Friday, March 8, 2019

MSME Registrations

What is MSME Registration?



MSME stands for micro, small and medium enterprises and any enterprise that falls below any of those 3 classes. MSME enterprises are the backbone of any economy and are an engine of economic process, promoting just development for all. Therefore, to support and promote MSMEs, the govt of india through numerous subsidies, schemes and incentives promote MSMEs through the MSMED Act. To avail the advantages below the MSMED Act from Central or state government and also the Banking Sector, MSME Registration is needed.
Micro, small and Medium sized enterprises in each the producing and service sector will acquire MSME Registration below the MSMED Act. tho' the MSME registration isn't statutory, it's helpful for business at it provides a spread of advantages like eligibility for lower rates of interest, excise exemption scheme, tax subsidies, power tariff subsidies, capital investment subsidies and different support. IndiaFilings will facilitate your business acquire MSME Registration to avail a bunch of advantages.
There are small and medium enterprises that represent SSI/MSME class. MSME stands for micro, small and Medium enterprises. Being the backbone of associate economy sector, MSME enterprises acts as associate engine that helps within the growth of the economy and promoting just development. Therefore, to support and promote MSMEs, the govt of india through numerous subsidies, schemes and incentives promote MSMEs through the MSMED Act. To use all the advantages that are offered below MSME act, the enterprise ought to be registered as MSME with the involved department

 ONLINE REGISTRATION

What entities are eligible for MSME / SSI Registration?

Micro Enterprises: Which Micro manufacturing Unite  have investment of less than Rs. 25 lakh in plant and machinery, while micro service enterprises have less than Rs. 10 lakh invested in equipment.

Small Enterprises: Small manufacturing Unite may have between Rs. 25 lakh and Rs. 5 crore invested in plant and machinery, while small service enterprises may have between Rs. 10 lakh and Rs. 2 crore invested in equipment.

Medium Enterprises: Medium manufacturing Unite may have between Rs. 5 crore and Rs. 10 crore invested in plant and machinery, while small service enterprises may have between Rs. 2 crore and Rs. 5 crore invested in equipment.

For manufacturing entities, however, land and building cannot be counted toward the total investment. Also, the original cost of the equipment and plant and machinery is taken into account; depreciation cannot be factored in. Any business entity may apply, be it a partnership or a company. Sole proprietors may also apply.

Is MSME/Udyog Aadhar Registration is Mandatory?

The MSME/Udyog Aadhar Registration is only needed to avail of benefits, subsidies provided by government to small scale industries and service providers time to time. It is absolutely voluntary. However, as it is a fairly easy registration to get quickly (provided you have a manufacturing plant or a commercial space where you render services), many business opt for it over other registrations.

How Can You Get Support From US ?

We can help your business obtain MSME Registration to avail a host of benefits. MSME registration  can be done through us in your city.

1.Step One:  You need to fill up the form

2. Step two :  Send Supporting Document To us By mail or WhatsApp

3.Step Three : You need to make payment and send payment slip to us for next process

Click Here For Registration

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