Chandigarh Set to Boost MSME Sector with 12-Point Development Programme

Chandigarh’s Micro, Small, and Medium Enterprises (MSME) sector is set to receive a major boost as the Union Territory’s (UT) industrial department begins implementing a comprehensive 12-point development programme. This initiative includes the establishment of a facilitation helpdesk, certifications for local units, positioning the city as a hub for packaging and innovation, and offering handholding support to local businesses in areas like entrepreneurship development and export promotion. Additionally, a dedicated e-portal for MSME units will be launched to enhance business operations.

Chandigarh is the only Union Territory to have its Systematic Investment Plan (SIP) approved by the central government under the Raising and Accelerating MSME Performance (RAMP) scheme. The Centre has allocated Rs 43 crore to the UT for promoting MSME growth under this plan.

Key features of the programme include a facilitation helpdesk that will offer resources and expertise to local MSMEs, focusing on marketing strategies, financing, and enrollment under various central government MSME schemes. The UT administration will also provide financial assistance to help MSMEs secure certifications under the MSME Sustainable (ZED) Certification Scheme and MSME Competitive (Lean) Scheme. These certifications aim to improve quality and productivity standards for MSMEs, with the ZED certification available at three levels—bronze, silver, and gold. While bronze certification is free, the UT will cover the costs of the other certifications for businesses in Chandigarh. 

This initiative is expected to play a crucial role in driving innovation and enhancing the competitiveness of MSMEs in Chandigarh.

Disclaimer: The information provided in this article is for general informational purposes only. It may not reflect the most up-to-date developments or regulations. Please consult with relevant authorities or professionals before making any business decisions.