#msme zed certification

[yourlegalconsultant]

In an increasingly competitive global market, manufacturers seek innovative ways to differentiate themselves and gain access to international markets. ZED (Zero Defect Zero Effect) certification emerges as a powerful tool to achieve this goal. By ensuring adherence to quality and sustainability standards, ZED certification benefits manufacturers and reinforces India’s position as a global manufacturing hub. Small and medium enterprises (SMEs) can also use the MSME ZED Certification scheme to scale their operations and improve competitiveness.

[yuvrajrathod4c]

Why is ZED Certification Important?

1. Enhanced Competitiveness:

In today's global market, staying competitive is non-negotiable. ZED Certification equips organizations with the tools and strategies to consistently deliver high-quality products and services, making them stand out among their competitors.

2. Cost Reduction:

By eliminating defects and optimizing processes, ZED Certification can significantly reduce operational costs. This translates to improved profitability and better resource allocation.

3. Improved Customer Satisfaction:

Delivering defect-free products and services leads to higher customer satisfaction, which, in turn, can result in increased loyalty and positive word-of-mouth referrals.

4. Environmental Responsibility:

ZED Certification places a strong emphasis on reducing the environmental impact of operations. This is not only vital for corporate social responsibility but also aligns with the growing demand for sustainable practices.

[ebizfilingindia-blog]

Government Schemes Offering MSME Benefits in 2025

Micro, Small, and Medium Enterprises (MSMEs) are the spine of India's financial system, contributing extensively to employment, business output, and exports. 

This article will let you know the Government Schemes benefits being offered for MSMEs in 2025.

Key Government Schemes for MSME Benefits in 2025 1. Pradhan Mantri Mudra Yojana (PMMY)

Provides collateral-loose loans up to ₹10 lakh to MSMEs. Classified into Shishu, Kishor, and Tarun categories based totally on investment needs. Helps small groups extend operations and enhance coin flow.

2. Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) Offers collateral-free credit score as much as ₹2 crore for MSMEs. Helps agencies steady loans with out the need for assets as safety. Encourages monetary institutions to lend to MSMEs with government-backed guarantees.

3. MSME Sustainable (ZED) Certification Scheme Promotes Zero Defect, Zero Effect (ZED) manufacturing. Helps MSMEs adopt strength-green, green, and high-quality-driven practices. Provides financial help for technology upgrades and certifications.

4. Udyam Assist Platform (UAP) for MSMEs Simplifies MSME registration and presents legit recognition. Enables organizations to get admission to numerous MSME Benefits, including precedence lending and tax exemptions.

5. Stand-Up India Scheme Aims at empowering ladies and SC/ST entrepreneurs. Provides loans between ₹10 lakh to ₹1 crore for setting up new companies. Encourages participation of underrepresented corporations in enterprise and industry.

6. Aatmanirbhar Bharat Rojgar Yojana (ABRY) Supports employment generation in MSMEs. Government contributes 12% of EPF (Employees’ Provident Fund) for new hires. Encourages MSMEs to amplify team of workers with out additional monetary pressure.

7. Production-Linked Incentive (PLI) Scheme for MSMEs Provides direct financial incentives for MSMEs in manufacturing sectors. Encourages manufacturing boom, innovation, and exports. Boosts home production and international competitiveness.

8. Market Access Initiatives (MAI) Scheme Helps MSMEs explore global markets. Provides monetary useful resource for participation in change galas, exhibitions, and advertising and marketing sports. Encourages MSME exports and overseas collaborations.

Conclusion The Indian government maintains to introduce and refine schemes to offer MSME Benefits and help small organizations in 2025. These schemes help MSMEs get admission to finance, develop abilities, enhance manufacturing strategies, and extend market reach.

[gempac]

𝐂𝐞𝐥𝐞𝐛𝐫𝐚𝐭𝐢𝐧𝐠 𝐄𝐱𝐜𝐞𝐥𝐥𝐞𝐧𝐜𝐞!🎉

We are thrilled to announce that SAM Packaging Innovation Pvt. Limited has been awarded the ZED Bronze Certification under the prestigious MSME Sustainable (ZED) Certification Scheme.

