiated jointly by the Ministry of MSME and the Women Entrepreneurship Platform (WEP)  Encourages women entrepreneurs across the nation to register under Udyam and access vast opportunities.  Women Entrepreneurship Platform (WEP) Unnati - Udyamita se Pragati tak:  A collaborative program between the Ministry of MSME and WEP. For any feedback and query, kindly mail at [email protected]  This initiative, known as MSME-WEP Award-to-Reward (ATR) program, aims to elevate Women MSMEs to the next level through comprehensive capacity- building support provided by WEP.  Mentorship Platform:  An initiative aimed at fostering mentorship opportunities specifically for women entrepreneurs. 1.28 Market Promotion and Development Assistance Scheme (MPDA)  Launch Year – 2010  Features - The Market Promotion and Development Assistance Scheme (MPDA) was launched as a unified scheme by merging different schemes implemented by the Khadi sector including publicity, marketing, market promotion, and marketing development assistance.  Grant/subsidy was also provided for construction of Khadi plazas. The overall objective of the scheme is to ensure increased earnings for artisans. 1.29 Interest Subsidy Eligibility Certificate  Interest Subsidy Eligibility Certificate Scheme was launched in May 1977 to help For any feedback and query, kindly mail at [email protected] Khadi and Polyvastra producing institutions in mobilizing the capital funds from banking institutions.  Under the Scheme, implementing agencies can avail of bank loan as per the ISEC issued by the KVIC on payment of only 4 percent of interest and difference between the actual interest charged by the bank and 4 percent is borne by KVIC as interest subsidy. 1.30 Institutional Support for MSMEs:  National Bank for Agriculture and Rural Development (NABARD) adopting a multi- pronged, multi-purpose strategy for the promotion of rural business enterprises in the country.  The Rural Small Business Development Centre (RSBDC) It works for the benefit of socially and economically disadvantaged individuals and groups.  National Small Industries Corporation (NSIC) set up with a view to promote, aid and foster the growth of small business units in the country. This focuses on the commercial aspects.  Small Industries Development Bank of India (SIDBI) to provide direct/indirect For any feedback and query, kindly mail at [email protected] financial assistance under different schemes, to meet the credit needs of small business organisations. 1.31 Special Credit Linked Capital Subsidy Scheme (SCLCSS)  Introduction:  The Ministry of Micro, Small, and Medium Enterprises (MSMEs) launched the SCLCSS specifically for the services sector.  The scheme aims to address the technology-related needs of enterprises in the services industry.  Key Features of SCLCSS:  Capital Subsidy:  Provides a 25% capital subsidy for the purchase of plant, machinery, and service equipment.  This subsidy is available through institutional credit, exclusively for Scheduled Caste (SC) and Scheduled Tribe (ST) MSMEs.  The scheme does not impose sector-specific restrictions for technology upgradation. For any feedback and query, kindly mail at [email protected]  Significance of SCLCSS:  Technology Advancement:  Supports the technology upgradation of Micro and Small Enterprises (MSEs).  Enhances the quality of services offered by MSMEs and boosts productivity while reducing waste.  Continuous Improvement:  Promotes a culture of innovation and consistent enhancement in operations among MSMEs.  Encourages digital empowerment and design interventions to strengthen the MSME ecosystem.  Credit Linked Capital Subsidy Scheme for Technology Upgradation (CLCSS):  Launch and Objective:  Initially launched in 2000.  The primary goal is to enable MSEs to upgrade their technology by offering financial support.  Subsidy Details: For any feedback and query, kindly mail at [email protected]  Provides an upfront capital subsidy of 15% on institutional finance up to ₹1 crore.  The subsidy applies to well-established and improved technologies for 51 specified sub-sectors or products.  Scope of the Scheme:  Encourages MSEs to upgrade their plant and machinery to state-of-the-art technology.  Applies to both existing enterprises seeking modernization and new MSEs using approved technology.  Focus Areas:  Facilitates expansion, modernization, and technology integration for eligible enterprises.  Aims to strengthen the competitiveness of MSMEs in domestic and global markets. 1.32 MSME SAMADHAAN  Launch Year – 2017  The Ministry of Micro,Small & Medium Enterprises (MSME) has launched MSME For any feedback and query, kindly mail at [email protected] Delayed Payment Portal – MSME Samadhaan for empowering micro and small entrepreneurs across the country to directly register their cases relating to delayed payments by Central Ministries/Departments/CPSEs/State Governments. 