The announcement of Make in India and Zero Defect Zero Effect put in perspective the governments’ intent to change the course of economy by focusing on manufacturing as an engine to sustained growth

By on 14-11-2018

ZED SCHEME FOR MSMEs

The announcement of Make in India and Zero Defect Zero Effect put in perspective the governments’ intent to change the course of economy by focusing on manufacturing as an engine to sustained growth. In order to build the ecosystem to implement the idea, three important components emerged as the vehicle for this new transformation:
1. The Ease of Doing Business in India.
2. The confidence in quality of source material, components and services.
3. Making available competent human resource to drive the change.
While the Department of Industrial Policy and Promotion took the responsibility of creating an atmosphere of Ease of doing business, QCI along with the M/o MSME started exploring the idea of creating a holistic scheme to engage the MSME sector, long considered as a propellant for sustained growth, by improving their quality and competitiveness.
ZED was thus born! The ecosystem around ZED model is calibrated to make aware, assess, rate, counsel, handhold, re-assess & certify MSMEs and ensure that they rise up the ZED ladder, thus enhancing their competitiveness in the global marketplace and making them an important cog in the wheel in the “MAKE-IN-INDIA” campaign. It also, as a consequence, provides career opportunities for the youth in India.

 VISION & MISSION

The Model shall be applicable for all sectors of manufacturing industries.
It will focus on MSMEs and small businesses.
It will address the quality and ecological needs of domestic and overseas customers, society, employees, partners, regulators, and investors.

 VISION

To enable the advancement of Indian industry to a position of eminence in the global marketplace and leverage India’s emergence as the world’s supplier through the ‘Made in India’ mark.

 MISSION

To develop and implement a ‘ZED’ culture in India based on the principles of:

 ZERO DEFECT (FOCUS ON CUSTOMER)

• Zero non-conformance/non-compliance
•  Zero waste

ZERO EFFECT (FOCUS ON SOCIETY)

• Zero air pollution/liquid discharge (ZLD)/solid waste
•  Zero wastage of natural resources

 BENEFITS OF ZED

ZED offers a wide variety of benefits to an organization. The quality standards are applicable to companies which come under the section of MSME's or Sector who are seeking to improve their internal management and operational system. The government of India recommended that companies who are seeking to increase their profits in accordance to the environmental consciousness should seek for this certification.

 BENEFIT TO MSMES

• EASY ACCESS TO LOANS: For business expansion, MSME do require financials, and to support the cause RBI has issued an advisory to Indian Banking Association (IBA) to incorporate information on ZED in the MSME loan application form which has been followed. https://www.iba.org.in/advertisement1.asp.
• CREDIBLE & RELIABLE VENDOR DATABASE: ZED will ensure that the companies investing in India have a ready-made & reliable vendor base to support their activities the MSMEs rated under ZED Certification Scheme.
• REDUCING NEGATIVE EFFECT ON OUR ENVIRONMENT: Enhanced environment consciousness making them “Responsible Manufacturers”.
• AWARDS & REWARDS: High performing ZED units will be recognized nationally by the Ministry of MSME and QCI through an award & reward system which will help them to showcase themselves globally.
• ALIGNING WITH BEST PRACTICES: MSMEs will get an opportunity to do benchmark study and learn the best practices across the globe under the ambit of ZED Certification Scheme.
• GLOBAL COMPETITIVENESS: Enhanced competitiveness of the vendors in the global marketplace so that goods manufactured have no defects and thus leveraging the benefits of quality & cost optimization.
• VISIBILITY & BRAND RECOGNITION: A “ZED Mark” to enable an MSME to be seen as a company with a leverage over non-rated MSME units. 

Other benefits expected to be announced by the Government in the near future.