This recognition stands as a testament to our commitment to sustainability, innovation, and excellence in packaging solutions. 🌟

Thank you to our incredible team and valued clients for their unwavering support in achieving this milestone. Together, we aim for even greater heights! 🚀

For the finest quality food packing machines, contact us. 🌐 www.gempac.in 📧 info@gempac.in 📲 +91 6238340124 📲 +91 6238341146 📲 +91 9847559184

[udyamregister]

Benefits of Getting Registered Under Udyam Registration Certificate for MSMEs in India

Micro, Small, and Medium Enterprises (MSMEs) play a pivotal role in the Indian economy, contributing significantly to employment generation, export promotion, and economic growth. Recognizing their importance, the Government of India introduced the  udyam certificate download pdf system to streamline the registration process for MSMEs and provide them with various benefits. Udyam Registration, governed by the Ministry of Micro, Small, and Medium Enterprises, is a digital initiative designed to ease regulatory compliance and foster business growth.

What is Udyam Registration?

Udyam Registration is an online system introduced by the Government of India for MSMEs to register their businesses under a single-window platform. It replaced the earlier system of Udyog Aadhaar and aims to simplify registration by reducing paperwork and enabling MSMEs to avail themselves of numerous government schemes and incentives.

The classification of MSMEs under Udyam Registration is based on investment in plant and machinery or equipment and annual turnover:

Micro Enterprise: Investment up to Rs. 1 crore and turnover up to Rs. 5 crore.

Small Enterprise: Investment up to Rs. 10 crore and turnover up to Rs. 50 crore.

Medium Enterprise: Investment up to Rs. 50 crore and turnover up to Rs. 250 crore.

Key Benefits of Udyam Registration for MSMEs

1. Easy Access to Credit and Subsidized Loans

One of the most significant benefits of Udyam Registration is the ease of obtaining financial assistance from banks and financial institutions. MSMEs registered under Udyam can avail themselves of collateral-free loans under the Credit Guarantee Fund Scheme. Additionally, they can benefit from lower interest rates, ensuring better cash flow and financial stability.

2. Protection Against Delayed Payments

MSMEs often face challenges with delayed payments from buyers, which can severely impact their cash flow. The Micro, Small, and Medium Enterprises Development (MSMED) Act offers legal protection to registered MSMEs, ensuring they receive payments within 45 days of delivering goods or services. In case of delays, buyers are liable to pay interest on the outstanding amount.

3. Eligibility for Government Tenders and Preference

Government procurement policies prioritize MSMEs registered under Udyam. They are eligible for exemptions in tender fees and Earnest Money Deposits (EMD). Furthermore, certain government contracts are exclusively reserved for MSMEs, offering them a competitive edge.

4. Concessions on Intellectual Property Rights (IPR)

MSMEs with Udyam Registration can avail of subsidies and reimbursement schemes for patent and trademark registration. This encourages innovation and protects intellectual property, which is crucial for business growth and competitiveness.

5. Access to Government Subsidies and Schemes

Registered MSMEs can access various government schemes and incentives such as:

Technology and Quality Upgradation Support (TEQUP)

Credit Linked Capital Subsidy Scheme (CLCSS)

Zero Defect Zero Effect (ZED) Certification These schemes are designed to enhance productivity, efficiency, and sustainability.

6. ISO Certification Reimbursement

The cost of obtaining ISO certification can be reimbursed by the government for registered MSMEs. This encourages businesses to adhere to international quality standards, enhancing their credibility and marketability.

7. Simplified Compliance and Documentation

The Udyam Registration process is fully online, paperless, and based on self-declaration. There is no need for renewal, and the certificate is valid for a lifetime. This reduces bureaucratic hurdles and allows businesses to focus on growth and operations.

8. Priority Sector Lending (PSL)

Banks are mandated to allocate a specific portion of their lending to the priority sector, including MSMEs. Udyam-registered businesses are prioritized for loans under PSL, ensuring easier and quicker access to funds.

