Month: February 2020

DUTCH TAX BLACKLIST UPDATED

By Author adminPosted on Tags , Leave a comment on DUTCH TAX BLACKLIST UPDATED

DUTCH BLACKLIST UPDATED

As of 1 January 2019 , The Netherlands has a list of countries with a “too low tax rate” (“the blacklist”). Apart from this Dutch list there is the EU-blacklist. The Dutch and the EU blacklists are used with three anti-tax evasion measures.

The first measure is aimed at avoiding companies assign movable assets to a country on this blacklist. This is the so called CFC-measure which applies as of January 2019. Furthermore, the blacklist will be used for the source tax on interest and royalties, applicable as of 1 January 2021. Royalty and interest payments to countries on the blacklist will be subject to a withholding tax of 21,7%. This is to avoid that The Netherlands is being used for transfer activities to countries that levy little or no tax. The threshold is 9%. Moreover, the Dutch Tax Authorities will not enter into Tax rulings concerning transactions with companies that are established in the countries which are on the blacklist. The blacklist is updated annually.

This year Barbados and Turkmenistan were added to the blacklist. It concerns countries without a corporate tax or with a corporate tax rate of less than 9%. Belize, Kuwait, Qatar and Saudi-Arabia have been deleted from the blacklist which has just been published. The blacklisted countries on the list are now:

01. Anguilla,

02. Bahama’s,

03. Bahrein,

04. Barbados,

05. Bermuda,

06. British Virgin Islands,

07. Guernsey,

08. Isle of Man,

09. Jersey,

10. Cayman Islands,

11. Turkmenistan,

12. Turks- and Caicos Islands,

13. Vanuatu and

14. The United Arab Emirates.

Barbados is added to the list because the corporate (profit) tax rate has been lowered to under 9% as of January 1, 2019. Turkmenistan is added because further analysis shows that the generally applicable profit tax rate is not 20% but 8%. For Saudi Arabia, Kuwait, Qatar and Belize, on the other hand, further analysis shows that local taxes correspond to a profit tax with a rate of at least 9%.

The tax avoidance measures will also apply to countries that are on the EU list (see https://www.consilium.europa.eu/en/policies/eu-list-of-non-cooperative-jurisdictions/ ) and are not already on the Dutch blacklist.

The countries on the EU blacklist (as of 14 November 2019) are 

01. American Samoa,

02. Samoa,

03. US Virgin Islands,

04. Fiji,

05. Guam,

06. Oman,

07. Trinidad and Tobago,

08. Vanuatu.

The measures will therefore apply to 21 countries in total.

For more details about the Author – Our Netharlands Network office i.e. Arcanum Management & Company Services B.V. i.e. https://www.arcanum.amsterdam/management-and-company-services

For further details on this article , please get in touch with us on email at Info@risikollp.com, enquiry@risikollp.com or call India Helpdesk Tel. +91-22-28816486 or fill up the enquiry page on our website so we can get in touch with you.

MOVING TO HOLLAND IN THE FRAMEWORK OF BREXIT? …….YES!

By Author adminPosted on Tags , , Leave a comment on MOVING TO HOLLAND IN THE FRAMEWORK OF BREXIT? …….YES!

More and more companies are established in The Netherlands as a result of Brexit.

Our Netharlands Network office i.e. Arcanum Management & Company Services B.V. is glad to lend a helping hand!

Now, there are in total 140 “brexit companies” says the Netherlands Foreign Investment Agency (“NFIA”). According to the NFIA (source: https://investinholland.com/news/uncertainty-of-brexit-remains-more-companies-choose-the-netherlands/ ):

“Media companies Discovery and Ridley Scott, credit rating agency AMBest and Life Sciences & Health manufacturer Shionogi were amongst the companies choosing the Netherlands because of Brexit. Together, these 140 companies expect to create more than 4,200 direct jobs and 375 million euros in investments in the first three years.”

“The 78 companies that opted for the Netherlands last year because of Brexit are an important part of the 2019 annual results of Invest in Holland. In total of 397 international companies chose to move to or expand in the Netherlands last year. These companies expect to create more than 14,000 direct jobs and invest 4.3 billion euros in the first three years.”

