Page 10 - IMDR - Journal of Management Development and Research - March2019-20

Government schemes to promote MSMEs: -

 Udyog Aadhaar Memorandum scheme: -
Udyog Aadhaar is a twelve-digit distinctive positive identification provided by

the Ministry of SME’s, in India. It's additionally referred to as Aadhaar for

Business. As of Gregorian calendar month 2018. Over 48 large MSMEs in
Asian country area unit registered underneath Udyog Aadhaar.

Udyog Aadhaar theme was launched in Sept 2015 by Ministry of SME’s under
SME’s Development Act, 2006 (MSMED Act, 2006) with the aim to market

for SME’s. The registration of Udyog Aadhaar is free.

 Incubation

Incubation scheme provides opportunity to the innovators in developing and
nurturing their new innovative ideas for the production of new innovative

products which can be sent in to the market for commercialization. Host

Institutions (HI) are exploring the new innovative ideas from the Incubate of
various sectors that may be existing and prospective entrepreneurs. Even the

students from the various streams are also participating in nurturing their new
ideas through the Host Institutions as a part of their studies and carrier

building.
GoI financial assistance of 75 % to 85 % of the project cost up to the

maximum of 8.00 Lakh. This fund is routed through the Business Incubator

(BIs).
IITs, NITs, Engineering Colleges approved by AICTE, Central / State

Universities recognized by UGC and other recognized R & D and / or
Technical Institutes / Centres, Development Institutes of DIP&P in the field of

Paper, Rubber, Machines Tools, etc.

 Women Entrepreneurship

Ministry of Micro, Small & Medium Enterprises, popularly known as the
engine of growth in the country and incubators of entrepreneurship has

emerged as the torchbearers of women empowerment on a global platform.

Last year, on the eve of International Women’s day 2018, Ministry of MSME
launched Udyam Sakhi, a network for nurturing social entrepreneurship

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