Enhancing participation and implementation of the ZED Scheme
Through ZED certification, the attempt is to improve MSME manufacturing systems & processes, enhance MSME competitiveness, make them sustainable, and transform them as National and International Champions. The ZED Scheme attempts to aware, assess & certify, counsel, handhold MSMEs and ensure that they rise up the ZED ladder, thus enhancing their competitiveness in the global marketplace and making them truly "atmanirbhar". The ZED Scheme focuses on establishing the manufacturing sector as an engine to sustained economic growth.
How it works
ZED Certification Levels
ZED i.e. ZERO DEFECT ZERO EFFECT is a simple, transparent and affordable certification with 3 levels, Bronze, Silver & Gold, and is based on well-defined parameters of quality, safety, production, cleanliness, energy, environment and more.
ZED Certification Parameters
The aspiring MSME unit may register for bronze, silver, or gold ZED certification by implementing the parameters listed hereunder
| ZED Certification Parameters - Manufacturing | |||||
|---|---|---|---|---|---|
| S. No. | Parameters | Bronze | Silver | Gold | Parameter Exemptions for Existing Certifications |
| 1 | Leadership | ||||
| 2 | Swachh Workplace | ||||
| 3 | Occupational (Workplace) Safety | ISO 45001 | |||
| 4 | Measurement of Timely Delivery | ||||
| 5 | Quality Management | ISO 9001 | |||
| 6 | Human Resource Management | ||||
| 7 | Daily Works Management | MSME-Competitive (Lean) (Advance Lean Certification) |
|||
| 8 | Planned Maintenance & Calibration | ||||
| 9 | Process Control | ||||
| 10 | Product Quality & Safety (Testing/Certification) | ||||
| 11 | Material Management | ||||
| 12 | Energy Management | ISO 50001 | |||
| 13 | Environment Management | ISO 14001 | |||
| 14 | Measurement and Analysis | ||||
| 15 | Supply Chain Management | ||||
| 16 | Risk Management | ||||
| 17 | Waste Management (Muda, Mura, Muri) | MSME-Competitive (Lean) (Advance Lean Certification) |
|||
| 18 | Technology Selection & Upgradation | ||||
| 19 | Natural Resource Conservation | ||||
| 20 | Corporate Social Responsibility | ||||
Benefits Of ZED Certification
ZED Certification is not just a certificate to prove that the business is following best practices, it also gives a fair idea to the workforce on how to improve their business outcomes. Here is an overview of the advantages of ZED.
Incentives (Ministry Of MSME)
Ministry of Micro, Small & Medium Enterprises
1. Free (100% subsidy) ZED Certification for Women Owned MSMEs
Any number of Units (owned by Women) registered under one Udyam Registration can apply for subsidy under this Scheme
Ministry of Micro, Small & Medium Enterprises
2. FINANCIAL ASSISTANCE IN TESTING/SYSTEM/PRODUCT CERTIFICATION
For availing Testing OR Management Systems OR Product Certification, of upto 75% of the total cost of Certification, with the maximum ceiling of subsidy being Rs. 50,000/-.
Ministry of Micro, Small & Medium Enterprises
3. International Cooperation (IC) Scheme
Stall Charges subject to a maximum of Rs.3.50 lakh or actual rent paid, whichever is lower
Ministry of Micro, Small & Medium Enterprises
4. International Cooperation (IC) Scheme
Economy class airfare subject to a maximum of Rs. 1.75 lakh or actual fare paid, whichever is lower
Ministry of Micro, Small & Medium Enterprises
5. Freight charges under International Cooperation (IC) Scheme
Actuals subject to maximum of Rs. 50,000/- + Rs. 10,000/- per MSME unit and Rs. 75,000/- + Rs. 10,000/- per MSME for Latin American Countries.
Ministry of Micro, Small & Medium Enterprises
6. Joining Reward of Rs. 10,000/-
Joining reward of Rs. 10,000/- will be offered to each MSME once they take the ZED Pledge which needs to be utilized within a defined time period. This joining reward may be used by an applicant MSME only once while applying for a ZED Certi?cation (Bronze, Silver, Gold). This joining reward will be valid only for 1 year after taking the ZED Pledge.