9. Subsidy on Electricity Bills

Many state governments offer subsidies on electricity bills to Udyam-registered MSMEs. This reduces operational costs and improves overall profitability.

10. Digital and Transparent Process

The Udyam Registration process is fully digitized, transparent, and easy to navigate. MSMEs can register themselves online using their Aadhaar number, reducing dependency on intermediaries.

ALSO READ:- udyam certificate download

How to Register Under Udyam?

The registration process is simple and can be completed in a few steps:

Visit the official Udyam Registration portal.

Enter the Aadhaar number of the business owner.

Provide required business details, including PAN and GSTIN.

Submit the form and receive a unique Udyam Registration Number and certificate.

Impact of Udyam Registration on MSME Sector

The introduction of Udyam Registration has brought transparency, efficiency, and accessibility to the MSME sector. It has simplified regulatory processes, reduced compliance burdens, and opened doors to government support. As a result, MSMEs can focus on scaling their operations, innovating, and contributing to India's economic development.

Conclusion

Udyam Registration form is a game-changing initiative that empowers MSMEs by offering financial assistance, legal protection, and easier access to government schemes. By registering under Udyam, businesses can not only reduce operational hurdles but also gain a competitive advantage in the market. With the government's continued focus on boosting the MSME sector, Udyam Registration serves as a crucial step towards sustainable growth and long-term success for micro, small, and medium enterprises in India.

[msmeregin]

Udyam registration impact on MSMEs in India

MSMEs shape the backbone of the Indian economy and contribute significantly toward growth, employment, and innovation in almost all sectors. The Indian government is now trying to make the MSME sector more streamlined and formalized through Udyam Registration. This paper deals with the impact of Udyam Registration on MSME growth in India; the benefits, and process of MSME registration, along the importance of its registration in the present scenario of competition.

1. Impact on the Growth of MSME because Udyam Registration proved to be a game-changer in the MSME segment in the following terms and their impact on the growth:

Enhanced Credits and Ease Financial Facilitation.

MSMEs registered under the scheme can avail themselves of credit facilities supported by the government. The benefit has been there at reduced prices and is also largely devoid of any collateral requirements. In small-scale businesses, it is pretty much necessary because that enables them to use their money for investing in infrastructure, technological projects, and expansion work better.

• Easy Compliance and Tax Benefits

Udyam Registration streamlines the tax filing procedures for MSMEs besides providing them with exemptions of various direct taxes. So, in all, this becomes less punitive and much more on growth and not on paper works for entrepreneurs.

• Markets and Procurement Activities

Prized Government procurement is provided to registered MSMEs; this further enables them to get contracts besides extended market access and expansion.

Government Support.-This will boost business and have a healthy source of income for MSME, hence increasing competition as well as increasing employment

• Protection against delayed payments

Delayed payment is one of the significant problems that MSME is facing; it is mostly by larger organizations as this Udyam Registration offers protection in terms for MSME concerning the MSME Development Act presses extreme force in bringing about payments to the book before or even ahead of scheduled time that makes MSME a debt-free organization which is not faced with delay pressure

Benefits of Business Function Resiliency Gained from Udyam Registration

Udyam Registration offers MSME immediate resilience in terms of business functioning:

Government Incentives and Subsidies

Most of the government incentives that are offered to the registered MSMEs, like the power tariff subsidy, capital investment subsidy, and tax exemption, are not accessible for the unregistered ones.

• Tenders and Bids Offers

Udyam Registration empowers MSMEs to tender with much more relaxed terms of experience and turnover compared to traditional and formal government tenders.

• Technology and Infrastructure Development

The government also promotes both technological as well as infrastructural upgradation through the use of Udyam, which is a portal for both technological and infrastructural improvement. Quality standard promotion is also done with the use of the ZED scheme, i.e. Zero Defect, Zero Effect.

• Relaxation on Trademark and Patent Charges

Relaxation up to 50 percent in trademark or patent charge will also be given for the Registered MSMEs.