1.33 MSMED Act, 2006  Objective:  The Micro, Small, and Medium Enterprises Development (MSMED) Act, 2006 includes provisions to address cases of delayed payments to Micro and Small Enterprises (MSEs).  Provisions on Delayed Payments:  If a buyer fails to pay an MSE supplier for goods or services within 45 days of the acceptance or deemed acceptance of the goods/service, they are liable to pay compound interest.  The interest is calculated at three times the bank rate as notified by the Reserve Bank of India, with monthly rests.  Role of State Governments:  Establishment of MSE Facilitation Councils (MSEFC): For any feedback and query, kindly mail at [email protected]  State Governments must establish MSEFCs to handle disputes related to delayed payments (as per Sections 20 and 21 of the Act).  The MSEFC provides a platform for MSEs to file complaints and seek resolution of payment-related issues.  Eligibility to File Complaints:  Only micro or small enterprises with a valid Udyog Aadhaar (UAM) can apply to the MSEFC for resolution.  Process for Dispute Resolution:  Examination of Cases:  Upon receiving a complaint from an MSE unit, the MSEFC examines the case.  It issues directions to the buyer to pay the due amount along with applicable interest, as stipulated under the MSMED Act.  Timeframe for Resolution:  Every case referred to the MSEFC must be decided within 90 days from the date of reference, as per the Act's provisions.  Implementation and Oversight: For any feedback and query, kindly mail at [email protected]  Authority of MSEFC:  The MSEFC is chaired by the Director of Industries of the respective State or Union Territory, who oversees the administrative control of MSE units.  The council ensures the effective implementation of provisions and provides necessary support to MSEs in resolving disputes. 1.34 MSME Samadhaan Portal  Launch Year – 2017  Features - Ministry of MSME has taken an initiative for filing online application by the supplier MSE unit against the buyer of goods/services before the concerned MSEFC of his/her State/UT. These will be viewed by MSEFC Council for their actions. These will be also visible to Concerned Central Ministries, Departments, CPSEs, State Government, etc for pro-active actions. 1.35 Government e-Marketplace (GeM)  Purpose:  GeM facilitates the online procurement of commonly used goods and services required by various Government Departments, Organisations, and Public Sector For any feedback and query, kindly mail at [email protected] Undertakings (PSUs).  Launch:  The initiative was launched in August 2016 by the Ministry of Commerce and Industry, Government of India.  Current Version:  GeM 3.0 was launched on January 26, 2018.  This version includes tools like e-bidding, reverse e-auction, and demand aggregation to ensure transparency, efficiency, and cost-effectiveness in public procurement.  GeM Statistics (as of March 31, 2023):  Gross Merchandise Value (GMV):  ₹2 lakh crore GMV recorded during FY 2022-23.  Cumulative GMV since inception exceeds ₹4.29 lakh crore.  Transactions:  Total transactions on GeM have crossed 1.54 crore.  Savings: For any feedback and query, kindly mail at [email protected]  Estimated minimum savings of about 10%, amounting to approximately ₹40,000 crore in public funds.  Significance of GeM:  Transparency and Corruption Reduction:  GeM eliminates human interface in vendor registration, order placement, and payment processing, reducing delays and corruption.  Transaction Visibility:  Provides complete visibility of all transactions, ensuring fair opportunities for sellers.  Price Comparison:  Enables price comparison to select competitive and quality products.  Standards Compliance:  Ensures listed products and services meet required standards and specifications.  Inclusivity and Innovation:  Promotes innovation by offering opportunities for startups, MSMEs, women entrepreneurs, and artisans to showcase their products and services. For any feedback and query, kindly mail at [email protected]  Major Developments on GeM:  GeM Outlet Stores:  Categories like SARAS, Ajeevika, Tribes India, Startup Runway, Khadi India, India Handloom, India Handicraft, and Divyangjan now have dedicated outlet stores.  GeM-CII MoU:  A memorandum of understanding was signed between GeM and the Confederation of Indian Industry (CII).  This partnership established a GeM-CII Centre of Excellence (CoE) for training, research, and advocacy support.  Integration with CSC and India Post:  GeM is now integrated with India Post and Common Service Centers (CSC) to provide logistics services to remote parts of the country for sellers and buyers.  Bamboo Market Window:  A dedicated window for marketing bamboo goods was launched in collaboration with the National Bamboo Mission.  Public Procurement and its Economic Impact: For any feedback and query, kindly mail at [email protected]  Definition:  Public procurement is the process by which governments and state-owned enterprises purchase goods and services from the private sector.  