IIT Kanpur, SIIC Hosts Program on MSME Qulification

Explore MSME dynamics at IIT Kanpur's SIIC-hosted program. Dive into strategies for Micro, Small & Medium Enterprises' success in an evolving landscape

IIT Kanpur, SIIC, MSME Dynamics, Strategies, Success, Evolving

IIT Kanpur, SIIC Hosts Program on MSME Qulification

  • by Anil Kumar
  • 12 Feb, 2024

IIT Kanpur: The World Association for Small and Medium Enterprises (WASME) and the Startup Incubation and Innovation Centre (SIIC) at IIT Kanpur, with aid from the Ministry of MSME, prepared An Educational and One Day Awareness Program on Design Component of MSME Innovative Scheme at WASME. The program's purpose was to empower MSMEs by giving them advice on the way to take benefit of the scheme's capability.

The MSME Design Scheme is meant to help MSMEs in all sides of layout and assist them in carrying out their goals linked to layout. It affords financial help up to Rs. 2.5 lakh for students engaged in layout improvement and among Rs. 15 and forty lakh for MSMEs. Dr. Riddhi Mahansaria, Manager of SIIC IIT Kanpur, oversees the initiative.

Prominent dignitaries including Mr. Rony Banerjee, marketing consultant at EY, and Dr. Sanjeev Layek, authorities secretary of WASME, graced the occasion, supplying a forum for thoughtful conversations at the subtleties of the MSME scene in India. Dr. Sanjeev Layek emphasised the significance of MSMEs to the Indian economic gadget and advised contributors to efficaciously provide solutions and increase their have an effect on by way of using this device. The importance of Design Thinking in the method of developing new products modified into addressed through Mr. Rony Banerjee.

Highest package deal of IIT Kanpur

Information (2023)
the very best bundle (PPO)
INR 4 crore in step with annum
the best domestic bundle
INR 1.ninety crore per annum
Students customary task gives
No. of offers made

Every incubate corporation incubated at SIIC might also moreover pick 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 enterprise has to offer minimum 1% of fairness to the mentor as a consideration of mentorship.

 What is MSME?

MSMEs can be capable of get entry to steerage on all layout-related subjects way to the Design Scheme. It aids MSMEs in knowing and accomplishing their goals with regards to layout. Experienced designers will offer this professional recommend for developing new products and enhancing the portfolio of already-existing ones.

Which MSME innovation scheme is that this?

In order to elevate recognition 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 mixes innovation in incubation, layout intervention, & by way of defensive IPR in a single mode approach.

Who qualifies for the MSME software?

Who is qualified to sign up as an MSME? Applications for MSME registration are open to any corporation that meets the MSME classification criteria for Micro, Small, and Medium-Sized Enterprises. An man or woman can not follow for MSME registration.

To placed it in reality, what's an MSME?

Micro, Small, and Medium Enterprises is an acronym for these styles of organizations. MSMEs fall underneath two classes as in line with the Micro, Small, and Medium Enterprises Development (MSMED) Act of 2006: Any enterprise that produces or manufactures goods is taken into consideration a manufacturing corporation.


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

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