Ministry of Micro, Small & Medium Enterprises
7. Subsidy on Cost of ZED Certification (80%, 60% & 50% for Micro, Small and Medium Enterprises, respectively)
Any number of Units registered under one Udyam Registration can apply for subsidy under this Scheme. Each Unit (under one Udyam Registration) will need to apply for Certification separately to avail subsidy/benefits/incentives. 80%, 60% & 50% for Micro, Small and Medium Enterprises, respectively.
Ministry of Micro, Small & Medium Enterprises
8. Additional Subsidy of 10% for the MSMEs owned by Women/SC/ ST Entrepreneurs OR MSMEs in NER/ Himalayan/LWE/Island territories/Aspirational districts
There will be an additional subsidy of 10% for the MSMEs owned by Women/SC/ ST Entrepreneurs OR MSMEs in NER/ Himalayan/LWE/Island territories /Aspirational districts
Ministry of Micro, Small & Medium Enterprises
9. Additional Subsidy of 5% on ZED Certification Cost for MSMEs which are also a part of the SFURTI OR Micro & Small Enterprises - Cluster Development Programme (MSE-CDP) of the Ministry of MSME
There will be an additional subsidy of 5% for MSMEs which are also a part of the SFURTI OR Micro & Small Enterprises - Cluster Development Programme (MSE-CDP) of the Ministry of MSME
Ministry of Micro, Small & Medium Enterprises
10. Credit Guarantee Scheme
Increased Guarantee Coverage of 85% for ZED Certified MSEs
Ministry of Micro, Small & Medium Enterprises
11. Credit Guarantee Scheme
10% additional concession/relaxation in guarantee fee for ZED Certified MSEs
Financial Institution Incentives
North East Small Finance Bank
12. Waiver on Processing Fees and Interest Rate for MSMEs in Assam, Arunachal Pradesh, Sikkim, Meghalaya, Manipur, Mizoram, Nagaland, Tripura, West Bengal (Only North Bengal) States
Processing Fees Waiver - 0.15%, Interest Rate Waiver - 0.15%
ICICI Bank Limited
13. Waiver in processing fees
25% concession in processing fee is being provided to MSME clients post submission of ZED Certificate.
YES Bank Limited
14. Concession on the pricing
0.5% concession on the Processing Fees and Rate of interest
ESAF Small Finance Bank
15. Reduction in Processing fee
50% reduction in processing fee for all loan proposals from ZED certified units
ESAF Small Finance Bank
16. Reduction in interest rate
1% reduction from standard interest rate for ZED Certified Units
Fusion Microfinance Ltd
17. Discount in Processing Fees in Delhi, Haryana, Punjab, Rajasthan, Madhya Pradesh, Uttar Pradesh, Uttarakhand, Jharkhand, Gujarat and Bihar
Discount in Processing Fees up to 0.5%
Fusion Microfinance Ltd
18. Concession in Interest Rate in Delhi, Haryana, Punjab, Rajasthan, Madhya Pradesh, Uttar Pradesh, Uttarakhand, Jharkhand, Gujarat and Bihar
Concession in Interest Rate up to 0.5%
State Bank of India
19. Processing charges (Working Capital) / Upfront fees (Term Loan) & Rate of Interest
5% concession in processing charges/upfront fees 5 bps interest concession
Central Bank of India
20. Concession in Processing Fees and Rate of Interest
50 bps concession in Processing Fees
HDB Financial Services Ltd
21. Discount in Processing Fees
30% concession in Processing Fees
Bank of Maharashtra
22. Concession in Processing Fees and Rate of Interest
25% concession in processing fees, 25 bps concession in rate of interest
Bank of Baroda
23. Concession in Processing Charges & Concession in Rate of Interest
25% concession in processing charges
Bank of Baroda
24. Concession in Processing Charges & Concession in Rate of Interest
25% concession in Processing Charges and ROI concession of 25 bps (Subject to, applicable ROI is not below than BRLLR / MCLR+SP)
Federal Bank