Why choose Holland?

According to the NFIA:

“Ranked No. 4 in the world by Forbes’ “Best Countries for Business”, Holland is truly a world-class business destination. Holland’s strategic location at Europe’s front door provides the perfect springboard into the European market—with access to 95% of Europe’s most lucrative consumer markets within 24 hours of Amsterdam or Rotterdam. Add to that Holland’s supportive corporate tax structure, highly educated, multilingual workforce, and superior logistics and technology infrastructure and it’s no wonder so many multinational businesses—from small and mid-sized to Fortune 500 leaders—have chosen the Netherlands as their gateway to Europe.”

What can Arcanum Management & Company Services do for you?

We are proud to be able to provide the following services at reasonable and predictable fees.

-Incorporation: we incorporate Dutch entities like BV, NV, Foundation, Co-op, Limited partnership.
-Domciliation: we provide a registered office address at Amsterdam.
-Management: we provide experienced directors and take care of the day to day correspondence, board and shareholder meetings, maintenance and custody of all corporate records.
-Administration: we take care of the bookkeeping and annual accounts, registration and filing with the Tax authorities and the Chamber of Commerce, and of the VAT & Corporate Income Tax returns. 

See also https://www.arcanum.amsterdam/management-and-company-services

Make Arcanum your service provider and friend! You will not regret it.

Alternatively, For further details on this, you can also get in touch with us on email at Info@risikollp.com, enquiry@risikollp.com or call India Helpdesk Tel. +91-22-28816486 or fill up the enquiry page on our website, so we can get in touch with you.

TDS Rate Chart For Financial year 2019-20 and Financial year 2020-21

By Author adminPosted on Tags , Leave a comment on TDS Rate Chart For Financial year 2019-20 and Financial year 2020-21

Finance Minister has presented Union Finance Budget on 01st February 2020. Vide the Budget FM has made various changes in TDS provisions and Introduces two New TDS Sections i.e. Section 194K and Section 194O which provides TDS on Mutual Fund Income and TDS on E-Commerce Transactions. There were also changes in few existing sections of TDS which includes amendment in Section 194J by which TDS on Technical Services been reduced to 2%. Post these changes some of our readers has asked us to come up with a TDS Chart applicable for Financial Year 2020-21. Hence, here we come up with TDS rate chart for Assessment Year 2020-21 (Financial Year 2019-20) and Assessment Year   2021-22 (Financial Year 2020-21).

TDS Rate Chart For Assessment year 2020-21 and Assessment year 2021-22:

ParticularsTDS Rates(in %)
(AY 2020-21)		TDS Rates(in %)
 (AY 2021-22)
1. In the case of a person other than a company
1.1 where the person is resident in India-
Section 192: Payment of salaryNormal Slab RateNormal Slab Rate
Section 192A: Payment of accumulated balance of provident fund which is taxable in the hands of an employee.

(Monetary Limit – Rs 50,000)		1010
Section 193: Interest on securities
a) any debentures or securities for money issued by or on behalf of any local authority or a corporation established by a Central, State or Provincial Act;1010
b) any debentures issued by a company where such debentures are listed on a recognised stock exchange in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and any rules made thereunder;1010
c) any security of the Central or State Government;
[i.e. 8% Savings (Taxable) Bonds, 2003 and 7.75% Saving (Taxable) Bonds, 2018]

(Monetary Limit – Rs 10,000)		1010
d) interest on any other security1010
Section 194A: Income by way of interest other than “Interest on securities”

(Monetary Limit – Rs 40,000)		1010
Section 194B: Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort 

(Monetary Limit – Rs 10,000)		3030
Section 194BB: Income by way of winnings from horse races 

(Monetary Limit – Rs 10,000)		3030
Section 194C: Payment to contractor/sub-contractor 

(Monetary Limit – Rs 30,000 per contract or Rs 1,00,000 for aggregate amount during the year)
a) HUF/Individuals11
b) Others22
Section 194D: Insurance commission

(Monetary Limit – Rs 15,000)		55
Section 194DA: Payment in respect of life insurance policy w.e.f. 1/9/2019, the tax shall be deducted on the amount of income comprised in insurance pay-out

