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Benefits

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Benefits

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Collateral Free loans from banks

The Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGS) was launched by the Government of India to make available collateral-free credit to the micro and small enterprise sector. Both the existing and the new enterprises are eligible to be covered under the scheme. The Ministry of Micro, Small and Medium Enterprises, Government of India and Small Industries Development Bank of India (SIDBI), established a Trust named Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) to implement the Credit Guarantee Fund Scheme for Micro and Small Enterprises.

Reservation policies to manufacturing / production sector

Reservation of items for exclusive manufacture in SSI sector statutorily provided for in the Industries (Development and Regulation) Act, 1951, has been one of the important policy measures for promoting this sector.

The Reservation Policy has two objectives

Registrations

It has made very easy for enterprises that are having MSME Certificate to obtain Licenses, approvals and registrations on any field for their business from the respective authorities as they can produce the Certificate of MSME Registration while making an application.

trade fairs

Under the International Cooperation Scheme, financial assistance is provided on a reimbursement basis to the State/Central Government organizations, industries/enterprises Associations and registered societies/trusts and organizations associated with MSME for deputation of MSME business delegation to
other countries for exploring new areas of MSMEs, participation by Indian MSMEs in international exhibitions, trade fairs, buyer-seller meet and for holding international conference and seminars which are in the interest of MSME sectors

Octroi benefits

The scheme of refund of octroi provided under the Package Scheme of Incentives, 1993 will be included in the new Scheme up to 31-3-2006 on the same pattern. Where account-based cess or other levy is charged instead of or in lieu of octroi, such change will also be eligible for a refund as in the case of octroi.

Waiver of Stamp Duty and Registration Fees

At present, IT units in public IT Parks are exempted from Stamp Duty and Registration fees up to 31st March 2006. Now all new industrial units having MSME Registration and expansions will be exempted from payment of Stamp Duty and Registration fees

Exemption under Direct Tax Laws

Enterprises that have MSME Registration can enjoy Direct Tax Exemption in the initial year of business, as mention in the scheme by Government and depending on business activity.

Counter Guarantee from Government of India through CGSTI

Enterprises that have MSME Registration are eligible for Counter Guarantee from Government of India through CGSTI.

Subsidy on NSIC Performance and Credit ratings

Enterprises that have MSME Registration can avail Subsidy on NSIC Performance and Credit ratings as mentioned in the scheme.

Eligible for IPS subsidy

Enterprises that have MSME Registration are eligible for Industrial Promotion Subsidy (IPS) as mentioned in the scheme.

Bar Code registration subsidy

Enterprises that have MSME Registration can avail Bar Code Registration subsidy as mentioned in the scheme.

Protection against delay in payment

The Ministry of Micro, Small and Medium Enterprises gives protection to MSME Registered Business against delay in payments from Buyers and right of interest on delayed payment through conciliation and arbitration and settlement of dispute be done in minimum time. If any micro or small enterprise that has MSME registration supplies any goods or services, then the buyer is required to make a payment on or before the date agreed upon between the buyer and the micro or small enterprise. In case there is no payment date on the agreement, then the buyer is required to make payment within fifteen days of acceptance of goods or services. Further, in any case, a payment due to a micro or small enterprise cannot exceed forty-five days from the day of acceptance or the day of deemed acceptance. In case of failure by the buyer to make a payment on time, the buyer is required to pay compound interest with monthly interest rests to the supplier on that amount from the agreed date of payment or fifteen days of acceptance of goods or service. The penal interest chargeable for delayed payment to a MSME enterprise is three times of the bank rate notified by the Reserve Bank of India.

Reduction in rate of Interest from banks

The rate of Interest for the enterprise that has MSME registration is lower as compared to other enterprises. Certain targets are set for banks’ lending to the Micro and Small Enterprises. The banks’ have to achieve a 20% growth in credit to micro and small enterprises and 10% annual growth in the number of micro-enterprises accounts and 60% of total lending to Micro and Small Enterprises sector.

The banks have to follow the following

15% CLCSS subsidy to purchase fully

The Ministry of Micro, Small and Medium Enterprises is operating a scheme namely “Credit Linked CGSTI Subsidy Scheme (CLCSS) for technology upgradation of Micro and Small Enterprises. The scheme was launched in October-2000 and revised from 29.9.2005. The revised scheme aims at facilitating technology upgradation of Micro and Small Enterprises (MSEs) by providing a 15% capital subsidy (limited to maximum Rs.15 lakhs) for the purchase of Plant & Machinery. The maximum limit of eligible loans for calculation of subsidy under the scheme is Rs.100 lakhs. Presently, more than 1500 well established/improved technologies under 51 sub-sectors have been approved under the Scheme.

Waiver in Security Deposit in Government

The Ministry of Micro, Small and Medium Enterprises gives following benefits to enterprises that have MSME Registration while making an application for Government Tenders:

Concession in electricity bills

Enterprises that have MSME Registration Certificate can avail Concession on electricity bill by making an application to the electricity department along with MSME Registration Certificate.