Economic Contribution:  Public procurement accounts for 15-20% of India’s GDP.  An efficiently managed public procurement process is vital for the nation’s economic health. 1.36 CHAMPIONS Portal  Introduction:  Launch: The CHAMPIONS portal was launched by the Ministry of Micro, Small, and Medium Enterprises (MSME).  Acronym: CHAMPIONS stands for Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength.  Purpose: It is designed as a technology-driven Control Room-Cum-Management Information System.  Technological Features: For any feedback and query, kindly mail at [email protected]  ICT Tools:  Utilizes modern Information and Communication Technology (ICT) tools such as telephone, internet, and video conferencing.  Advanced Technologies:  The system is enabled by Artificial Intelligence (AI), Data Analytics, and Machine Learning for enhanced functionality.  Integration:  Fully integrated in real-time with the Government of India’s Centralized Public Grievances Redress and Monitoring System (CPGRAMS).  Connected with other web-based mechanisms of the Ministry.  Architecture:  The ICT infrastructure was developed in-house with the assistance of the National Informatics Centre (NIC).  Operational Model:  Hub and Spoke Model:  Hub: Located in New Delhi within the Secretary MSME's office. For any feedback and query, kindly mail at [email protected]  Spokes: Spread across states, operating through various offices and institutions of the Ministry.  Aim of the Portal:  To assist Indian MSMEs in becoming National and Global CHAMPIONS.  Focuses on resolving grievances while providing support, encouragement, and guidance to MSMEs.  Objectives:  Support:  Addresses MSME challenges related to finance, raw materials, labor, permissions, and other operational needs during difficult situations.  Explore:  Helps MSMEs explore new opportunities, especially in manufacturing essential products like Personal Protective Equipment (PPE), masks, and other medical accessories.  Promote:  Identifies high-potential MSMEs with the capacity to grow into national and For any feedback and query, kindly mail at [email protected] international champions.  Significance:  The CHAMPIONS portal acts as a comprehensive solution for MSMEs, enabling grievance redressal, resource allocation, and capacity building in a seamless and technologically advanced manner. 1.37 Equity Infusion for MSMEs through Fund of Funds  Introduction:  Objective: To address the severe shortage of equity funding faced by MSMEs and provide growth-stage financial support.  Purpose: To encourage MSMEs with growth potential to expand and get listed on stock exchanges.  Challenges Addressed:  Funding Gap: Venture Capital (VC) and Private Equity (PE) firms focus primarily on early-stage funding, with limited support for growth-stage funding.  Equity Needs: The Fund of Funds bridges the gap for underserved MSMEs with growth potential and viability. For any feedback and query, kindly mail at [email protected]  Features of the Scheme:  Equity Funding:  Provides equity funding for MSMEs to meet their growth-stage requirements.  Supports MSMEs with the potential for commercial viability and expansion.  Private Sector Leverage:  Encourages private sector investments in MSMEs by leveraging a fund of ₹50,000 crore.  Facilitates partnerships with VC or PE firms to boost investments in viable MSMEs.  Government Intervention:  Intermediates between different types of funds and underserved MSMEs to meet their growing needs.  Eligibility:  Eligible Beneficiaries: All MSMEs are eligible for equity funding through this scheme.  Application Process: MSMEs can apply through Investor Funds that are For any feedback and query, kindly mail at [email protected] onboarded and registered with the proposed Fund of Funds.  Nature of Assistance:  Support Mechanism:  The Government of India supports VC or PE firms to invest in commercially viable MSMEs.  Growth Requirements:  Provides the necessary financial backing to help MSMEs grow and scale up their operations.  Significance:  Promotes MSME Growth: Enables viable and high-growth MSMEs to expand operations and achieve long-term success.  Market Accessibility: Encourages MSMEs to get listed on stock exchanges, enhancing their visibility and access to capital.  Private Sector Collaboration: Strengthens partnerships between the government and private investors to benefit the MSME sector.  Economic Impact: Boosts the MSME sector’s contribution to the economy by For any feedback and query, kindly mail at [email protected] addressing funding challenges and supporting growth-oriented enterprises. 1.38 SIDBI Make In India Loan For Enterprises (SMILE)  Introduction:  Purpose: Supports the Government of India’s ‘Make in India’ campaign by enabling MSMEs to actively participate.  Loan Type: Offers soft loans in the nature of quasi-equity and term loans on relatively soft terms.  