MSME Registration
MSME stands for micro, small and medium enterprises, and these are the backbone of any developing economy as every nation is dependent on small and new business.
Investment In Plant & Machinery- manufacture or production, processing or preservation of goods
Micro 0-25 Lakh Small 25 Lakh- 5 Crore Medium 5 Crore- 10 Crore
Investment In Equipment- engaged in providing or rendering of services
Micro 0-10 Lakh Small 10 Lakh- 2 crore Medium 2 crore- 5 crore
Micro, small and medium enterprises (MSMEs) power India it had a major share in India’s total industrial value and exports, also as MSME relies more on labour than capital so they generate employment opportunities in cities & villages in India. To Promote same government has passed MSME Act and introduced various schemes and aids to ensure the MSME work hassle free and help in building economy. To obtain benefits under MSME Act, it is necessary to get registered under MSME Act.
Features
Bank Loan
Bank Loan is sanctioned at lower interest rate to MSME.
Tax Subsidy
Subsidies in Tax, Power tariff is given by many state government to MSME.
Government assistance
Government provided assistance for construction of industries in underdeveloped areas.
Promotion Polices
Government has put in place policies to promote MSME in India and has reserved three hundred fifty (350) items for purchase from MSMEs, under the Government Stores Purchase Program.
SEZs Allocation
As per guidelines, SEZs are required to allocate 10 per cent space for the small-scale units.
Featured Items
Government has categorically listed few items which only MSME can manufacture/produce like pickles, chutney, candles etc.
Documents Required for MSME Registration
- Aadhar Card of Entrepreneur
- Business Address Proof
- ID Proof of Promoters
- Constitution of Business
- Certificate of Registration/partnership Deed in case of company/firm
- MOA/AOA in case of companies
- Rent Deed in case of rental property
- Form 32 & Form 18 in case of company