State
Uttar Pradesh
-
March 10, 2022
MSME Innovative Scheme
Manufacturing
Summary
The MSME Innovative Scheme supports Udyam-registered units via Incubation, Design, and IPR. It offers up to ₹2.5 Lakh for student designs, reimburses patent fees, and funds Host Institutes for machinery. It fosters creativity and protects intellectual property assets.
Eligibility
- Must be a registered MSME (Micro, Small, or Medium) with valid Udyam Registration.
- Manufacturing units often need to be profitable (at least the last year), though exceptions exist.
- Requires qualified industrial designers with relevant experience for design projects.
- Institutions apply to become Host Institutes (HIs).
Documents
- Udyam Registration Certificate.
- Bank Mandate.
- Original Bills/Vouchers (for reimbursement).
- Project Reports (for incubation/loans).
Subsidy/Benefits
- Student Design: Up to 75% of project cost (max ₹2.5 Lakh) for design work on MSME projects.
- IPR: Reimbursement for registration fees (Patents, Designs, Trademarks, GIs).
- Incubation: Capital support for Plant & Machinery to Host Institutes
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