Indian Machine Tool Manufacturers' Association

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GIMT 2015


Govt Schemes

Development Commissioner (MSME), Government of India had announced various schemes for supporting Micro, Small, & Medium Enterprises. These schemes are aimed at Enterprise & Skill Development, Technology Upgradation, Cluster Development, Marketing etc.

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Brief details of the some of the schemes useful to machine tool manufacturers are as follows:

  • National Apprenticeship Promotion Scheme

Implementation of National Apprenticeship Promotion Scheme by Ministry of Skill Development and Entrepreneurship Directorate General of Training.

Government of India has approved 'National Apprenticeship Promotion Scheme' (NAPS) with target to provide apprenticeship training to 50 lakh youth by 2020. Under the scheme, Government of India will share 25% of prescribed stipend subject to a maximum of Rs 1500 per month per apprentice with the employers.

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  • Compendium of Support Schemes for Industry - April 2016

IMTMA has consolidated all the available schemes related to Technology development, R&D, Research etc and has released the Compendium of Support schemes for Industry in April 2016.

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  • Credit Linked capital Subsidy Scheme for Technology Upgradation

Scheme aims at facilitating Technology Upgradation of Micro and Small Enterprises by providing 15% capital subsidy (12% prior to 2005) on institutional finance availed by them for induction of well established and improved technology in approved sub-sectors/products.

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  • National manufacturing Competitiveness Programme (NMCP)

DC-MSME has drawn up Ten schemes including schemes for promotion of ICT, mini tool room, design clinics, Lean manufacturing and marketing support for SMEs. Implementation will be in the PPP model, and financing will be tied up during the course of the 11th Plan.

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  • Quality Upgradation/Environment management for small  scale sector through incentive for ISO 9000 /ISO 14001 /HACCP Certifications

The scheme envisages reimbursement of charges of acquiring ISO-9000/ISO - 14001/HACCP certicfications to the extent of 75% of the expenditure subject to a maximum of Rs. 75,000/ in each case.

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Indian Machine Tool Manufacturers’ Association; Head Office : 10th Mile, Tumkur Road, Madavara Post, Bengaluru, Karnataka (India) 562123; Regd. Office : Plant No.13, Extension Office, Godrej Campus, Vikroli East, Mumbai – 400079
CIN : U29290MH1973GAP016420; Tel : 91-80- 66246600; Email :; Contact in case of queries & grievances : V Anbu, CEO & Director General
(Please send all communications to Head Office)

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