MSME Registration
Small scale businesses plays crucial role in enhancing the economy of any country.
BENEFITS OF MSME REGISTRATIONS
- You can get the security loan under this MSME act for small businesses
- As some items are reserved to be manufactured by small scale businesses
- Once you are done getting your MSME certificate it get uncomplicated to get the other licenses , registration and approval. Hence will speed up your process.
- You also get consideration to take part in fairs,meets and exhibition you can also hold international seminars and conferences after that
- When you have MSME registration you get things done at lower price even the interest rate charged by banks are lower than normal rate
- If you are applying for the government tender you get other benefits too such as -tenders are issued free of cost ,they are excused from paying the earnest money
MSME/ESI Registration An Aoverview
Small scale businesses plays crucial role in enhancing the economy of any country. To encourage such businesses which are new and which are existing alreay the government of India has launched many schemes to help scale these businesses to sustain and grow. For availing these helpful schemes, you need to get your MSME registration done. MSME registration is also known as Udyog Aadhaar.
TYPES OF MSME REGISTRATIONS
- 1. Provisional MSME registration : for companies which are not yet functioning
- 2. Permanent MSME registration :for industries which are already functioning
MSME ELIGIBILITY: the 3 categories are
- Micro enterprise : with annual turnover of less than 5 crore.
- Small enterprise: with annual turnover of less than 50 crore
- Medium enterprise: with annual turnover of less than 250 crore.
Documents required to Register MSME
Documents Required
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