Focus: Helps MSMEs achieve the required debt-equity ratio for establishment and provides financial support for growth opportunities.  Eligibility:  New Enterprises:  Covers new enterprises in the manufacturing and services sectors.  Existing Enterprises:  Includes existing enterprises seeking to expand operations to take advantage of emerging opportunities.  Supports enterprises undertaking modernization, technology upgrades, or For any feedback and query, kindly mail at [email protected] projects for business growth.  Focus on Smaller MSMEs:  Special emphasis is placed on financing smaller enterprises within the MSME sector.  Nature of Assistance:  Loan Amount:  Minimum loan size for equipment and finance: ₹10 lakh.  Minimum loan size for other purposes: ₹25 lakh.  Repayment Period:  Loan repayment tenure of up to 10 years.  Includes a moratorium period of up to 36 months to ease financial pressure on borrowers.  Significance:  Promotes Manufacturing: Encourages MSMEs to establish and expand manufacturing capabilities.  Boosts Services Sector: Supports the development and modernization of For any feedback and query, kindly mail at [email protected] enterprises in the services sector.  Enhances Competitiveness: Enables MSMEs to pursue technology upgrades and modernization, improving efficiency and market competitiveness.  Drives Economic Growth: Aligns with the ‘Make in India’ campaign to promote domestic production and strengthen the economy. 1.39 MSME Business Loan for Startups in 59 Minutes  Overview:  Objective: Provides MSME loans in a streamlined and efficient manner, automating and digitizing the loan approval process.  Portal Launch: A dedicated web portal was introduced to process loans within 59 minutes, ensuring quick access to funds.  Loan Disbursement: Approved loans are disbursed within 7-8 working days after approval.  Loan Types: Supports term loans, working capital loans, and Mudra loans.  Eligibility:  Eligible Applicants: For any feedback and query, kindly mail at [email protected]  Existing businesses or MSMEs seeking in-principle approval for term loans or working capital loans.  Businesses must be IT-compliant and provide a six-month bank statement.  GST Registration:  Both GST-registered and non-registered businesses are eligible.  Non-GST-registered businesses can self-declare their relevant details.  Documentation Flexibility:  Businesses without ITR filings or bank statements can self-declare details for Mudra loan applications.  Criteria:  Income or revenue, repayment capacity, existing credit facilities, and lender- specific factors determine eligibility.  Portal integration with CGTMSE ensures compliance with eligibility requirements.  Nature of Assistance:  Loan Amount:  Business loans: In-principle approvals from ₹1 lakh to ₹5 crores. For any feedback and query, kindly mail at [email protected]  Mudra loans: In-principle approvals from ₹10,000 to ₹10 lakh.  Collateral: Loans can be provided with or without collateral.  Interest Rates: Start from 8.5% onwards.  Significance:  Quick Processing: Automates loan application, reducing processing time to under an hour.  Ease of Access: Simplifies loan acquisition for MSMEs, addressing their financial needs efficiently.  Promotes Compliance: Encourages businesses to maintain IT compliance and proper documentation.  Boosts MSME Growth: Facilitates timely financial support to strengthen MSME operations and expansion. 1.40 MSME Loan Scheme by Banks  Overview:  Types of Loans:  Term Loans: Offered for capital expansion, capital expenditure, or purchasing For any feedback and query, kindly mail at [email protected] fixed assets.  Working Capital Loans: Provided to fulfill daily cash flow requirements of MSMEs.  Customized Schemes: Banks and financial institutions have specialized MSME loan schemes, each with unique terms and conditions.  Interest Rates:  Determining Factors:  Loan amount, repayment tenure, nature and duration of the business, creditworthiness, and repayment capacity influence the interest rates.  Variability: Different banks or financial institutions may offer varying interest rates based on their internal criteria.  Collateral Requirements:  Many MSME loans are offered without collateral, enabling easier access to funds for small businesses.  Institutions Offering MSME Loans:  Banks:  Examples include State Bank of India, HDFC Bank, ICICI Bank, and Axis Bank. For any feedback and query, kindly mail at [email protected]  Non-Banking Financial Companies (NBFCs): Provide flexible MSME loan options.  Small Finance Banks (SFBs): Focus on lending to underserved segments, including MSMEs.  Regional Rural Banks (RRBs): Offer financial support to MSMEs in rural areas.  Microfinance Institutions: Extend small loans to micro and small enterprises.  Significance:  Support for MSMEs: Helps businesses manage daily operations and fund long- term growth.  Flexibility: Wide range of institutions and schemes cater to diverse business needs.  