Big Relief for MSMEs: 80% Discount on Certification Fees, Deadline Extended by 3 Years
Latest
N
News18•20-01-2026, 18:14
Big Relief for MSMEs: 80% Discount on Certification Fees, Deadline Extended by 3 Years
- •The government is extending the deadline for discounts on quality certification fees for Micro, Small, and Medium Enterprises (MSMEs) by three years, pushing it beyond June 2026.
- •Micro-units will receive an 80% discount on fees, small enterprises 50%, and medium-sized companies 20%.
- •The Bureau of Indian Standards (BIS) submitted the proposal, which is expected to be approved soon.
- •Bharat Khera, Additional Secretary in the Ministry of Consumer Affairs, emphasized the need for India to prioritize quality in manufacturing to achieve its 'Developed India' vision.
- •Current ISO 9001 certification fees range from Rs 8,000 to Rs 50,000 for micro-companies, and up to Rs 5 lakh for large companies, with some certifications costing up to Rs 40 lakh.
Why It Matters: MSMEs get a 3-year extension on quality certification fee discounts, with up to 80% off for micro-units.
✦
More like this
Loading more articles...
