MSME- Udhyog Registration
MSME is Micro, Small and Medium Enterprise and it manufactures more than 6000 types of products in this industries and it contributes to 45% of India’s Total Industrial Employment, 50% of India’s Total Exports and 95% of all industrial units of the country (As per msme.gov.in). MSME falls under The Micro, Small And Medium Enterprises Development Act, 2006 (MSMED, Act 2006) launched by the Government of India for supporting the MSME by providing schemes, subsidies and incentives which seeks to facilitate the development of these enterprises and also enhance their competitiveness.
CLASSIFICATION OF MSME:
There are two classified version of MSME:
- The one who speculate in Plant and Machinery therefore the Manufacturers.
- The one who expend in Equipments, for instance the Service providers.
|Manufacturing Enterprises||Rs 25 Lakhs||Between Rupees 25 lakhs to rupees 5 Crores||Between Rupees 5 Crores to rupees 10 Crores|
|Service Enterprises||Less than Rs
|Between 10 lakhs to Rupees 2 Crores||Between 2 Crores to Rupees 5 Crores|
ENROLLMENT PROCESS THROUGH SMARTBIZGURU:
MSME registration can serve you many vital benefits and few of many are listed down here:
- Slashed out loan rates, i.e. just at 1 to 1.5% interest rate.
- Indemnity by offering rebates on taxes.
- Allowance of credit on Minimum Alternate Tax (MAT) which is carry forward for 15 years instead of 10 years.
- Easy accessibility on credits.
- Few of many Government tenders only for MSME.
- High preference for Government license and certification.
- Immunity of One Time Settlement fees for unpaid amounts of MSME.
DOCUMENTS FOR MSME ENROLLMENT:
- Business Address Proof.
- Copies of Sale Bill and Purchase Bill.
- Partnership Deed/ MOA and AOA.
- Copy of Licenses and Bills of Machinery Purchased.
MSME SCHEMES LAUNCHED BY GOVERNEMENT:
- Prime Minister Employment Generation Programme and Other Credit Support Schemes
- Development of Khadi, Village and Coir Industries
- Technology Upgradation and Quality Certification
- Marketing Promotion Schemes
- Entrepreneurship and skill Development Programme
- Infrastructure Development Programme
- Scheme of Surveys, Studies and Policy Research
- National SC-ST-HUB
- Scheme of Information, Education and Communication
Smartbizguru is here to guide you and serve you through entire process of MSME registration.
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