Haryana to give financial assistance to MSMEs for patents


Haryana government has launched a scheme to grant financial assistance of up to Rs 25 lakh to micro, small and medium enterprises (MSME) for registration of patents for products and processes.

Under this scheme, the government has made provision for grant of financial assistance on grant of patent registration with the objective of securing the rights of enterprises over their traditional product or process. Under this, reimbursement of 50 % of the actual expenses, including filing, consultancy, search and maintenance fee, would be granted, subject to a maximum of Rs 25 lakh for both domestic and international patent registration.
So let’s do:
1. Name the state, which has launched a scheme to grant financial assistance of up to Rs 25 lakh to (MSME)?
2. Expand the term MSME ?
Source – The Hindu


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