Vedanta rolls out scheme for MSMEs under ‘Saathi’ programme
Vedanta Limited, India’s leading producer of metals and oil and gas, has rolled out an attractive promotional scheme for Micro, Small and Medium Enterprises (MSMEs) in the manufacturing industry in celebration of the World MSME Week. Under the company’s Vedanta Saathi programme, MSMEs can avail a discount of Rs500 per tonne on the first 500 tonnes of purchase in Aluminium, Zinc, Lead, Silver, Steel and Pig Iron, on first come first served basis. The scheme will be live for this week, ending on 3rd July, 2021.
For eligibility, MSMEs must have manufacturing operations in the metals business, with an actual manufacturing setup and must possess Udyog Aadhaar Number (UAN) and Registration Certificate. To avail the scheme and get full details, interested MSMEs can register on the Vedanta Saathi website.
With a significant MSME customer and supplier base, Vedanta has been fostering the MSME ecosystem for over two decades through its expansive value-chain, supply-chain, and social-developmental programmes. Under Vedanta Saathi programme, the company offers various schemes, incentives, and opportunities for MSMEs
Speaking about Vedanta Saathi, Ajay Kapur, CEO – Aluminium & Power and MD – Commercial, Vedanta Ltd., said, “Post pandemic, we have been seeing significant restructuring in the global supply chain, as companies look to diversify their supply and service networks. This offers our MSMEs a huge opportunity to tap into the new markets with access to new-age technologies, opportunities to upskill, and quality raw materials. Besides getting integrated into these global supply chains, it will also improve MSME’s share of contribution to GDP which stands at only 7% now. Under Vedanta Saathi we have developed various initiatives that can help MSMEs accelerate this growth journey.”
Till date, more than 150 MSMEs customers have availed channel financing to access a credit limit of ~Rs 1000 crore by leading banks and NBFCs. Vedanta is committed to grow this limit by 5x for MSME customers, adding more banks and NBFCs to its fold.
The company’s upcoming e-commerce offerings shall offer significant advantages for MSMEs like live pricing options, direct buy access to a diverse product portfolio with no bar on quantity, as well as easy delivery tracking and micro-logistics.
Vedanta also offers a ready community of industry associations, technical experts, and research institutes for collaboration with MSMEs to engineer new products, product applications and new markets for those applications, helping upskill MSMEs to match global standards. The company has dedicated teams to cater to customers’ requirements in quality, product application and engineering.