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Read MoreNon-Financial Benefits
Financial Benefits
Subsidy on Certification
The Quality Council of India (QCI) offers subsidies covering all three levels of certification costs. This provides a remarkable opportunity for Micro, Small, and Medium Enterprises (MSMEs) to register and benefit from significantly reduced certification expenses.
Financial Support for Testing/Systems/Product Certification
ZED certified companies can avail themselves of financial assistance for testing systems and product certification. The certification scheme reimburses up to 75% of the cost of testing or certification fees, with a maximum ceiling subsidy of INR 50,000.
Subsidy on handholding:
If an MSME is bronze certified and wants to go to the next level – silver or gold, QCI-approved consulting organizations provide hand-holding support with trained and certified consultants. They will work with the MSME for four months and support them to achieve the next level. Up to INR 2,00,000 subsidy is provided to avail this handholding support.
Subsidy for technology upgrade in Zero Effect Solutions
While upgrading from bronze to silver or gold, if technology upgrades are suggested and implemented, such as upgraded machinery, the cost, up to INR 3,00,000, can be reimbursed.
Concession from Ministry of Railways
ZED Certified companies on selected routes are given concession and subsidies on freight charges and Parcel charges by the ministry of railways.
Concession from Banks
Thirteen Banks recognize the ZED Scheme and give subsides, concessions, or waivers on loan processing fees and interest rate reduction.
Credit Bureaus
Credit Bureaus are now considering ZED Certification as a positive factor in their credit rating criteria. MSMEs with ZED certification earn additional points, which can help improve their overall credit score. A better credit rating enhances the chances of securing loans, credit limits, and other financial support from banks and lending institutions.
Environmental Compliance
MSME Environmental Compliance refers to the adherence of micro, small, and medium enterprises to environmental laws, standards, and best practices aimed at minimizing pollution, conserving resources, and promoting sustainable operations. Under the ZED (Zero Defect Zero Effect) framework, MSMEs are encouraged to adopt eco-friendly processes, reduce emissions, manage waste responsibly, and optimize energy and water usage.
International Benefits
ZED MSME international benefits support Indian MSMEs in accessing global markets by providing financial assistance for participating in international trade fairs, exhibitions, and buyer-seller meets. Through schemes like the International Cooperation (IC) Scheme, enterprises can get reimbursements for travel, stall rent, and marketing costs. ZED certification also boosts global credibility, helping MSMEs attract buyers, explore exports, and form international partnerships.