(Monetary Limit – Rs 1,00,000)		55
Section 194EE: Payment in respect of deposit under National Savings scheme

(Monetary Limit – Rs 2,500)		1010
Section 194F: Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India2020
Section 194G: Commission, etc., on sale of lottery tickets

(Monetary Limit – Rs 15,000)		55
Section 194H: Commission or brokerage

(Monetary Limit – Rs 15,000)		55
Section 194-I: Rent

(Monetary Limit – Rs 2,40,000)
a) Plant & Machinery22
b) Land or building or furniture or fitting1010
Section 194-IA: Payment on transfer of certain immovable property other than agricultural land

(Monetary Limit – Consideration exceeding Rs 50,00,000)		11
Section 194-IB: Payment of rent by individual or HUF not liable to tax audit

(Monetary Limit – Rent for the month or part of the month exceeds Rs 50,000)

Note: This provision is applicable from June 1, 2017		55
Section 194-IC: Payment of monetary consideration under Joint Development Agreements1010
Section 194J: Payment for fees for Technical services, Professional services or royalty etc.

(Monetary Limit –Rs 30,000 p.a)
a)  Fee for technical services102
(w.e.f. 01/04/2020)
b)  Fee in other all cases as per Section 194J

Note: With effect from June 1, 2017 the rate of TDS would be 2% in case of payee engaged in business of operation of call center.		1010
Section 194K: Payment of any income in respect ofa) Units of a Mutual Fund as per Section 10(23D)b) Units from the administratorc) Units from specified company

(This Section is inserted by Finance Act, 2020 which is applicable from 01/04/2020)		N.A.10
Section 194LA: Payment of compensation on acquisition of certain immovable property

(Monetary Limit –Rs 2,50,000 p.a.)

Note: With effect from April 1, 2017, no deduction of tax shall be made on any payment which is exempt from levy of income-tax under Right to Fair Compensation Act, 2013.		1010
Section 194LBA(1): Business trust shall deduct tax while distributing, any interest received or receivable by it from a SPV or any income received from renting or leasing or letting out any real estate asset owned directly by it, to its unit holders.1010
Section 194LBB: Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)]1010
Section 194LBC: Income in respect of investment made in a securitisation trust (specified in Explanation of section115TCA)25% in case of Individual or HUF
30% in case of other resident person		25% in case of Individual or HUF
30% in case of other resident person
Section 194M: Payment of commission (not being insurance commission), brokerage, contractual fee, professional fee to a resident person by an Individual or a HUF who are not liable to deduct TDS under section 194C, 194H, or 194J.Tax shall be deducted under section 194M with effect from 1/09/2019 when aggregate of sum credited or paid during a financial year exceeds Rs. 50 lakh.55
Section 194N: Cash withdrawal in excess of Rs. 1 crore during the previous year from one or more account maintained by a person with a banking company, co-operative society engaged in business of banking or a post office(with effect from 01/09/2019)22
Section 194-O: Applicable for E-Commerce operator for sale of goods or provision of service facilitated by it through its digital or electronic facility or platform.

(This Section is inserted by Finance Act, 2020 which is applicable from 01/04/2020)		N.A.1
1.2 where the person is not resident in India*-
Section 192: Payment of SalaryNormal Slab RateNormal Slab Rate
Section 192A: Payment of accumulated balance of provident fund which is taxable in the hands of an employee.

(Monetary Limit – Rs 50,000)		10.410.40
Section 194B: Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort

(Monetary Limit – Rs 10,000)		31.2031.20
Section 194BB: Income by way of winnings from horse races

(Monetary Limit – Rs 10,000)		31.2031.20
Section 194E: Payment to non-resident sportsmen/sports association20.8020.80
Section 194EE: Payment in respect of deposits under National Savings Scheme.