Reimbursement of ISO Certification

Enterprises that have MSME Registration Certificate can reimburse ISO Certificate Expenses by making an application to respective authority along with MSME

Excise Exemption Scheme

Enterprises that have MSME Registration can enjoy Excise Exemption in the initial year of business, as mention in the Excise Exemption scheme by Government and depending on business activity.

Preference in procuring Government

Enterprises that have MSME Registration have a preference in procuring government tenders. Special treatment is given to MSME Registered organization while making an application for government tenders.

P15% weightage in price Preference

Enterprises that have MSME Registration can avail 15% weightage in price Preference as mentioned:

1% exemption on interest rate on OD

Enterprises that have MSME Registration can avail the benefit of 1% exemption on the interest rate on OD as mentioned in the scheme.

50% subsidy for patent registration

Enterprises that have MSME Registration Certificate can avail 50% 50% subsidy for patent registration by making an application to respective authority.

What our Customers say about PSB

For me, the best learning experience comes from GLV. Right from counseling to placement, each and every stage is meticulously planned at GLV. Training provided is completely based on current trends in the domain. The classes are interactive which expanded my knowledge base. The trainers and management are very friendly. O got a very effective mentoring towards placement. Overall, I am very much happy and suggest others to join GLV courses.

Pruthvi

VLSI Engineer - II, Samsung

Dear GLV, I thank you wholeheartedly for giving me an effective training in physical design. My manager at Intel is very happy and appreciates my performance at the office. The VPN access grants were very helpful for me. The timely assistance from trainers and lab assistants over WhatsApp was of great help to me.

Mithali Raj

Junior VLSI Engineer, Intel

I am satisfied with the training and quality of trainers. It is a well -designed course with practical orientation.

Raj Kumar

VLSI Engineer - III, Synopsys

Training at GLV helped me comprehend the design tools at a professional level. I thank the GLV team for guiding me towards interviews which helped me to secure a job at Qualcomm.

Niharika

VLSI Engineer, Qualcomm

The course at GLV provided me actionable concepts leading me into a job which required immediate design task. I know how to implement the concepts because I already did it in the class.

Vanessa

Senior VLSI Engineer , UST Global

GLV ensured that the classes were more hands-on and thought-provoking. I thank the trainers and lab assistants for their commendable job which inspired me a lot.

Candace

VLSI Engineer - I, Pozibility

GLV provides an encouraging environment comprising of experienced trainers, lab assistants, VPN access, online assistance, mentorship at crucial times, soft skills training and pre-placement training. All these at a very cost-effective fee structure groomed me as a competent engineer.

Pruthvi

VLSI Engineer - II, Samsung

I obtained an online course in DFT. The live Q & A sessions were very effective. It gave a strong feeling of a live classroom. I recommend the students who are unable to join live classes to take up an online course to have a career in VLSI domain.

Mithali Raj

Junior VLSI Engineer, Intel

I did the training from GLV on Physical Design. The first month was dedicated to digital fundamentals, Linux and Shell scripting. The next for months was focused on physical design and STA. I had the hands-on experience of the synopsis and cadence tools. I thank the management, training team and the support staff for enabling me as a confident engineer.

Raj Kumar

VLSI Engineer - III, Synopsys

The energy and attitude of the trainers was the key to my success. I underwent training in Design Verification at GLV. The management’s vision towards fresh graduates was well-planned. The encouragement I obtained from the training team was note-worthy. I like to suggest the electronics graduates undergo training at GLV to have a successful career in VLSI.

Niharika

VLSI Engineer, Qualcomm

GLV is the best place to start a career in VLSI. The trainer who was working with a reputed semiconductor company gave real-time issues as assignments. This helped me a lot in cracking my first interview. I suggest GLV for all those who want to build a career in semiconductor design.

Vanessa

Senior VLSI Engineer , UST Global

During my fifth month of DFT training, I was selected into a product company. I express my deep gratitude to GLV which groomed me as an efficient professional.

Candace

VLSI Engineer - I, Pozibility

Frequently Asked Questions

What is the scope for a VLSI engineer?

The demand for the VLSI designers is quite high in order to develop System-on-chip and Application Specific Integrated Circuits. With the Indian market scenario looking good, the scope for a VLSI design professional is bound to grow and you will have a bright future.

Should I own a laptop for lab sessions?

Not necessary. Desktops will be provided in the lab. Having a laptop of your own will give you the freedom to work anywhere in the GLV premises.

What if I could not get placed after my course?

A one-month evaluation is done for you by GLV’s parent company engineers. Then a 5-month internship is provided with a good stipend amount. This will add weightage to your resume.

What tools are used in labs at GLV?

Though the concepts are more important than the selection of tools, we, at GLV make sure that the students are exposed to all industry-standard tools. This ensures the students adapt easily to any tool as soon as they are into a company.

Can I work on lab sessions even at home?

Yes. You will be given a VPN access to your laptop. You can connect to the GLV server remotely for the lab sessions. Only thing is you need high-speed internet connectivity to you laptop.

What after the internship for me?

By the time you finish your internship, you will be a potential candidate for any semiconductor company. GLV has partnered itself with many leading semiconductor companies including its parent company.

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