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IIT Kanpur, SIIC Hosts Program on MSME- Schemes Available for MSME

SIIC at IIT Kanpur hosts transformative MSME initiative. Decode strategies for Micro, Small & Medium Enterprises, shaping the future of sustainable business practices

IIT Kanpur, SIIC, Transformative Initiative, MSME Strategies, Sustainable Business Practices

IIT Kanpur, SIIC Hosts Program on MSME- Schemes Available for MSME

IIT Kanpur: The World Association for Small and Medium Enterprises (WASME) and the Startup Incubation and Innovation Centre (SIIC) at IIT Kanpur, with support from the Ministry of MSME, organized An Educational and One Day Awareness Program on Design Component of MSME Innovative Scheme at WASME. The application's intention turned into to empower MSMEs by using giving them recommendation on how to take advantage of the scheme's ability.

The MSME Design Scheme is supposed to assist MSMEs in all facets of design and assist them in carrying out their goals connected to layout. It affords economic aid as much as Rs. 2.5 lakh for college students engaged in layout improvement and among Rs. 15 and 40 lakh for MSMEs. Dr. Riddhi Mahansaria, Manager of SIIC IIT Kanpur, oversees the initiative.

Prominent dignitaries consisting of Mr. Rony Banerjee, marketing consultant at EY, and Dr. Sanjeev Layek, authorities secretary of WASME, graced the occasion, offering a discussion board for thoughtful conversations on the subtleties of the MSME scene in India. Dr. Sanjeev Layek emphasized the significance of MSMEs to the Indian monetary device and entreated individuals to efficiently provide solutions and growth their influence via making use of this system. The significance of Design Thinking inside the method of developing new merchandise modified into addressed thru Mr. Rony Banerjee.

Highest package of IIT Kanpur

Information (2023)
the very best package deal (PPO)
INR four crore in step with annum
the best home package
INR 1.90 crore in keeping with annum
Students widely wide-spread task gives
No. of gives made
1,two hundred

Every incubate employer incubated at SIIC might also additionally select one Industry mentor inside six months from the date of becoming a member of incubation centre. In case the incubate opts for an organisation mentor the incubate corporation has to provide minimum 1% of equity to the mentor as a attention of mentorship.

 What is MSME?

MSMEs may be capable of access steering on all design-associated subjects thanks to the Design Scheme. It aids MSMEs in knowing and reaching their goals in relation to layout. Experienced designers will offer this expert recommend for growing new products and enhancing the portfolio of already-present ones.

Which MSME innovation scheme is this?

In order to raise focus among MSMEs about India's innovation and encourage them to turn out to be MSME Champions, MSME Innovative is a new concept for MSMEs that combines innovation in incubation, layout intervention, & by means of shielding IPR in a single mode technique.

Who qualifies for the MSME application?

Who is certified to check in as an MSME? Applications for MSME registration are open to any enterprise that meets the MSME category criteria for Micro, Small, and Medium-Sized Enterprises. An character cannot observe for MSME registration.

To positioned it absolutely, what's an MSME?

Micro, Small, and Medium Enterprises is an acronym for those styles of companies. MSMEs fall under classes as in keeping with the Micro, Small, and Medium Enterprises Development (MSMED) Act of 2006: Any enterprise that produces or manufactures items is considered a manufacturing corporation.


  • A credit-connected capital subsidy scheme designed to upgrade era.
  • Reimbursement scheme and ISO 9000 certification
  • Participation in International Fairs.
  • Price Preference Policy and Purchase
  • Prime Minister's Rozgar Yojana- PMRY
  • Credit Guarantee Scheme.