(Monetary Limit – Rs 2,500)		10.410.4
Section 194F: Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India20.8020.80
Section 194G: Commission, etc., on sale of lottery tickets

(Monetary Limit – Rs 15,000)		5.205.20
Section 194LB: Payment of interest on infrastructure debt fund5.205.20
Section 194LBA(2): Business trust shall deduct tax while distributing any interest income received or receivable by it from a SPV to its unit holders.5.205.20
Section 194LBA(3): Business trust shall deduct tax while distributing any income received from renting or leasing or letting out any real estate asset owned directly by it to its unit holders.31.2031.20
Section 194LBB: Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)].31.2031.20
Section 194LBC: Income in respect of investment made in a securitisation trust (specified in Explanation of section115TCA)31.2031.20
Section 194LC: Payment of interest by an Indian Company or a business trust in respect of money borrowed in foreign currency under a loan agreement or by way of issue of long-term bonds (including long-term infrastructure bond)

Note: Now TDS at concessional rate of 5% will be applicable for borrowings made after April 1, 2020 but before July 1, 2023.		5.205.20
Section 194LD: Payment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor

Note: Now TDS at concessional rate of 5% will be applicable for borrowings made after April 1, 2020 but before July 1, 2023.		5.205.20
Section 195: Payment of any other sum to a Non-resident
a) Income in respect of investment made by a Non-resident Indian Citizen20.8020.80
b) Income by way of long-term capital gains referred to in Section 115E in case of a Non-resident Indian Citizen10.4010.40
c) Income by way of long-term capital gains referred to in sub-clause (iii) of clause (c) of sub-Section (1) of Section 11210.4010.40
d) Income by way of long-term capital gains as referred to in Section 112A10.4010.40
e) Income by way of short-term capital gains referred to in Section 111A15.6015.60
f) Any other income by way of long-term capital gains [not being long-term capital gains referred to in clauses 10(33), 10(36) and 112A20.8020.80
g) Income by way of interest payable by Government or an Indian concern on moneys borrowed or debt incurred by Government or the Indian concern in foreign currency (not being income by way of interest referred to in Section 194LB or Section 194LC)20.8020.80
h) Income by way of royalty payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to in the first proviso to sub-section (1A) of Section 115A of the Income-tax Act, to the Indian concern, or in respect of any computer software referred to in the second proviso to sub-section (1A) of Section 115A of the Income-tax Act, to a person resident in India10.4010.40
i) Income by way of royalty [not being royalty of the nature referred to point g) above E] payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy10.4010.40
j) Income by way of fees for technical services payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy10.4010.40
k) Any other income31.2031.20
Section 196B: Income from units (including long-term capital gain on transfer of such units) to an offshore fund10.4010.40
Section 196C: Income from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR)10.4010.40
Section 196D: Income of foreign Institutional Investors from securities (not being dividend or capital gain arising from such securities)20.8020.80
2. In the case of a company-
2.1 where the company is a domestic company-
Section 193: Interest on securities
a) any debentures or securities for money issued by or on behalf of any local authority or a corporation established by a Central, State or Provincial Act;1010
b) any debentures issued by a company where such debentures are listed on a recognised stock exchange in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and any rules made thereunder;1010
c) any security of the Central or State Government;[i.e. 8% Saving (Taxable) Bonds, 2003 and 7.75% Saving (Taxable) Bonds, 2018]

(Monetary Limit – Rs 10,000)		1010
d) interest on any other security1010
Section 194: Dividend10
(Monetary Limit – Rs 2,500)		10
(Monetary Limit – Rs 5,000)(w.e.f. 01/04/2020)
Section 194A: Income by way of interest other than “Interest on securities”

(Monetary Limit – Rs 40,000)		1010
Section 194B: Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort

(Monetary Limit – Rs 10,000)		3030
Section 194BB: Income by way of winnings from horse races

(Monetary Limit – Rs 10,000)		3030
Section 194C: Payment to contractor/sub-contractor

(Monetary Limit – Rs 30,000 per contract or Rs 1,00,000 for aggregate amount during the year)
a) HUF/Individuals11
b) Others22
Section 194D: Insurance commission

(Monetary Limit – Rs 15,000)		1010
Section 194DA: Payment in respect of life insurance policy w.e.f. 1/9/2019, the tax shall be deducted on the amount of income comprised in insurance pay-out

(Monetary Limit – Rs 1,00,000)		55
Section 194EE: Payment in respect of deposit under National Savings scheme

