All about Pradhan Mantri yojana and other government schemes in India.

2016-10-22

ZED Scheme - MSME

Zero Defect, Zero Effect (ZED) Scheme - All about the scheme

The Prime Minister of India, Shri Narendra Modi launched ZED Scheme for MSMEs on 18th October, 2016 at Ludhiana in Punjab. 

"Let's think about making our product which has 'zero defect'......... and 'zero effect' so that the manufacturing  does not have an adverse effect on our environment."  - Hon'ble Prime Minister Shri Narendra Modi.

ZED Scope
The Model shall be applicable for all sectors of manufacturing and services 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
Ecosystem
The ecosystem of ZED has dynamic systems & processes working in synergy with specific roles to play in the foreseeable future. The sector specific models are aligned with all 25 sectors under the Make in India initiative, to begin with. The Rating & Certification on the maturity assessment model is valid for a specified time period within which system of surveillance is inbuilt in the model.

The Model also envisages an award & reward system based on performance which may include both tangible and intangible benefits such as:
  • Motivation & Encouragement of MSMEs
  • Showcasing of high performing MSMEs
  • Success Stories
  • Benchmarking to International standards
It is essential for the ZED ecosystem to collaborate for:
  • Cooperative Agreements
  • Knowledge Sharing
  • Dissemination of information to foreign investor
The ZED Model will be propagated at various levels of the system to achieve:
  • Public procurement
  • Policy interventions / proposing policy solutions
  • Participate in Public & Private agenda settings
  • Initiate changes in Society
  • Facilitate public argumentation (journals, newsletters, blogs, online discussion forums, conclaves, seminars etc.)
Implementation Structure
ZED+scheme+implementation+structure

Benefits of ZED
  • Credible recognition of the industry for international customers seeking investment in India
  • Streamlined operations and lower costs
  • Superior quality, reduced rejection and higher revenues
  • Increased environmental & social benefits
  • Additional employment generation
  • Other benefits as announced by the Government from time to time
Source & Image Courtesy : www.zed.org.in
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