2. Procedure for Udyam Registration: The procedure has been simplified and is accessible.

The process for which Udyam Registration is focusing is very simple. It involves minimal documentation with smaller registration fees. A short walkthrough of its procedure shall be as follows:

Portal for Udyam Registration-Visit https://udyogregistration.in/. MUST produce an Aadhaar Number during registration.

Share business information with PAN, GSTIN if available, and all other relevant details

It is submitted online. Once approved, the government issues a Udyam Registration Number and certificate

The registration certificate of Udyam is lifetime. It can be used while the enterprise remains operational. The update of the type or the scale of the business will only require that this information has to be reflected with registration data correct

3. Challenges Faced by MSMEs Without Udyam Registration

If it doesn't get itself Udyam Registered, then a whole array of limitations would be on the growth; which may comprise of points as follows;

• Credit limitation

An MSME is not going to get itself registered under any formative financial institute, which shall grant loans and therefore relies upon informal, high-interest credits binding up further growth.

• Nonavailability of Government schemes

This service, facility, and benefit with which the government is pushing forward are accessible to each Udyam, and with this, they leave something in non-registration and remove it from some extremely facilitating.

• Non- Available Business Opportunities

The Entry point for the Government to get tenders, subsidization, and preference through procurement that restrain MSMEs from expanding in a new market is A registered Udyam.

Conclusion: Why Udyam Registration is the Need of Time for MSME Growth

Udyam Registration offers a window into the Indian economy as a survival opportunity for MSMEs. Access to credit and government tenders to ease tax compliance empowers MSMEs against limited resources and the financial constraints that MSMEs face. The very initiative allows proper recognition with support to enable them to contribute maximally toward economic development in India.

It is much more than an exercise in the administration of any MSME owner, an entrepreneur, or the founder of a start-up. Udyam registration would be part of strategic moves that unlock growth opportunities as well as enhance resilience. Taking up this initiative will be the first step to long-term sustainability, success, and impact on the economic future of India.

[chaitanya]

Government Schemes Linked with Udyog Aadhar

We're living in a landscape of Indian entrepreneurship where government schemes linked with Udyog Aadhar are more like pillars for MSMEs. Such schemes come with benefits to foster their growth. 

Whether it's technological upgrades or financial assistance, the schemes can pave the way for the MSME sector. If you're a registered enterprise, then get ready to turn your business aspirations into reality. 

What is Udyog Aadhar?

Udyog Aadhar, which is replaced by Udyam Registration, can be described as a unique identification number introduced by the Ministry of MSMEs. With this, the registration process for small businesses gets simplified to let them avail of government subsidies and benefits. However, the primary objective is to promote ease of doing business. Also, provide MSMEs with a robust support system. 

Government Schemes Linked with Udyog Aadhar

There are a range of government schemes linked with Udyog Aadhar that provide comprehensive support to MSMEs. Below, we've mentioned some of the key schemes: 

1) Micro and Small Enterprises Cluster Development Programme (MSE-CDP)

The aim of MSE-CDP is to enhance the competitiveness and productivity of enterprises with the aid of cluster development. If you're a Udyog Aadhar holder, then you can benefit from such schemes by being a part of cluster development activities. 

Key Features:

Support in terms of infrastructure development.

Financial assistance to set up common facility centres.

Boost in business networking and market access. 

2) Technology Upgradation Fund Scheme (TUFS)

When it comes to the textile sector, there is a need for technological upgradation and modernization, which is possible with TUFS. If you're in the textile industry, you can benefit from the scheme by improving your competitiveness and adopting advanced technologies. 

Key Features:

Interest reimbursement on technological upgrade loans.

Financial assistance to upgrade technology.

Support for the purchase of modern equipment and machinery. 

3) Scheme for Promoting Innovation, Rural Industry, and Entrepreneurship (ASPIRE)

For rural and agro-based industries, the scheme aims to promote entrepreneurship and innovation. As a Udyog Aadhar holder, you can leverage ASPIRE to access financial assistance to promote innovation and set up business incubators. 

