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by Rajen Kumar

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Apr 2012

EMRC, Brussels Associates with SME WORLD as its New Media Partner

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Government Schemes

Financial Assistance For Use of Bar-Code

SME WORLD Bureau
Jun 2010

Objective

The basic objective of financial assistance is to enhance the Marketing competitiveness of Micro & Small Enterprises (MSEs) by way of:

Providing 75% of one time registration fee and annual recurring fee (for first three years) paid by MSEs to GS1 India.
Popularising the adoption of bar codes on large scale amongst MSEs, and
Motivating and encouraging MSEs for use of bar codes through conducting seminars on Bar Code, etc.

Eligibility

Those MSEs who have Entrepreneurial Memorandum Part- II acknowledgement number from Directorate of Industries/ District Industries Centers and also have registration with GS1 India for use of Bar Codes are eligible for 75% reimbursement of one-time registration fee and annual recurring fee (for first three years) paid by them to GS1 India.

Bar-Codes and Their Benefits

Bar codes are the series of black lines and white spaces printed on product packages or attached as tags which you would have noticed on consumer products. Information on a product or a consignment like its item code or serial number, expiry date, consignor/ consignee etc., can be represented through such bar codes. When these bar codes are scanned using a scanner, it enables instantaneous data capture with 100% accuracy and at great speeds.

Bar Coding can have a significant impact on the success of any enterprise/ company and organisation. Timely and accurate capture of product information and its communication electronically across the Supply Chain ahead of physical product flow is critical to lowering inventory costs, in accurate sales forecasting & dynamic production scheduling and in product track and trace.

Bar Coding not only facilitates the exchange of information between buyers and sellers, but also provides the potential for better visibility and sharing of information across an entire Supply Chain. Other benefits are-

œ Automated data capture with 100% accuracy,

œ Real time stock management of raw materials and finished goods

œ Fast and error free data recording on product/ consignment movement

œ Easy integration with existing software, if any

œ In compliance with growing requirements of leading national markets

œ In line with requirements of international retailers &

œ Also gives international look and feel.

GS1 India, an autonomous body under Ministry of Commerce & Industry is a solution provider for registration for use of Bar Coding. To become a subscriber of GS1 India, all one has to do is fill up the subscription enquiry or registration form and make the necessary payments as registration fee.

Financial Assistance

Under SSI-MDA scheme, the financial assistance is provided towards 75% reimbursement of only one-time registration fee paid by MSEs w.e.f. Ist January, 2002. Considering the difficulty of MSEs to meet the liability of the payment of annual recurring fee, 75% annual recurring fee (for first three years) is also reimbursed to MSEs under NMCP scheme -Marketing Assistance/ Support to MSMEs (Bar Code) w.e.f. 1June, 2007.

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