(Monetary Limit – Rs 2,500)		1010
Section 194F: Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India2020
Section 194G: Commission, etc., on sale of lottery tickets

(Monetary Limit – Rs 15,000)		55
Section 194H: Commission or brokerage

(Monetary Limit – Rs 15,000)		55
Section 194-I: Rent

(Monetary Limit – Rs 2,40,000)
a) Plant & Machinery22
b) Land or building or furniture or fitting10

Initiatives for Registration of MSME

By Author adminPosted on Tags , Leave a comment on Initiatives for Registration of MSME

1) MSME SAMADHAAN Portal

Description: MSME Delayed Payment Portal – MSME Samadhaan (https://samadhaan.msme.gov.in) has been launched empowering micro and small entrepreneurs across the country to directly register their cases relating to delayed payments by Central Ministries/Departments/CPSEs/ State Governments. Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 contains provisions to deal with cases of delayed payment to Micro and Small Enterprises (MSEs). As per the provisions, the buyer is liable to pay compound interest with monthly rests to the supplier on the amount at three times of the bank rate notified by Reserve Bank in case he does not make payment to the supplier for the supplies of goods or services within 45 days of the day of acceptance of the goods/service or the deemed day of acceptance.

Who are eligible: Any Micro or Small Enterprise.

2) Udyog Aadhaar Memorandum (UAM)

A one-page simple registration form for online filing of UAM has been introduced which replaces the filing of Entrepreneur’s Memorandum Part I&II. The filing of UAM can be done on https://udyogaadhaar.gov.in.

The salient features of Udyog Aadhaar are: Registration is online and user-friendly ,UAM can be filed on self-declaration basis , No documentation required , No Fee for filing , File more than one Udyog Aadhaar with same Aadhaar Number.

For further details on eligibility and how to apply , please get in touch with us on email at Info@risikollp.com, enquiry@risikollp.com or call India MSME Helpdesk Tel. +91-22-28816486 or fill up the enquiry page on our website so we can get in touch with you.

Procurement and Marketing Support to MSMEs

By Author adminPosted on Tags , Leave a comment on Procurement and Marketing Support to MSMEs

Procurement and Marketing Support (PMS) Scheme

Description: PMS Scheme has been revamped to enhance the marketability of products and services in the MSME sector. The objective is to promote new market access initiatives, create awareness and educate the MSMEs about various marketing relevant topics and development of marketability.

Nature of Assistance: Assistance available for following scheme components (A) Participation of Individual MSEs in domestic trade fairs/exhibition across the country (B) Organizing/ Participation in trade fairs/exhibitions (Regional/ National/International) by the Ministry/ Office of DC (MSME)/Government organizations (C) Capacity building of MSMEs in modern packaging technique (D) Development of Marketing Haats (E) International/National Workshops/ Seminars (F) Vendor Development Programmes: State Level Vendor Development Programmes (SLVDP) and National Level Vender Development Programme (NLVDP) (G) Awareness Programmes.

Who can apply: Individual Manufacturing/ Service MSE.

How to apply: Eligible MSEs may submit their application online at https://my.msme.gov.in or system in place.

Procurement from Micro and Small Enterprises (MSEs)

Description: The Public Procurement Policy for Micro and Small Enterprises (MSEs) has mandated that every Central Ministry/ Department/PSU shall set an annual goal of minimum 20 per cent of the total annual purchases from the products or services produced or rendered by MSEs. However, the government recently revised the order making it compulsory for all CPSEs to procure 25% from MSEs instead of 20% of their total purchases. Out of the total annual procurement from Micro and Small Enterprises, 3 per cent from within the target shall be earmarked for procurement from Micro and Small Enterprises owned by women. A sub-target of 4% out of annual procurement is earmarked for procurement from MSEs owned by SC/ ST Entrepreneurs. MSME Sambandh portal has been launched to monitor the progress of procurement from MSEs including MSEs owned by SC/ST and women.

Who are eligible: Any Micro or Small Enterprise.

For further details on eligibility and how to apply , please get in touch with us on email at Info@risikollp.com, enquiry@risikollp.com or call India MSME Helpdesk Tel. +91-22-28816486 or fill up the enquiry page on our website so we can get in touch with you.