 Key Features:

In rural areas, promotion of entrepreneurship. 

Financial support to set up incubation centres.

Support innovative ideas related to business. 

4) ZED Certification Scheme 

ZED, or Zero Defect The Zero Effect Certification Scheme aims to boost the efficiency and quality of MSMEs. With this, you can adopt zero-defect manufacturing practices. So, you have to obtain ZED certification to benefit and improve your market competitiveness. 

Key Features:

Improved efficiency and quality in terms of manufacturing processes. 

Financial support to obtain ZED certification.

Enhanced market reputation and access. 

5) Prime Minister’s Employment Generation Programme (PMEGP)

PMEGP can be described as a credit-linked subsidy scheme that aims to generate employment opportunities. It can be possible when there will be micro-enterprises in urban and rural areas. Thus, you can avail yourselves of subsidies to set up new projects. 

 Key Features:

Access to credit along with reduced interest rates.

Subsidy (15–35%) of the project cost.

Promotion of entrepreneurship and self-employment. 

6) Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGTMSE)

CGTMSE comes with a credit guarantee for financial institutions providing loans to MSMEs without any kind of collateral. So, you can leverage this scheme to secure your loans without needing to provide collateral security. 

Key Features:

Reduced risk for lenders to encourage them to lend more to MSMEs.

Collateral-free credit is approximately Rs. 2 crore. 

Boost credit flow in the MSME sector. 

7) National Manufacturing Competitiveness Programme (NMCP)

NMCP is chiefly designed to enhance the competitiveness of the manufacturing sector. If you're from the manufacturing industry, use your Udyog Aadhar to benefit from components of this program like lean manufacturing techniques and quality management standards. 

Key Features:

Support to adopt lean manufacturing practices.

Financial assistance to implement a quality management system. 

Enhanced competitiveness and productivity. 

8) Stand-Up India Scheme

The aim of the Stand-Up India Scheme is to promote entrepreneurship among SC/ST communities and women. If you're in one of these categories, then you can avail of loans for setting up greenfield enterprises.  

Key Features:

Promote entrepreneurship among SC/ST communities and women.

Loans range from Rs. 10 lakh to Rs. 1 crore.

Support to set up new enterprises.

Impact of Udyog Aadhar and Linked Schemes on MSMEs

The introduction of Udyog Aadhar and government schemes linked with it resulted in a positive impact on the MSME sector. We've mentioned some of the key impacts below: 

1) Enhanced competitiveness

There are various schemes linked with Udyog Aadhar, such as NMCP and TUFS, which aid MSMEs in adopting advanced technologies and improving their competitiveness. 

2) Improved Infrastructure and Facilities

MSE-CDP and similar schemes have supported the establishment of common facility centres and infrastructure development. As a result, MSMEs enjoy better resources and facilities. 

3) Increased Access to Finance

With Udyog Aadhar, it's possible to easily access finance and credit for MSMEs. Thus, they can secure the necessary funds for business growth and expansion. 

4) Promotion of Entrepreneurship

There are schemes such as PMEGP that promote self-employment and entrepreneurship, which leads to the establishment of jobs and new businesses. 

5) Support for Innovation

Schemes like ASPIRE are successful in promoting innovation and encouraging MSMEs to develop innovative and new services and products. 

Conclusion

Now, MSMEs have comprehensive support provided by the mentioned schemes. It's your time to thrive in the market by using government initiatives and contributing to the country's economic growth. 

[professionalutilities1]

What is the subsidy in "ZED certification"?

The subsidy in ZED certification

MSME units can receive subsidies for certification costs based on the following proportions:

Micro Enterprises: 80%

Small Enterprises: 60%

Medium Enterprises: 50%

Additionally, Micro, Small & Medium Enterprises have the flexibility to enhance their ZED Certification Level at any point before the expiration of their current certificate.

[eduprizminfotechpatna]

EDUPRIZM INFOTECH Pvt.Ltd.

URJENT REQUIREMENT

ZED CERTIFICATION OF MSME All Manufacturing Industries.

