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01-01-1970 12:00 AM | Source: Accord Fintech
Government launches ZED Certification Scheme to facilitate MSMEs to adopt Zero Defect Zero Effect practices
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Union Minister for micro, small, and medium enterprises (MSMEs) Narayan Rane has launched the revamped Sustainable (ZED) Certification Scheme to facilitate MSMEs to adopt Zero Defect Zero Effect practices and become energy efficient while improving quality through increased compliance with manufacturing processes.  

MSMEs certified under the scheme would be eligible for concession in banks' processing fees and rate of interest along with preference in lending. The revamped scheme has also trimmed the parameters required to be met for the certification to 20 from 50 in the erstwhile scheme.

MSMEs can reduce wastages substantially, increase productivity, enhance environmental consciousness, save energy, optimally use natural resources, expand their markets, etc. through the ZED certification scheme, a part of the MSME Champions scheme. The ZED certification scheme will be beneficial towards improving quality, increasing manufacturing output and profits and controlling the detrimental impact on the environment.