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MSME Competitive (LEAN) scheme
March 16 , 2023
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- Ministry of MSMEs launched the revamped MSME Competitive (LEAN) Scheme.
- It aims to provide a roadmap to global competitiveness for the MSMEs of India.
- The first phase will cover the manufacturing sector while the services sector will be covered in the second phase.
- Under the revamped scheme, the Centre's contribution will be 90 per cent of the implementation cost for handholding and consultancy fees as against 80 per cent previously.
- Earlier, the implementation period for the scheme was set at 18 months.
- Additional contribution of 5 per cent with 90% for the MSMEs which are part of SFURTI clusters, owned by Women/SC/ST and located in North East Region.
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