[icspl]

Sat-Gun-Sang Meet (123rd Virtual Webinar) Topic - MSME Sustainable ZED Certification Scheme Date - Saturday, 8th April, 2023 Time - 11:00am to 12:30pm (IST) 9:30am to 11:00am (GST) Speaker : Mr. Ananthanarayanan Iyer Registration Link - http://www.satgunsang.org/Reg.aspx Join Zoom Meeting https://us06web.zoom.us/j/82896904515... Meeting ID: 828 9690 4515 Passcode: 626022

[ebizfilingindia-blog]

Top MSME Benefits Every Entrepreneur Should Know in 2024

The Micro, Small, and Medium Enterprises (MSME) zone performs a pivotal role in riding economic increase, developing employment, and fostering innovation in India.

Here’s an overview of the MSME benefits:

1. Financial Assistance and Subsidies

MSMEs are eligible for numerous government subsidies, including credit score-linked capital subsidies for generation improvements and other financial assistance schemes. These assist in reducing operational charges and improving profitability.

2. Priority Sector Lending

Banks and economic institutions prioritize lending to MSMEs underneath the Reserve Bank of India's hints, making sure better get admission to credit score. Entrepreneurs can avail of collateral-loose loans through schemes like the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).

3. Tax Benefits Registered

MSMEs experience several tax advantages, inclusive of exemptions and deductions. For example, MSMEs can declare comfort underneath certain income tax provisions, inclusive of presumptive taxation schemes.

4. Market Access and Procurement

Policy Under the Public Procurement Policy, MSMEs acquire a reservation of 25% of annual procurement through significant government ministries and public sector organizations. Additionally, a 3% sub-reservation is provided for girls entrepreneurs.

5. Technology and Skill Development

MSMEs gain from authorities packages like the Lean Manufacturing Competitiveness Scheme and ZED (Zero Defect Zero Effect) certification, which beautify product excellent and operational performance.

6. Export Promotion Incentives

To raise international competitiveness, MSMEs experience reduced fees for submitting patents and logos, obligation exemptions, and other incentives underneath export-oriented schemes.

7. Ease of Doing Business

The Udyam Registration method simplifies the technique of registering an MSME and availing of benefits. Entrepreneurs also benefit from quicker decisions of disputes and less difficult compliance necessities.

8. Support During Economic

Uncertainty Special relief packages, which include those announced at some point of the COVID-19 pandemic, highlight the government’s dedication to helping MSMEs for the duration of financial crises.

Conclusion

In 2024, MSME advantages remain to empower entrepreneurs with financial aid, market get admission to, and technological help.

Leveraging these MSME benefits isn't always pretty much compliance but approximately driving innovation and sustainability in enterprise operations.

[technuter]

Bizongo launches ESG scorecard; aims to help 100000 MSMEs turn ESG compliant in the next 24 months