25. Concession in Processing Fees and Concession in ROI
5% concession from the extant card rate and 20bps below the extant card rates
Canara Bank
26. Concessions in ROI and processing charges
1) Risk Rating of the unit (New/Existing), Internal Rating – CNR I to V (Minimal/LR), External Rating – AAA/AA/A, Concession in ROI- 0.10% and Concession in processing charges-10%; 2) Risk Rating of the unit (New/Existing), Internal Rating – CNR VI (NR), External Rating – BBB, Concession in ROI- 0.10% and Concession in processing charges-10%
Small Industries Development Bank of India (SIDBI)
27. Concession in Interest Rate & Processing/ upfront fees
5 bps in Interest rate and 5% in Processing/ upfront fees
UCO BANK
28. Concession in opplicable processing charges ond Rate of interest (RoI) for ZERO DEFECT ZERO EFFECT (ZED) Certified MSMEs
5% Concession in Processing Charges and 25 bps (0.25%) concession in rate of interest (ROI)
State Incentives
Railway Board, Ministry of Railways
29. Admissibility of discount schemes in freight rates for parcels
Powers to Zonal Railways to grant up-to 45% discount in freight rates on indented parcel trains and indented Parcel Vans in empty direction (vide FM Circular-26/2021 dated 22.11.2021)
Railway Board, Ministry of Railways
30. Admissibility of discount schemes in freight rates for parcels
Powers to decide the charging of non-leased parcel traffic in SLRs of intra-Railway trains with low utilization (vide FM Circular-03/2018 dated 24.01.2018)
Other Incentives
Railway Board, Ministry of Railways
31. Admissibility of discount schemes in freight rates for parcels
Powers to Zonal Railways to grant up-to 45% discount in freight rates on indented parcel trains and indented Parcel Vans in empty direction (vide FM Circular-26/2021 dated 22.11.2021)
Railway Board, Ministry of Railways
32. Admissibility of discount schemes in freight rates for parcels
Powers to decide the charging of non-leased parcel traffic in SLRs of intra-Railway trains with low utilization (vide FM Circular-03/2018 dated 24.01.2018)
Incentives (Ministry Of MSME)
Ministry of Micro, Small & Medium Enterprises
1. Free (100% subsidy) ZED Certification for Women Owned MSMEs
Any number of Units (owned by Women) registered under one Udyam Registration can apply for subsidy under this Scheme
Ministry of Micro, Small & Medium Enterprises
2. FINANCIAL ASSISTANCE IN TESTING/SYSTEM/PRODUCT CERTIFICATION
For availing Testing OR Management Systems OR Product Certification, of upto 75% of the total cost of Certification, with the maximum ceiling of subsidy being Rs. 50,000/-.
Ministry of Micro, Small & Medium Enterprises
3. International Cooperation (IC) Scheme
Stall Charges subject to a maximum of Rs. 4.00 lakh or actual rent paid, whichever is lower
Ministry of Micro, Small & Medium Enterprises
4. International Cooperation (IC) Scheme
Economy class airfare subject to a maximum of Rs. 2.00 lakh or actual fare paid, whichever is lower
Ministry of Micro, Small & Medium Enterprises
5. Freight charges under International Cooperation (IC) Scheme
Actuals subject to maximum of Rs. 50,000/- + Rs. 15,000/- per MSME unit and Rs. 75,000/- + Rs. 15,000/- per MSME for Latin American Countries.
Ministry of Micro, Small & Medium Enterprises
6. Joining Reward of Rs. 10,000/-
Joining reward of Rs. 10,000/- will be offered to each MSME once they take the ZED Pledge which needs to be utilized within a defined time period. This joining reward may be used by an applicant MSME only once while applying for a ZED Certi?cation (Bronze, Silver, Gold). This joining reward will be valid only for 1 year after taking the ZED Pledge.
