MSME Registration

Udyam/MSME Registration in all over India @ Just Rs. 5,00/-

Introduction:

An MSME is a registration obtains form from the Ministry of Micro, Small and Medium Enterprises and For promoting entrepreneurship, the government provides special benefits to small businesses in the form of schemes, grants, subsidies, and incentives. Also, banks give loans at concessional rates to set up these businesses. For availing of those, the small businesses need to register under the Micro, Small, and Medium Enterprises (MSMEs) act.

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Classification Micro, Small and Medium Enterprises:

Now, under the Aatmanirbhar Bharat Abhiyan, the government updates the MSME classification. The following are the new MSME classification:

Benefit of MSME Registration:

1) Collateral Free Loans from banks.

2) Protection against delay in payment.

3) Reservation policies to the manufacturing/production sector.

4) Very easy to get licenses, approvals, and registrations.

5) Special consideration on international trade affairs.

6) Waiver in Security Deposit in Government.

7) Concession in electricity bills.

8) Reimbursement of ISO Certificate.

9) Subsidy on NSIC Performance and credit ratings.

10) Counter Guarantee from the government of India through CGST.

11) Credit for minimum alternate tax (MAT) to be carried forward for up to 15 years instead of 10 years.

12) Fast resolution of Disputes.

Documents and details required for MSME Registration:

1) Applicant Aadhaar card soft copy

02)  Applicant Mobile No.

03) Applicant PAN card soft copy

04) Applicant Email ID

05) Bank Name

06) Name of Enterprise

07) Enterprise Address

08) Date of Incorporation/registration

09) PAN No of Enterprise (If any)

10) Number of persons employed

11) Investment in Plant and Machinery or Equipment