{"id":10410,"date":"2019-08-05T19:00:07","date_gmt":"2019-08-05T13:30:07","guid":{"rendered":"https:\/\/www.instamojo.com\/blog\/?p=10410"},"modified":"2021-10-21T20:39:32","modified_gmt":"2021-10-21T15:09:32","slug":"iso-msme-reimbursement-scheme","status":"publish","type":"post","link":"https:\/\/www.instamojo.com\/blog\/iso-msme-reimbursement-scheme\/","title":{"rendered":"How ISO MSME Reimbursement Scheme will Benefit Small Businesses"},"content":{"rendered":"<p class=\"p1\">In a move to strengthen the MSME sector and provide better financial aid, the ISO MSME reimbursement scheme has been expanded by the Government. This new scheme provides a one-time reimbursement to small businesses that have acquired the ISO 9000\/ISO 14001\/HACCP certification.<\/p>\n<p class=\"p2\">There has been an increased focus to provide financial aid to MSMEs, as it is one of the largest contributors to the country\u2019s GDP. With growth, comes an opportunity to scale international markets too.<\/p>\n<p class=\"p2\">To assist with this, the ISO MSME reimbursement scheme expanded to help MSMEs and small businesses to seek\u00a0ISO certifications to:<\/p>\n<ul>\n<li class=\"p2\">Standardise their products<\/li>\n<li class=\"p2\">Ensure they meet International quality standards<\/li>\n<\/ul>\n<h2>What is\u00a0ISO MSME Reimbursement Scheme?<\/h2>\n<p>To understand this, we need to first know what an ISO (International Organisation of Standardisation) certification is:<\/p>\n<p class=\"p1\">An <strong>ISO certification<\/strong> is an international certification which ensures that company products adhere to international standards of quality. It conducts various quality assessment tests before issuing the certification to an enterprise.<\/p>\n<ul>\n<li>ISO 9000: Deals with quality management and quality assurance<\/li>\n<li>ISO 14001: Deals with Environment management<\/li>\n<\/ul>\n<h2 class=\"p1\">Why do businesses need ISO certification?<\/h2>\n<p class=\"p1\">ISO certification complies with international standards. Therefore, MSMEs which avail ISO certifications become competitive in national as well as international markets.<\/p>\n<p class=\"p1\">Availing an ISO certification, however,\u00a0 involves considerable funds.<\/p>\n<p class=\"p1\">The Development Commissioner of Small Scale Industries (SSI), Ministry of SSI and the Government of India offers a funding scheme for MSMEs to apply for this certification. That scheme is the <strong><em>ISO 9000\/ISO 14001 Certification Reimbursement Scheme<\/em><\/strong>.<\/p>\n<blockquote>\n<p class=\"p1\"><b>The Scheme shall provide one time reimbursement only against a Permanent SSI registration Certificate<\/b>.<\/p>\n<\/blockquote>\n<h2 class=\"p1\">Highlights of ISO MSME Reimbursement Scheme:<\/h2>\n<p class=\"p1\">The ISO 9000\/ISO 14001 Certification Reimbursement Scheme helps MSMEs obtain the specified ISO certification by providing them with financial aid.<\/p>\n<ul>\n<li class=\"p1\">Any charges a small business incurs with the ISO-9000\/ISO-14001 certification are reimbursed under the scheme<\/li>\n<li class=\"p1\">Reimbursement limit is set up to 75% of the cost incurred in availing the certification subject to a maximum of INR 75,000.<\/li>\n<li class=\"p1\">The reimbursement is a one-time offer once the business provides an Entrepreneurship Memorandum Number.<\/li>\n<\/ul>\n<h3 class=\"p1\">Can your business apply?<\/h3>\n<p class=\"p1\">To apply for this scheme, your business must fall in the eligibility criteria.\u00a0 Your business is eligible if it is a permanently registered small scale service which has already acquired the ISO-9000\/ISO-14001\/HACCP certification.<\/p>\n<p class=\"p1\">Businesses can avail the scheme by filling up an application form and submitting the form with their documents to the\u00a0<span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"http:\/\/www.dcmsme.gov.in\" target=\"_blank\" rel=\"nofollow noopener\">DC-MSME website.<\/a><\/span><\/p>\n<p class=\"p1\">Similar to the ISO certification reimbursement scheme, the government and RBI have worked together to provide different MSME schemes in 2019. Some of them are:<\/p>\n<ul>\n<li><span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/medium.com\/mojoverse-the-business-weekly\/will-foreign-lending-be-good-for-small-business-in-india-345db4177c69\" target=\"_blank\" rel=\"noopener\">Initiating foreign lending prospects with International lenders for MSMEs\u00a0<\/a><\/span><\/li>\n<li><span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/www.instamojo.com\/blog\/rbi-removes-charges-neft-rtgs-transactions\/\" target=\"_blank\" rel=\"noopener\">Removing all charges from NEFT and RTGS transactions\u00a0<\/a><\/span><\/li>\n<li><span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/www.instamojo.com\/blog\/loans-for-msmes-get-cheaper-rbi\/\" target=\"_blank\" rel=\"noopener\">Providing cheaper loans for MSMEs through reduced repo rates\u00a0<\/a><\/span><\/li>\n<li><span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/www.instamojo.com\/blog\/upi-qr-codes-for-gst-benefit-small-business\/\" target=\"_blank\" rel=\"noopener\">Introducing GST Benefit for Businesses Using QR Codes to make payments.\u00a0<\/a><\/span><\/li>\n<\/ul>\n<p>Is the scheme good for MSMEs in the long run? Let us know in the comments.<\/p>\n<hr \/>\n<p style=\"text-align: center;\"><a class=\"mb-button mb-style-flat mb-size-default mb-corners-default mb-text-style-default \" style=\"background-color: #4e4e91;\" href=\"https:\/\/www.instamojo.com\/?ref=blog\" target=\"_blank\" rel=\"noopener\">DISCOVER INSTAMOJO<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"In a move to strengthen the MSME sector and provide better financial aid, the ISO MSME reimbursement scheme&hellip;\n","protected":false},"author":6,"featured_media":10521,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[398,1],"tags":[2055,2057,2060,2062,2063,2076,2077,2059,2058,2056],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How ISO MSME Reimbursement Scheme will Benefit Small Businesses<\/title>\n<meta name=\"description\" content=\"In a move to strengthen the MSME sector and provide better financial aid, the ISO MSME reimbursement scheme has been expanded by the Government. This new scheme provides financial incentives to businesses that have acquired the ISO 9000\/ISO 14001\/HACCP certification through reimbursement of incurred expenditure.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.instamojo.com\/blog\/iso-msme-reimbursement-scheme\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How ISO MSME Reimbursement Scheme will Benefit Small Businesses\" \/>\n<meta property=\"og:description\" content=\"In a move to strengthen the MSME sector and provide better financial aid, the ISO MSME reimbursement scheme has been expanded by the Government. 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