Technology Upgradation and Competitiveness Scheme for MSMEs

By Author adminPosted on Tags , , Leave a comment on Technology Upgradation and Competitiveness Scheme for MSMEs

1) Digital MSME Scheme

1) Design Clinic Scheme

Description: The objective of Design Clinic Scheme is to enhance industry understanding and application to design and innovation, and to promote design as a value adding activity and integrate it into mainstream business and industrial process of MSMEs; bring the industrial design fraternity closer to the MSME Sector; increase the awareness of the value of design and establish design learning in the MSME, and increase the competitiveness of local products and services. Activities under the scheme include

(i) Design Awareness Seminars/Workshops

(ii) Professional Design Projects

(iii) Student Design Projects

(iv) Orientation programmes.

Nature of Assistance: There is a provision of financial assistance of Rs. 15 Lakh (GoI: Units:75:25) for individual or upto 3 Micro units and 25 Lakh (GoI: Units:75:25) for more than 3 Micro units. For Small & Medium units, it is Rs. 25 lakh (GoI: Units: 60:40) for individual or upto 3 Units and Rs. 40 Lakh (GoI: Units:60:40) for more than 3 Units.

Who can apply: All Udyog Aadhaar Memorandum (UAM) registered manufacturing Micro, Small and Medium Enterprises (MSMEs) profitable entity in last three years are eligible to take the benefit of scheme.

How to apply: The MSME can submit their application to NID, Ahmedabad, IISC Bengaluru who have been nominated as IA.

2) Lean Manufacturing Competitiveness Scheme (LMCS)

Description: The Lean Manufacturing Competitiveness Scheme (LMCS) is a business initiative to enhance Competitiveness of the manufacturing sector, imbibing a culture of continuous improvement inculcating good management system resulted through increase in overall productivity. The objective of the scheme is to enhance the manufacturing competitiveness in MSMEs through the application of various Lean Techniques by reducing waste, increase productivity, imbibing a culture of continuous improvements etc.

Nature of Assistance: Provision of financial assistance to MSMEs upto Rs 36 Lakhs (maximum) per mini cluster of 10 units for a period of 18 months or till completion (GoI: Units:80:20, Rs. 28.8 Lakhs: Rs. 7.2 Lakhs).

Who can apply: All registered Micro, Small and Medium Enterprises (MSMEs) having valid Udyog Aadhaar memorandum and engaged in manufacturing activities are eligible to avail the benefit of LMCS.

How to apply: Office of DC (MSME), Ministry of MSME is implementing this scheme through MSME- DIs/TCs/Central Govt./State Govt. and its Institutions.

3) Digital MSME Scheme

Description: The main objective of the scheme is to make MSMEs digitally empowered and motivate them to adopt ICT tools and applications in their production & business processes to improve their competitiveness in national & international markets. Activities under the scheme include (i) Development of e-platform (India Enterprise Portal), (ii) Development of Software/Apps for MSMEs and uploading on portal etc. (iii) Digital Empowerment through Enterprise Facilitation Centre (EFC), and (iv) Assistance for IT infrastructure to various Implementing Agencies (IA).

Nature of Assistance: (i) Development of India Enterprise Portal for disseminating information on various IT based services for MSMEs. (ii) IT Infrastructure for Enterprise Facilitation Centre and Implementing Agencies.

How to apply: The MSMEs can contact the National Monitoring & Implementing Unit (NMIU)/Implementing Agency (IA) for availing the benefit of the scheme.

2) Financial Support to MSMEs in ZED Certification Scheme

Description: The objectives of the scheme include inculcating Zero Defect & Zero Effect practices in manufacturing processes, ensure continuous improvement supporting the Make in India initiative. The scheme envisages promotion of Zero Defect and Zero Effect (ZED) manufacturing amongst MSMEs so as to Promote adaptation of Quality tools/systems and Energy Efficient manufacturing, Encourage MSMEs to constantly upgrade their quality standards in products and processes, to drive manufacturing with adoption of Zero Defect production processes and without impacting the environment.