In a bid to enable 100,000 MSMEs turn ESG compliant in the next 24 months, Bizongo, a leading vendor digitization platform with embedded financing for brands and enterprises has launched Bizongo environmental, social, and governance (ESG) Scorecard. This will help bolster ESG consciousness among Indian MSMEs and larger enterprises. With this, Bizongo has also become the first B2B marketplace to offer ESG-related intelligence. Aniket Deb, Co-founder & COO, Bizongo, said “In its essence, ESG is a framework that helps businesses build customer loyalty, attract investors, make operations sustainable, and improve financial performance. In line with this, Bizongo’s ESG Scorecard will enable MSMEs on its platform assess their ESG performance and help them integrate it into their internal policies and practices.” The scorecard will allow MSMEs to monitor and track their compliance across various ESG components, including social parameters, such as minimum wage policy, Child labor and Forced labor, Harassment and Discrimination, and product quality and testing. It will also focus on environmental parameters, such as the Environment Management System (or ISO 14001, energy management process/policy, policies/processes for optimum, water consumption/ water conservation, circular economy/ recycle/reuse program, management of solid/liquid waste, and GHG emission. On the Governance front, the tool will assess compliance on grievance redressal/whistleblowing, code of conduct, anti-bribery, frauds/malpractice incident, and sub-contractors' due diligence. Leveraging Bizongo’s digital vendor management platform, the scorecard will help MSMEs on the platform validate their credibility in following mandatory compliances, especially when applying for Zero Defect Zero Effect (ZED) certification. It will also simplify availing ZED benefits, such as subsidy on cost of tech adoption, reimbursement on acquisition and installation of Plant & Machinery/ Testing equipment, and concessions in Pricing/processing charges by banks, among others. The MSME sector in India is characterized as resource intensive with 19.4 million MSMEs in the manufacturing industry consuming 25% of the total energy in the industrial sector and generating 110 million tonnes of CO2 equivalent. This consumption is expected to further increase as India continues to boost manufacturing activity. “India being the incumbent host of the G20 Presidency for 2023, the country would like to pioneer the cause of sustainable development goals during the current term and support climate change protection policies. This makes it even more imperative for the sector to invest in ESG. The Government of India has also been advising MSMEs to observe aggressive green practices and manufacture goods with ‘zero defects’ so that they have a ‘zero effect’ on the environment. In line with this Bizongo has taken a mandate to enable MSMEs to ensure that this transition happens, and this scorecard is a starting point that is available for every MSME to use and adopt,” Aniket added. Most MSMEs either do not track their ESG compliance or still rely on manual processes to collect internal ESG data on water consumption, workforce demographics, and code of conduct, amongst others. This leads to unorganized storage of data resources across databases in different formats, which delays decision-making and ineffective tracking of ESG preparedness. “The size of the enterprise, a profit-first mindset, informal nature of operations, and challenges in assessing and selecting sub-vendors/suppliers based on ESG performance are some of the overarching internal challenges preventing ESG adoption. Some of the external factors obstructing the adoption include lack of motivations through more regulatory compliances and absence of push from larger enterprises and customers,” he said As ESG becomes the core conversation in corporate boardrooms and for the allocation of capital, it is compelling brands and enterprises to improve their sustainability performance. Also, the growing demand for a sustainable supply chain is putting pressure on SME vendors to increase resource productivity, reduce emissions, and improve their ESG score. “Bizongo’s scorecard will help MSMEs meet the demands of global-level customers by driving more environmentally friendly and inclusive business operations and manufacturing products with the ethos of ESG. Simultaneously, it will also help large enterprises to monitor their ESG profile and expedite decision-making by assessing the compliance levels of suppliers, vendors, and other supply chain partners.” Aniket said. Further, the Securities and Exchange Board of India’s (SEBI) mandate for the top 1,000 listed entities by market capitalization to file business responsibility and sustainability reporting (BRSR) and disclosures from FY 2023 has triggered large corporations to think about ESG as a value preservation measure. Following the implementation of Bizongo’s scorecard, international and domestic enterprises with a large portfolio of third parties will be able to combat new risk levels and improve their sustainability performance as they onboard partners from Bizongo’s large base of ESG-compliant manufacturers and vendors. Bizongo's ESG scorecard comes on the heels of a preliminary study conducted by the vendor digitization platform to understand the current scale of adoption of ESG-compliant practices by MSMEs and their intent to implement them. Bizongo has been helping MSMEs scale their business by digitizing supply and procurement and offering tailored solutions that will enable the sector to achieve the Government of India’s vision of an Aatmanirbhar Bharat. Read the full article

[tjnews]

National MSMEs Day 2022: The voice of MSMEs and Their problems due to Inter-State relations of India

National MSMEs Day 2022: The voice of MSMEs and Their problems due to Inter-State relations of India

#సూక్ష్మ, #చిన్న, #మధ్యతరగతి #పరిశ్రమలు ఎదుర్కొంటున్న #సవాళ్ళు , #కేంద్ర, #రాష్ట్ర #ప్రభుత్వాలమైత్రీలేమిదుష్పరిణామాలు, చివరికి నష్టపోయేది #సామాన్య #ప్రజలే అంటే నమ్ముతారా?#MSMEsDay,