MSME Innovative Scheme: Design Component — Eligibility Criteria

To be eligible for the MSME Innovative Scheme: Design Component, applicants must meet several key criteria: The applicant must be a Registered MSME holding a valid Udyam Registration Certificate. The MSME must primarily operate within the manufacturing sector. The enterprise must have been incorporated for a minimum of 3 years. The MSME must demonstrate profitability in at least one of its last three financial years, indicating financial stability. The proposed project must feature a clear design component, focusing on either new product development or the enhancement of an existing product, directly aligning with the scheme's objective of fostering design-led innovation.

MSME Innovative Scheme: Design Component is open to startups at the revenue stage working in manufacturing industrial. It is open to startups registered anywhere in India. Applicants should be registered as private limited, llp and partnership.