NET ZERO IMPORTS
Incentives & Schemes : Small and Micro Enterprises ( SMEs ) fund should not exceed 1 million RMB , with a maximum of 2 million RMB for key projects .
ii ) Partial subsidies are also available to small and medium technology based enterprises for new product and pilot production .
iii ) Interest subsidies are provided to small and medium enterprises who are seeking to expand the scale of their operations . The sum of subsidies available is 1 million RMB and 2 million RMB for key projects .
iv ) Equity investments are reserved for high-end innovative projects involving high levels of technology , high innovation and market potential in emerging industries .
This initiative of the Chinese Government is considered as the single biggest endeavour to infuse capital and confidence in innovation designing and manufacturing .
1 . VAT and sales tax thresholds have been increased .
2 . EIT reduced for SMEs until 2015 by the State Council .
3 . Since 2012 , 15 billion Yuan to be injected as an innovation fund by Central Government within a period of 5 years .
4 . Preferential policies for procurement from SMEs .
5 . 30 % of total budget to be earmarked for SMEs , with 60 % dedicated specifically for SMEs .
6 . In submitting tenders SMEs will get a preference and an additional price preference of 6-10 %.
7 . Credit support from financial institutions such as banks have been mandated such that :
a . Banks ’ credit support for small firms should not grow at a lower rate than the average growth of loans from banks .
b . Small FIs meeting the loan growth target were also to be subjected to a . This policy is applicable to all Ministries / Departments ( except the Ministry of Defence ). This is also applicable for procurement of electronic products made under all Centrally sponsored schemes and grants made by the Central Government .
b . The products notified for providing preference to domestic manufacturers are : desktop PCs , dot matrix printers , tablet PCs , laptop PCs , contact smart cards , contactless smart cards , LED products , biometric access control / authentication devices , biometric finger print sensors , and biometric iris sensors .
3 . An Electronic Development Fund ( EDF ) is proposed to be set up as a “ Fund of Funds ” to participate in “ Daughter Funds ” which in turn will provide risk capital to companies developing new technologies in the area of electronics , nano-electronics and IT .
a . Assuming that the average participation of EDF in Daughter Fund is 25 %, the policy will help leverage four times Government funding in the area of R & D and innovation . It will help create a battery of Daughter funds and Fund Managers who will be seeking good start-ups ( potential winners ) and selecting them based on professional considerations .
1 . MSMEs in India receive wide array of technological support .
2 . Small Industries Development Organization and National Small Industries Corporation Limited are engaged in providing such support .
3 . Apart from these , the National Manufacturing Competitiveness Programme has also implemented crucial measures to enhance the competitiveness of Indian MSMEs through technological support .
4 . Programmes have also been launched to help in marketing of MSME
12 products .
5 . Ministry of MSME , Government of India also has a ‘ Scheme for Assistance to Training Institutions ’ which provides assistance for setting up and strengthening Entrepreneurship Development Institutes ( EDIs ).
6 . These EDIs work towards entrepreneurship development and skill building programmes .
7 . Small Industries Development Bank of
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