Design Scheme Under MSME Innovative Scheme

Key facts

Benefit	Up to ₹40 lakh
Who	Registered micro, small or medium enterprises
Implemented by	Ministry of Micro, Small and Medium Enterprises
Official portal	https://innovative.msme.gov.in
Application window	Open all year for registered MSMEs

Benefits

Beneficiaries can receive up to ₹4,000,000 as financial assistance, covering a significant portion of project costs for design interventions and product development.

Who can apply

For: entrepreneur
registered micro small or medium enterprise
has valid uam or udyam registration

Eligible applicants include registered micro, small, or medium enterprises with a valid Udyog Aadhaar Memorandum (UAM) or Udyam Registration. The scheme is not available to unregistered businesses or those without the required certifications.

How to apply

Interested MSMEs can apply online through the designated portal.

Visit https://innovative.msme.gov.in/ and click on Design.
Select 'Join Design Scheme' on the next page.
Enter your Udyam Registration Number and Registered Mobile Number.
Click on Validate to proceed with the application.

Apply on the official website ↗

Documents required

Udyog Aadhaar Memorandum (UAM) or Udyam Registration (UR) certificate
UAM Registered mobile number

Frequently asked questions

What is the objective of the Design Scheme?

The scheme aims to connect the Indian manufacturing sector with design expertise, providing solutions for new product development and improvements.

What types of financial assistance are available?

The scheme offers financial support for Design Projects and Student Projects, with varying maximum contributions based on the project type.

Who can benefit from this scheme?

Only registered micro, small, or medium enterprises with valid UAM or Udyam Registration can apply for the benefits.

How is the financial assistance disbursed?

The total project cost is provided in three stages: 40% for strategy and concept, 30% for detailed design, and 30% upon successful completion.

What documents are required for application?

Applicants must provide a Udyog Aadhaar Memorandum (UAM) or Udyam Registration certificate and the registered mobile number associated with UAM.

Key terms explained

Aadhaar: A 12-digit unique identity number issued by UIDAI. Most schemes use it to confirm identity and link your bank account for payments.

Always confirm the latest details on the official portal before applying.