GRSE Accelerated Innovation Nurturing Scheme

About GRSE Accelerated Innovation Nurturing Scheme:

• It is an innovative scheme which seeks solutions to the problems related to the shipyards and promotes technology development using the start-ups created and nurtured in the country.
• It encourages and enables MSMEs and Start-Ups to develop innovative solutions for further technological advancement. It will give a new dimension to the future of Indian defence and with technological advancements and dedication it will enhance the strength of our armed forces and enhance maritime security.
• It is a unique national scheme to encourage and enable MSMEs and Start-Ups to develop innovative solutions that GRSE may incorporate for further technological advancement.
• The aim is to leverage the vast eco-system of MSMEs and Start-Ups to address present and emerging challenges in the ship design and construction industry, while achieving the objectives of Atmanirbharta.
• This initiative is in keeping with the ‘Make in India’ and ‘Start-up India’ policies of the Government of India.

Q1: Who qualifies as MSME in India?

A proprietorship, partnership firm, company, trust or society with an investment below Rs. 50 crore and annual turnover below Rs. 250 crores are eligible for MSME registration.

Source: Raksha Rajya Mantri Shri Sanjay Seth launches GRSE Accelerated Innovation Nurturing Scheme (GAINS 2024)