Ministry of Micro, Small & Medium Enterprises
7. Subsidy on Cost of ZED Certification (80%, 60% & 50% for Micro, Small and Medium Enterprises, respectively)
Any number of Units registered under one Udyam Registration can apply for subsidy under this Scheme. Each Unit (under one Udyam Registration) will need to apply for Certification separately to avail subsidy/benefits/incentives. 80%, 60% & 50% for Micro, Small and Medium Enterprises, respectively.
Ministry of Micro, Small & Medium Enterprises
8. Additional Subsidy of 10% for the MSMEs owned by Women/SC/ ST Entrepreneurs OR MSMEs in NER/ Himalayan/LWE/Island territories/Aspirational districts
There will be an additional subsidy of 10% for the MSMEs owned by Women/SC/ ST Entrepreneurs OR MSMEs in NER/ Himalayan/LWE/Island territories /Aspirational districts
Ministry of Micro, Small & Medium Enterprises
9. Additional Subsidy of 5% on ZED Certification Cost for MSMEs which are also a part of the SFURTI OR Micro & Small Enterprises - Cluster Development Programme (MSE-CDP) of the Ministry of MSME
There will be an additional subsidy of 5% for MSMEs which are also a part of the SFURTI OR Micro & Small Enterprises - Cluster Development Programme (MSE-CDP) of the Ministry of MSME
Ministry of Micro, Small & Medium Enterprises
10. Credit Guarantee Scheme
Increased Guarantee Coverage of 85% for ZED Certified MSEs
Ministry of Micro, Small & Medium Enterprises
11. Credit Guarantee Scheme
10% additional concession/relaxation in guarantee fee for ZED Certified MSEs
Financial Institution Incentives
North East Small Finance Bank
12. Waiver on Processing Fees and Interest Rate for MSMEs in Assam, Arunachal Pradesh, Sikkim, Meghalaya, Manipur, Mizoram, Nagaland, Tripura, West Bengal (Only North Bengal) States
Processing Fees Waiver would be Rs. 0.20%, Interest Rate Waiver would be Rs. 0.20%
ICICI Bank Limited
13. Waiver in processing fees
25% concession in processing fee is being provided to MSME clients post submission of ZED Certificate.
YES Bank Limited
14. Concession on the pricing
0.5% concession on the Processing Fees and Rate of interest
ESAF Small Finance Bank
15. Reduction in Processing fee
50% reduction in processing fee for all loan proposals from ZED certified units
ESAF Small Finance Bank
16. Reduction in interest rate
1% reduction from standard interest rate for ZED Certified Units
Fusion Microfinance Ltd
17. Discount in Processing Fees in Delhi, Haryana, Punjab, Rajasthan, Madhya Pradesh, Uttar Pradesh, Uttarakhand, Jharkhand, Gujarat and Bihar
Discount in Processing Fees up to 0.5%
Fusion Microfinance Ltd
18. Concession in Interest Rate in Delhi, Haryana, Punjab, Rajasthan, Madhya Pradesh, Uttar Pradesh, Uttarakhand, Jharkhand, Gujarat and Bihar
Concession in Interest Rate up to 0.5%
State Bank of India
19. Processing charges (Working Capital) / Upfront fees (Term Loan) & Rate of Interest
15% concession in processing charges/upfront fees 15 bps interest concession
Central Bank of India
20. Concession in Processing Fees and Rate of Interest
75 bps concession in Processing Fees, 25 bps concession in Rate of Interest
HDB Financial Services Ltd
21. Discount in Processing Fees
50% concession in Processing Fees
Bank of Maharashtra
22. Concession in Processing Fees and Rate of Interest
25% concession in processing fees, 35 bps concession in rate of interest
Bank of Baroda
23. Concession in Processing Charges & Concession in Rate of Interest
25% concession in processing charges
Bank of Baroda
24. Concession in Processing Charges & Concession in Rate of Interest
25% concession in Processing Charges and ROI concession of 25 bps (Subject to, applicable ROI is not below than BRLLR / MCLR+SP)
Federal Bank
25. Concession in Processing Fees and Concession in ROI
10% concession from the extant card rate and 30bps below the extant card rates
AU Small Finance Bank
