What are Schemes?

SPRS is a developmental scheme managed by the National Small Industries Corporation (NSIC) for supporting MSE. Undoubtedly, the Indian government is the single largest purchaser of a large array of goods. The objective behind this scheme was to increase the number of purchases from the small-scale sector. By opting for this scheme, NSIC registers the eligible MSEs for participation in government purchases without any Earnest Money Deposit (EMD), which is the money taken from bidders before they place any bid, as a security deposit for ensuring their seriousness in the project.

Since MSMEs and entrepreneurs are involved in pleathora of testing new products and are always in a quest to achieve international standards of excellence. To facilitate their endeavours, NSIC launched Testing Labs Scheme by setting various testing laboratories accredited by NABL / BIS, provides material and product testing, energy audit, facilities, thus, enhancing their overall competitiveness. These Centre are equipped with the State of the Art indigenous equipments for carrying out performance and acceptance tests in the fields of chemical, material, electrical, motor & pumps, metallurgical etc.

National Science and Technology Entrepreneurship Development Board (NSTEDB) of the Department of Science and Technology (DST), Govt. of India is supporting Technology Business Incubators primarily in and around academic, technical and management institutions to tap innovations and technologies for venture creation by utilizing expertise and infrastructure already available with the host institution. Accelerator is a typically a 3-6 months’ fast track structured program helping ideas get accelerated to the next orbit. An accelerator aims at achieving one or more of the following objectives - introduction to entrepreneurial development to identify business opportunities (real problems that require real solutions), validate product ideas, engage with potential customers, build a scalable business model, build a product demonstration, manage team dynamics and pitch to investors. The Accelerators can be used to boost the Incubator’s existing activities to build attractive high quality startups, and have a customer centric validation model which enhances investment readiness as well as worthiness.

Business incubation has been globally recognized as an important tool for economic development and job creation. Innovation and Entrepreneurship Division of Department of Science and Technology (DST) has been supporting the technology based stratups through its flagship programme of “Technology Business Incubator”. Technology Business Incubators have been supported primarily in and around academic and technical institutions to tap potential technology ideas and innovations for venture creation by effectively utilizing expertise and existing infrastructure already available with the host institution. Technology based new enterprises are high risk and high growth ventures, and they require an enabling environment like NIDHI-Centre of Excellence (NIDHI-CoE) to enhance the prospects of their success.

Small Industries Development Bank of India (SIDBI) set up on 2nd April 1990 under an Act of Indian Parliament, acts as the Principal Financial Institution for Promotion,Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector as well as for co-ordination of functions of institutions engaged in similar activities

This scheme seeks to establish independent, trusted third party opinion on capabilities and credit-worthiness of MSEs, and makes credit available at attractive interest rates and will ensure better productivity. Under this scheme (as per the turnover of the MSE) a percent of Rating Agency charges are reimbursed by Ministry of SSI.

Chunauti, the pandemic-influenced scheme, is a government of India initiative named CHUNAUTI'(Challenge Hunt Under NGIS for Advanced Uninhibited Technology Intervention), to invite Startups to develop solutions for problems amid pandemic. Launched in August 2020, Chunauti is a start-up challenge initiative under the Next Generation Incubation Scheme (NGIS)

The scheme aims at creating sustainable entrepreneurship development in the area of Information and Communication Technology (ICT) especially first generation entrepreneurs by fostering nurturing the innovative ideas to commercially viable business prepositions. Entrepreneurs harness the expertise of NSIC in extending hand holding of start-up companies to become successful small enterprises. The scheme also caters to networking between R&D and Industry beneficiaries to create successful commercial ventures.

This scheme is for individual beneficiaries and is implemented through the SCAs.

SFURTI is a Scheme of Fund for Regeneration of Traditional Industries. Ministry of MSME has launched this scheme in the year 2005 with the view to promote Cluster development. KVIC is the nodal Agency for promotion of Cluster development for Khadi as well as for V.I. products. As on date, a no. of 76 Clusters have come up as per the scheme and many of these clusters have been completed. The Revamped SFURTI Cluster will intensify the sustainability of the programme beyond the project period through creation of Special Purpose Vehicle (SPV) or deemed SPV. Further, the revamped guideline has added many new features for all round development of SFURTI clusters

TIDE 2.0 will promote tech entrepreneurship through financial and technical support to incubators engaged in supporting ICT startups primarily engaged in using emerging technologies such as IoT, AI, Block-chain, Robotics etc. in pre-identified areas of societal relevance. The Scheme will be implemented through empowering 51 incubators in India and handholding close to 2000 tech start-ups over a period of 5 years. The scheme envisions creating a holistic ecosystem to support technology startups and incubation centers through identifying and creating necessary linkages.

Swarojgar Credit Card (SCC) Scheme was introduced in September 2003 for providing adequate, timely and uninterrupted credit, i.e., working capital including consumption needs and/or block capital requirements to the small artisans, handloom weavers and other self -employed persons including micro-entrepreneurs, SHGs, etc., from the banking system in a flexible, hassle free and cost effective manner.

SETU will be a Techno-Financial, Incubation and Facilitation Programme to support all aspects of start up businesses, and other self-employment activities, particularly in technology-driven areas. It aims to create around 100,000 jobs through start-ups.

ASPIRE- was launched to set up a network of technology centres and to set up incubation centres to accelarate enterpreneurship and also to promote startups for innovation in agro industry

To setup Idea to Prototype support, NIDHI-PRAYAS program has been launched. It is positioned as a pre-incubation initiative. Under NIDHI PRAYAS, 10 PRAYAS Centres have been setup at various TBIs along with support for establishing PRAYAS Shala and Proof of Concept Grant support for innovators/ entrepreneurs as Prayasee. To inspire the best talents to be entrepreneurs, minimise the risk involved in pursuing start-ups and to partially set off their opportunity costs of high paying jobs.

The Programme extends partial support on a selective basis, for organizing seminar / symposia/ training programmes / workshops / conferences at national as well as international level. The support is provided to Research Institutes/ Universities/Medical and Engineering Colleges and other Academic Institutes/ Professional Bodies who organize such events for the scientific community to keep them abreast of the latest developments in their specific areas. The support is generally given for encouraging participation of young scientists and research workers in such events and publication of proceedings / abstracts for wider dissemination. The Programme also supports S&T Professional bodies.

The Procurement and Marketing support Scheme would promote and educate MSMEs by organising trade fairs/awareness programs about GeM portal, Online services and other services. The scheme also encourage Micro and Small Entreprises to develop domestic markets and find new ways of  promotion of new market access initiatives. It will also cover activites required to facilitate market linkages for effective implementation of Public Procurement Policy for MSEs Order of 2012.

The NIDHI-EIR programme provides tremendous opportunities for innovative entrepreneurs to expand their networks and get critical feedback on their ventures in order to promote their entrepreneurial career goals and aspirations. The opportunities under NIDHI-EIR Programme includes guidance from experienced, innovative and highly successful entrepreneurs on the business concept, strategy or venture and insight into specific industries or markets, best practices for starting a business and broaden the professional network; and co-working spaces for developing the idea into a marketable product.

The Interest Subsidy Eligibility Certificate (ISEC) Scheme is an important mechanism of funding khadi programme undertaken by khadi institutions. It was introduced to mobilise funds from banking institutions for filling the gap between the actual fund requirements and availability of funds from budgetary sources.