IIT-BHU signs MoU with MSME Ministry

 

Varanasi: The IIT (BHU) has signed a memorandum of understanding (MoU) with the ministry of micro, small and medium enterprise (MSME) to provide design expertise to manufacturing MSME sector under Credit Linked Capital Subsidy and Technology Up-gradation Scheme (CLCS-TUS).

According to Dr. Mohd Zaheer Khan Yusufzai of the department of Mechanical Engineering, IIT(BHU), the institute has been incorporated as one of the implementation agencies and would facilitate the smooth running of this scheme, which would be implemented through the office of the Development Commissioner (MSME).

He said that the goal is to help MSME manufacturing industries move up the value chain by switching the production mode from original equipment manufacturing to original design manufacturing and hence original brand manufacturing, and enhance strategic design application among MSMEs for improving the manufacturing competitiveness through well design and quality. The main objective of this scheme is to bring Indian manufacturing sector and design expertise/fraternity on to a common platform and provide expert advice and cost-effective solution on real time design problems, resulting in new product development, continuous improvement and value addition for existing products including new products.

He said that the IIT-BHU would assist the MSMEs by providing them with the best possible design expertise present in the country. It would help the MSMEs to solve their design problems, improve quality of their existing products and convert their innovative ideas into new and marketable products.

The MSMEs can approach the ministry through IIT-BHU for funding these design projects where funding up to Rs. 15 lacks can be provided by the ministry and only 25% has to be provided by the enterprise interested in that project. The institute would also help the MSME in preparing the projects proposal.

He said that another interesting part of the scheme is the ‘students design project’ where the manufacturing industries can take the services of students from IIT-BHU to solve their design problems and develop innovative products. A funding of Rs 1.5 lacks would be provided by the ministry (with 25% fund provided by the MSME).

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