26. Concession in Processing Fees and Concession in ROI
Concession of 33.33% on Processing Fee of 1.50% i.e. Effective PF of 1.00% and Applicable ROI of ( Repo + 5.85%) on card rate of (Repo + 7.6%) i.e. 1.75% p.a. concession
Canara Bank
27. Concessions in ROI and processing charges
1) Risk Rating of the unit (New/Existing), Internal Rating – CNR I to V (Minimal/LR), External Rating – AAA/AA/A, Concession in ROI - 0.25% and Concession in processing charges - 25%; 2) Risk Rating of the unit (New/Existing), Internal Rating – CNR VI (NR), External Rating – BBB, Concession in ROI- 0.20% and Concession in processing charges-20% 3) Risk Rating of the unit (New/Existing), Internal Rating – CNR VII (MR-1), External Rating – BBB, Concession in ROI- 0.10% and Concession in processing charges-10%
Small Industries Development Bank of India (SIDBI)
28. Concession in Interest Rate & Processing/ upfront fees
15 bps in Interest rate and 15% in Processing/ upfront fees
UCO BANK
29. Concession in opplicable processing charges ond Rate of interest (RoI) for ZERO DEFECT ZERO EFFECT (ZED) Certified MSMEs
15% Concession in Processing Charges and 35 bps (0.35%) concession in rate of interest (ROI)
State Incentives
Railway Board, Ministry of Railways
30. Admissibility of discount schemes in freight rates for parcels
Powers to Zonal Railways to grant up-to 45% discount in freight rates on indented parcel trains and indented Parcel Vans in empty direction (vide FM Circular-26/2021 dated 22.11.2021)
Railway Board, Ministry of Railways
31. Admissibility of discount schemes in freight rates for parcels
Powers to decide the charging of non-leased parcel traffic in SLRs of intra-Railway trains with low utilization (vide FM Circular-03/2018 dated 24.01.2018)
Other Incentives
Railway Board, Ministry of Railways
32. Admissibility of discount schemes in freight rates for parcels
Powers to Zonal Railways to grant up-to 45% discount in freight rates on indented parcel trains and indented Parcel Vans in empty direction (vide FM Circular-26/2021 dated 22.11.2021)
Railway Board, Ministry of Railways
33. Admissibility of discount schemes in freight rates for parcels
Powers to decide the charging of non-leased parcel traffic in SLRs of intra-Railway trains with low utilization (vide FM Circular-03/2018 dated 24.01.2018)
Incentives (Ministry Of MSME)
Ministry of Micro, Small & Medium Enterprises
1. Free (100% subsidy) ZED Certification for Women Owned MSMEs
Any number of Units (owned by Women) registered under one Udyam Registration can apply for subsidy under this Scheme
Ministry of Micro, Small & Medium Enterprises
2. FINANCIAL ASSISTANCE IN TESTING/SYSTEM/PRODUCT CERTIFICATION
For availing Testing OR Management Systems OR Product Certification, of upto 75% of the total cost of Certification, with the maximum ceiling of subsidy being Rs. 50,000/-.
Ministry of Micro, Small & Medium Enterprises
3. International Cooperation (IC) Scheme
Stall Charges subject to a maximum of Rs. 4.00 lakh or actual rent paid, whichever is lower
Ministry of Micro, Small & Medium Enterprises
4. International Cooperation (IC) Scheme
Economy class airfare subject to a maximum of Rs. 2.25 lakh or actual fare paid, whichever is lower
Ministry of Micro, Small & Medium Enterprises
5. Freight charges under International Cooperation (IC) Scheme
Actuals subject to maximum of Rs. 50,000/- + Rs. 25,000/- per MSME unit and Rs. 75,000/- + Rs. 25,000/- per MSME for Latin American Countries.
Ministry of Micro, Small & Medium Enterprises
6. Joining Reward of Rs. 10,000/-
Joining reward of Rs. 10,000/- will be offered to each MSME once they take the ZED Pledge which needs to be utilized within a defined time period. This joining reward may be used by an applicant MSME only once while applying for a ZED Certi?cation (Bronze, Silver, Gold). This joining reward will be valid only for 1 year after taking the ZED Pledge.
