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ZED SCHEME FOR MSMES

BANKING FINANCE

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May 2021

This scheme is an extensive drive to create proper awareness in MSMEs about the Zero Defect Zero Effect (ZED) manufacturing and motivate the entrepreneur for assessment of their enterprises for ZED and support them.

- Jasobanta Kar

ZED SCHEME FOR MSMES

As part of this scheme, All MSMEs in India need to manufacture goods with zero defects and to ensure that the goods have zero effects on the environment. At present this ZED Certification Scheme covers all the existing MSME sectors belonging to manufacturing activity. It is not a mandatory but a voluntary scheme.

Zero defect

  • Zero non-conformance or non-compliance.

Zero effect

  • Zero wastage of natural resources

The objective for this certification is:

  • Promote adaptation of quality tools/systems and energy efficient manufacturing.
  • Enable MSMEs for manufacturing quality products.
  • Encourage MSMEs to constantly upgrade their quality standards in products and processes.
  • Drive manufacturing with adoption of zero defect production processes and without impacting the environment.
  • Support 'Make in India' campaign.
  • There are 50 parameters on which the MSMEs will be assessed and rated.
  • The MSME applicant is required to comply with identified 20 essential parameters & at least 10 other parameters (as per the MSMEs domain competency, i.e. sector of operation and type of industry). Hence, the MSMEs will be rated on a minimum of 30 parameters.

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