Ease of Access: Availability of collateral-free loans enhances accessibility for small and micro enterprises. 1.41 Other Important Government Initiatives  Access to Credit:  59-Minute Loan Portal:  Enables MSMEs to access credit easily, with loans up to ₹1 crore receiving in- For any feedback and query, kindly mail at [email protected] principle approval in just 59 minutes.  The portal is accessible via the GST portal for seamless integration.  Interest Subvention:  A 2% interest subvention is provided for all GST-registered MSMEs on fresh or incremental loans.  Exporters receive an increased interest rebate, raised from 3% to 5%, on pre- shipment and post-shipment loans.  Trade Receivables e-Discounting System (TReDS):  Companies with a turnover exceeding ₹250 crore must join TReDS.  This mechanism allows MSMEs to access credit from banks against their receivables, addressing cash cycle issues.  Established under the RBI’s regulatory framework as per the Payment and Settlement Systems Act, 2007.  Mandatory Procurement by Public Sector Units (PSUs):  Public sector companies are required to procure 25% of their purchases from MSMEs, an increase from the earlier mandate of 20%. For any feedback and query, kindly mail at [email protected]  Of this 25%, 3% is reserved for procurement from women entrepreneurs.  Government e-Marketplace (GeM):  All public sector undertakings must use GeM and register their vendors on this platform.  GeM enables online procurement of goods and services for government departments, ministries, and PSUs.  It is a paperless, cashless, and automated system developed by the Directorate General of Supplies and Disposals (DGS&D) under the Ministry of Commerce and Industry.  Technology Upgradation:  Tool Rooms and Design Hubs:  20 hubs and 100 spokes in the form of tool rooms are being established nationwide.  These facilities will support MSMEs in product design, tool repair, and advanced manufacturing solutions.  Ease of Doing Business: For any feedback and query, kindly mail at [email protected]  Pharma Clusters:  Clusters of pharmaceutical MSMEs will be created, with 70% of the establishment cost funded by the Union Government.  Simplification of Government Procedures:  Returns under 8 labor laws and 10 Union regulations now need to be filed only once a year.  Inspector visits are decided via computerized random allotment, reducing discretion.  Environmental Clearances:  Clearances under air and water pollution laws have been merged into one streamlined process.  Self-certification is accepted for environmental returns.  Minor Violations under the Companies Act:  Entrepreneurs no longer need to approach courts for minor violations.  Corrections can be made through simplified procedures, enhancing compliance ease. For any feedback and query, kindly mail at [email protected] 1.42 Major Challenges  Major Challenges Related to MSMEs:  Lack of Adequate Access to Finance:  Despite the availability of government schemes like Mudra loans, MSMEs still face significant difficulties in accessing credit.  Traditional banks often view MSMEs as high-risk borrowers, primarily due to their limited credit history and lack of collateral.  This limited access to finance restricts MSMEs' ability to invest in business expansion, innovation, and working capital, impacting their growth prospects.  Delayed Payments:  One of the most pressing challenges faced by MSMEs is delayed payments from larger businesses or government agencies.  Delayed payments put considerable pressure on the working capital of MSMEs, disrupting their cash flow and making it difficult to manage day-to-day operations.  Small suppliers or contractors can experience severe financial strain due to For any feedback and query, kindly mail at [email protected] delayed payments for goods or services, often leading to business continuity risks.  Limited Skilled Workforce:  Many MSMEs struggle to find workers with the necessary skills to operate advanced machinery or adopt new technologies.  The lack of skilled labor can lead to inefficiencies in production, delays, and reduced product quality, making it difficult for MSMEs to compete in the market.  Limited Branding and Outreach:  MSMEs often lack the resources, marketing expertise, and financial capacity to effectively promote their products or build brand awareness.  This makes it challenging for them to compete with larger companies or established brands, particularly in the competitive online marketplace.  Infrastructure Constraints:  Inadequate infrastructure such as poor road connectivity, unreliable power supply, and lack of access to modern facilities can severely hinder MSME operations.  For example, a small food processing unit in a rural area may struggle to transport For any feedback and query, kindly mail at [email protected] products due to poor roads or face frequent production disruptions due to erratic power supply, impacting business efficiency. 