MSME Innovative Scheme: Design Component — Eligibility Criteria

The applicant must be a manufacturing MSME holding a valid Udyam Registration Certificate. The business must have been incorporated for at least three years and should have shown profit in at least one of the last three financial years. Eligible entity types include private limited companies, LLPs, partnerships, and proprietorships. The proposed project must clearly include a design component aimed either at creating a new product or improving an existing one. Although the scheme focuses on manufacturing, it covers a broad array of sectors such as Agriculture, Healthcare Devices, Power & IT, and general manufacturing, along with service and miscellaneous categories.

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.