Ministry of Micro, Small & Medium Enterprises
7. Subsidy on Cost of ZED Certification (80%, 60% & 50% for Micro, Small and Medium Enterprises, respectively)
Any number of Units registered under one Udyam Registration can apply for subsidy under this Scheme. Each Unit (under one Udyam Registration) will need to apply for Certification separately to avail subsidy/benefits/incentives. 80%, 60% & 50% for Micro, Small and Medium Enterprises, respectively.
Ministry of Micro, Small & Medium Enterprises
8. Additional Subsidy of 10% for the MSMEs owned by Women/SC/ ST Entrepreneurs OR MSMEs in NER/ Himalayan/LWE/Island territories/Aspirational districts
There will be an additional subsidy of 10% for the MSMEs owned by Women/SC/ ST Entrepreneurs OR MSMEs in NER/ Himalayan/LWE/Island territories /Aspirational districts
Ministry of Micro, Small & Medium Enterprises
9. Additional Subsidy of 5% on ZED Certification Cost for MSMEs which are also a part of the SFURTI OR Micro & Small Enterprises - Cluster Development Programme (MSE-CDP) of the Ministry of MSME
There will be an additional subsidy of 5% for MSMEs which are also a part of the SFURTI OR Micro & Small Enterprises - Cluster Development Programme (MSE-CDP) of the Ministry of MSME
Ministry of Micro, Small & Medium Enterprises
10. International Cooperation (IC) Scheme
Stall Charges subject to a maximum of Rs. 4.50 lakh or actual rent paid, whichever is lower
Ministry of Micro, Small & Medium Enterprises
11. Credit Guarantee Scheme
Increased Guarantee Coverage of 85% for ZED Certified MSEs
Ministry of Micro, Small & Medium Enterprises
12. Credit Guarantee Scheme
10% additional concession/relaxation in guarantee fee for ZED Certified MSEs
Financial Institution Incentives
North East Small Finance Bank
13. Waiver on Processing Fees and Interest Rate for MSMEs in Assam, Arunachal Pradesh, Sikkim, Meghalaya, Manipur, Mizoram, Nagaland, Tripura, West Bengal (Only North Bengal) States
Processing Fees Waiver would be Rs. 0.25%, Interest Rate Waiver would be Rs. 0.25%
ICICI Bank Limited
14. Waiver in processing fees
25% concession in processing fee is being provided to MSME clients post submission of ZED Certificate.
YES Bank Limited
15. Concession on the pricing
0.5% concession on the Processing Fees and Rate of interest
ESAF Small Finance Bank
16. Reduction in Processing fee
50% reduction in processing fee for all loan proposals from ZED certified units
ESAF Small Finance Bank
17. Reduction in interest rate
1% reduction from standard interest rate for ZED Certified Units
Fusion Microfinance Ltd
18. Discount in Processing Fees in Delhi, Haryana, Punjab, Rajasthan, Madhya Pradesh, Uttar Pradesh, Uttarakhand, Jharkhand, Gujarat and Bihar
Discount in Processing Fees up to 0.5%
Fusion Microfinance Ltd
19. Concession in Interest Rate in Delhi, Haryana, Punjab, Rajasthan, Madhya Pradesh, Uttar Pradesh, Uttarakhand, Jharkhand, Gujarat and Bihar
Concession in Interest Rate up to 0.5%
Punjab National Bank
20. Processing Charges & Interest Concession
50% concession in Processing charges and 10 bps (0.10%) interest concession
State Bank of India
21. Processing charges (Working Capital) / Upfront fees (Term Loan) & Rate of Interest
25% concession in processing charges/upfront fees 25 bps interest concession
Central Bank of India
22. Concession in Processing Fees and Rate of Interest
100 bps concession in Processing Fees, 50 bps concession in Rate of Interest
HDB Financial Services Ltd
23. Discount in Processing Fees
75% concession in Processing Fees
Bank of Maharashtra
24. Concession in Processing Fees and Rate of Interest
25% concession in processing fees, 50 bps concession in rate of interest
Bank of Baroda
25. Concession in Processing Charges & Concession in Rate of Interest
25% concession in processing charges
Bank of Baroda
26. Concession in Processing Charges & Concession in Rate of Interest
