- Financial Express
Nearly 25,000 MSMEs registered for PM Modi’s Zero Defect, Zero Effect scheme: MSME Min Narayan Rane
Ease of Doing Business for MSMEs: According to the MSME Ministry, ZED-certified MSMEs will act as credible and reliable vendors for companies investing in India, gain recognition from the government through an award-and-reward system, have leverage over non-ZED rated units, and more.
Ease of Doing Business for MSMEs: The MSME certification scheme Zero Defect, Zero Effect (ZED), launched by Prime Minister Narendra Modi in October 2016 to encourage the manufacturing of goods by MSMEs without any defects and without any effects on the environment had neared 25,000 MSME registrations.
According to the data shared by MSME Minister Narayan Rane in Rajya Sabha during the current winter session, 23,948 MSMEs had registered in the erstwhile scheme with the intent to adopt the principle of the Zero Defect Zero Effect scheme.
The scheme was upscaled in FY19 to benefit more MSMEs.