1.43 KYC for MSME  KYC (Know Your Customer) is a comprehensive process used by financial and non- financial institutions to verify the authenticity and identity of their customers.  It is mandatory for customers to complete KYC before investing in any financial instruments or starting a bank account.  In India, separate KYC processes are required for different financial products, such as opening a bank account, investing in mutual funds, buying life insurance, or investing in retirement-savings funds.  The requirement for multiple KYCs and regular updates can be a deterrent for new investors.  To simplify this process, the Indian government launched the Central KYC Records Registry to avoid the need for repeated KYC for different financial assets. 1.44 Central KYC Records Registry (CKYCR)  Launch - The CKYCR was launched by the Government of India in 2016 to For any feedback and query, kindly mail at [email protected] centralize KYC records.  Features - Initially, the CKYCR is limited to capital markets and securities transactions.  Once KYC is completed through a Securities and Exchange Board of India (SEBI)- registered intermediary, such as a broker, depository participant, or mutual fund, customers do not need to repeat the process for future investments in the securities market.  The Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) is authorized by the government to manage the CKYCR.  The CKYCR stores and retrieves KYC records in a digitally secure electronic format.  Customers only need to submit their KYC details once to any of the reporting entities, which include institutions like the Reserve Bank of India (RBI), SEBI, the Insurance Regulatory and Development Authority of India (IRDAI), and the Pension Fund Regulatory and Development Authority (PFRDA).  After registering their KYC details, customers receive a 14-digit KYC Identification Number (KYC ID), which can be used with any financial institution registered with For any feedback and query, kindly mail at [email protected] CERSAI.  Financial institutions can access the CKYCR database to retrieve customers' KYC records when onboarding new customers.  If there are any changes to a customer’s details, the reporting entity will update the KYC record in the CKYCR.  Expert Committee on KYC Norms:  The Government of India has formed an expert committee, led by Finance Secretary T V Somanathan, to provide recommendations for uniform KYC norms across financial institutions. 1.45 KYC Documents for different kinds of MSME accounts  Documents Required for MSME Loan Application:  Identity Proof:  A valid identity proof is essential for MSME loan applications.  Acceptable documents include:  PAN Card  Passport For any feedback and query, kindly mail at [email protected]  Voter ID  Aadhaar Card  Driving License  Address Proof:  Proof of address is necessary to verify the applicant's residential or business location.  Acceptable documents include:  Passport  Voter ID  Aadhaar Card  Utility bills (electricity, water, or telephone bills)  Driving License  Proof of Income:  Proof of income is required to assess the applicant’s ability to repay the loan.  Acceptable documents include:  Income Tax Returns (ITR) for the last three years For any feedback and query, kindly mail at [email protected]  Financial Statements for the last three years  Informal income documents (if applicable)  Other Documents:  Additional documents include:  A signed application form with a recent photograph  A cheque for the processing fee  Bank statements for the last six months  Property documents (title deeds, proof of no encumbrances)  Documentation for Self-Employed Individuals:  Self-employed individuals need to provide extra documentation to verify their income sources.  Acceptable documents include:  Business registration certificates  GST registration  Other relevant business financial documents  Detailed Explanation of Required Documents: For any feedback and query, kindly mail at [email protected]  Each document serves a specific purpose in the loan approval process:  PAN Card and Aadhaar Card are used for identity verification.  Utility bills and rental agreements help verify the applicant's address.  Financial statements and bank statements offer insight into financial stability and repayment capacity.  Note on KYC Requirements:  Adherence to KYC norms set by regulatory authorities is essential.  It is recommended to check with the nearest branch for the full list of KYC documents to ensure compliance.  Importance of Validity:  Ensure all documents are valid and not expired.  Special attention should be given to documents like Driving License and Passport, where expiry dates are critical.  How Can Business Entities Open a Checking Account?  Required Proof of Business Ownership:  Business entities must provide proof of ownership to open and operate a For any feedback and query, kindly mail at [email protected] check

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