Vedanta rolls out lucrative scheme for MSMEs

Chandigarh, June 28: Vedanta Limited, India’s leading producer of metals and oil & gas, has rolled out an attractive promotional scheme for Micro, Small, and Medium Enterprises (MSMEs) in the manufacturing industry in celebration of World MSME Week. Under the company’s Vedanta Saathi program, MSMEs can avail of a discount of INR 500 per tonne on the first 500 tonnes of purchase in Aluminium, Zinc, Lead, Silver, Steel, and Pig Iron, on a 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 of the scheme and get full details, interested MSMEs can register on the Vedanta Saathi website (www.vedantasaathi.com) and send an inquiry to saathi@vedanta.co.in, following which Vedanta’s sales teams will reach out to them.

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 programs.

Speaking about Vedanta Saathi, Mr. Ajay Kapur, CEO – Aluminium & Power, and MD – Commercial, Vedanta Ltd., said, “Under Vedanta Saathi, we have developed various initiatives that can help MSMEs accelerate this growth journey.”

To date, more than 150 MSMEs customers have availed channel financing to access a credit limit of ~INR 1000 Cr by leading banks and NBFCs. Vedanta is committed to growing this limit by 5x for MSME customers, adding more banks and NBFCs to its fold.