Nature of Assistance: The subsidy provided by the Government of India for Micro, Small & Medium Enterprises will be 80%, 60% and 50% respectively.

Who can apply: All MSMEs registered under MSME Act, 2006 as amended from time to time and also to MSMEs which are included as per executive orders issued by AS & DC (MSME) in consistent with MSME Act from time to time.

How to apply: The ZED Certification Scheme is a 4-step process: Step 1 : Register free on the online portal of ZED (www.zed.org.in) using the following link: http://assessment.zed.org.in/Assessment/ Assessment_BeforeLogin.aspx, using the valid (Indian) mobile number and email address. Step 2: Online self-assessment on the ZED parameters followed by Desktop Assessment. Step 3: Site-assessment, if selected on the basis of Desktop Assessment. Step 4: Consultancy: after desktop assessment, MSMEs will have the option to avail the service of an authorized ZED consultant for gap-analysis and handholding.

3) Support for Entrepreneurial and Managerial Development of MSMEs through Incubators

Description: The objective of the scheme is to promote & support untapped creativity of individual and to promote adoption of latest technologies in manufacturing as well as knowledge based innovative MSMEs (ventures) that seek the validation of their ideas at the proof of concept level.

Nature of Assistance: Financial assistance up to 15 lakh for developing/ nurturing the ideas. Upto Rs. 1.00 crore for procurement and installation of plant and machines in Business Incubator. Upto Rs. 1.00 Crore as seed capital support to appropriate Incubates in the form of soft loan, interest free loan, equity participation, grant or combination of these etc. for setting up of Startups.

Who can apply: Technical colleges, Universities Colleges other professional Colleges/ Institutes, R&D institutes, NGO involved in relevant activities etc., EFCs of DC (MSME), MSME-DIs/TCs /DICs or any institute/organization of Central/State Govt. may apply to register as Host Institute. Students/ MSMEs can apply to the registered Host Institute for developing and nurturing the ideas.

How to apply: Students/Entrepreneurs/MSME will apply to National Monitoring & Implementing Units (NMIU) through Implementing Agency (IA) on MIS portal for availing the benefit of the schemes.

4) Building Awareness on Intellectual Property Rights (IPRs)

Description: Building Awareness on Intellectual Property Rights (IPRs) for the MSME is administered with the objective to enhance awareness of MSMEs about Intellectual Property Rights (IPRs) and to take measure for the protecting their ideas and business strategies. These objectives are fulfilled through various activities under the scheme like awareness programmes/Seminars, workshops, Reimbursement for registration of IP, International Co-operation & setting-up IP facilitation centre across the country.

Nature of Assistance: Reimbursement for Patent /GI Registration/Trademarks, for setting up of IP Facilitation Centers, interactive Seminars /Workshops/Exhibitions and Awareness Programmes.

Who can apply: MSME units having valid Udyog Aadhar Memorandum (UAM). These initiatives are being implemented through various eligible implementing agencies prescribed in the scheme guidelines.

How to apply: Online application can be filled at www.my.msme.gov.in

5) Tool Rooms & MSME Technology Centres

Description: The Technology Centres (TCs) facilitate an integrated development of MSMEs by providing quality Tool, Industry ready manpower, consultancy in tooling & related areas and processes & Products development in product group like Foundry & Forging, Electronics, Electrical Measuring Instruments, Fragrance & Flavour, Glass, Sport Goods and Footwear designing. These TCs are provding these services across the country.

Nature of Assistance: i) To provide access of MSMEs to tooling facilities for enhancement of their efficiency. ii) Process & Product development in relevant sector. iii) Consultancy and Job works in relevant Sector and iv) Skill Development.

Who can apply : (i) Units desirous of availing tooling and dies facilities and consultancy services. (ii) The eligibility for training programmes includes from school dropout to M.Tech level.

How to apply: Online application for training can be filled at respective Technology Centres’ website or in person at Technology Centre. For tooling and consultancy services, the relevant Technology Centres may be visited.

For further details on eligibility and how to apply , please get in touch with us on email at Info@risikollp.com, enquiry@risikollp.com or call India MSME Helpdesk Tel. +91-22-28816486 or fill up the enquiry page on our website so we can get in touch with you.