25% concession in Processing Charges and ROI concession of 25 bps (Subject to, applicable ROI is not below than BRLLR / MCLR+SP)
Federal Bank
27. Concession in Processing Fees and Concession in ROI
15% concession from the extant card rate and 50 bps below the extant card rates
AU Small Finance Bank
28. Concession in Processing Fees and Concession in ROI
Concession of 50% on Processing Fee of 1.5% i.e. Effective PF of 0.75% and Applicable ROI of (Repo + 5.35%) on card rate of (Repo +7.6%) i.e. 2.25% p.a. concession
Canara Bank
29. Concessions in ROI and processing charges
1) Risk Rating of the unit (New/Existing), Internal Rating – CNR I to V (Minimal/LR), External Rating – AAA/AA/A, Concession in ROI – 0.50% and Concession in processing charges - 50%; 2) Risk Rating of the unit (New/Existing), Internal Rating – CNR VI (NR), External Rating – BBB, Concession in ROI- 0.30% and Concession in processing charges - 30% 3) Risk Rating of the unit (New/Existing), Internal Rating – CNR VII (MR-1), External Rating – BBB, Concession in ROI- 0.25% and Concession in processing charges - 25%
Small Industries Development Bank of India (SIDBI)
30. Concession in Interest Rate & Processing/ upfront fees
25 bps in Interest rate and 25% in Processing/ upfront fees
UCO BANK
31. Concession in opplicable processing charges ond Rate of interest (RoI) for ZERO DEFECT ZERO EFFECT (ZED) Certified MSMEs
25% Concession in Processing Charges and 45 bps (0.45%) concession in rate of interest (ROI)
State Incentives
Railway Board, Ministry of Railways
32. Admissibility of discount schemes in freight rates for parcels
Powers to Zonal Railways to grant up-to 45% discount in freight rates on indented parcel trains and indented Parcel Vans in empty direction (vide FM Circular-26/2021 dated 22.11.2021)
Railway Board, Ministry of Railways
33. Admissibility of discount schemes in freight rates for parcels
Powers to decide the charging of non-leased parcel traffic in SLRs of intra-Railway trains with low utilization (vide FM Circular-03/2018 dated 24.01.2018)
Other Incentives
Railway Board, Ministry of Railways
34. Admissibility of discount schemes in freight rates for parcels
Powers to Zonal Railways to grant up-to 45% discount in freight rates on indented parcel trains and indented Parcel Vans in empty direction (vide FM Circular-26/2021 dated 22.11.2021)
Railway Board, Ministry of Railways
35. Admissibility of discount schemes in freight rates for parcels
Powers to decide the charging of non-leased parcel traffic in SLRs of intra-Railway trains with low utilization (vide FM Circular-03/2018 dated 24.01.2018)
ZED Advantages
Improved Quality
ZED parameters help in establishing right processes for enhanced quality.
Improved Productivity
ZED implementation enhances productivity by eliminating waste.
Reduced Rejection
Implementation of ZED helps in reducing rejections through robust processes and their monitoring.
Improved Profits
Being holistic in nature, ZED implementation improves overall quality & productivity leading to improved profitability.
Enhanced Environmental Consciousness
ZED enhances environmental consciousness through specific parameters on environment & natural resource conservation.
Enhanced Customer Satisfaction
ZED practices help to establish necessary systems for improved quality that leads to enhanced customer satisfaction.
Increased Safety
ZED implementation encourages establishment of safety systems to prevent accidents & ensure a safe working environment.
Recognition
ZED certified MSMEs are listed on the ZED portal and are recognized as responsible organizations.
Impact
As the company follows the best services, its productivity and product quality is expected to substantially improve, which in turn bring benefits to the MSME units like reduced rejections and returns, hence increasing the profits.