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The Micro, Small and Medium Enterprises are considered as a very significant piece of
India’s legacy economic model and a part of the critical supply chain for products and
services. This sector is the job creator as well as play a crucial role in providing large-scale
employment and industrialization of rural and backward areas. In 2015-2016, according to
the National Sample Survey (NSS) 73rd round, there were around 633.8 lakh unincorporated
non-agriculture enterprises in the country which are dealing in different economic activities
providing employment to 11.10 crore workers.
Although getting MSME online registration is not mandatory but it is always suggested to
small and medium enterprises to get it done it provides a variety of benefits. Benefits such as
rate of interest charged would be very less, tax subsidies, capital investment subsidies and
much other support from the government sector.
Application Preparation
You just need to fill our simple msme regisstration form which would ask about your basic
information. In case of ssi registration, a ssi
ssi registration form will be filled. This would be required while filing your application with
the department.
START
Preparation of Documents
According to the details provided to us, we will draft your documentation accordingly.
1-2 WORKING DAYS
Going further, we will file your application along with the required documents to MSME
registrar. Before submission, our expert will verify your documents properly.
2 WORKING DAYS
Your work is now completed
Once the SSI/MSME application is approved and your MSME certificate/SSI certificate is
issued, we shall send it to you via email and courier.
Congratulations
The benefits of MSME registration include priority sector lending, power tariff subsidies,
capital investment subsidies and excise and direct tax exemptions. Following are the
conditions which need to be fulfilled to qualify under MSME Act.
All the manufacturing enterprises which have invested less than 10 crores in
machinery and plant are allowed to be registered as MSME.
In service enterprises, the investment in plant and machinery should not be more than
5 crores.
And in near future, if your enterprise exceeds the maximum limit, then it will not sum
up as MSME.
Small Enterprises
In small manufacturing enterprises, the investment should be in between Rs. 25 lakh and Rs.
5 crores in plant and machinery, while in small service enterprises this investment limits
between Rs. 10 lakh and Rs. 2 crores.
Medium Enterprises
And if we’ll talk about the Medium manufacturing enterprises, then the investment should be
in between Rs. 5 crore and Rs. 10 crores in plant and machinery, and for small service
enterprises it should be in between Rs. 2 crore and Rs. 5 crores.
Cheaper bank loans : The rate of interest on loan offered to MSMEs is 1-1.5% lower
compared to typical business loan interest.
Easy access to credit : PM Modi has introduced the Mudhra Loan scheme, which
provides loans to MSME / SSI without collaterals.
Quicker approvals from state and central government bodies: Business registered
under MSME are given higher preference in terms of government license and certification.
Tax rebates : MSME / SSI registered businesses enjoy multiple income taxes and
capital gains tax subsidies from the government.
Cheaper infrastructure : Charges are lower for MSME registered company for
facilities such as electricity and VAT exemptions. In fact, other business services such as
patents are also cheaper for MSMEs.
Access to tenders : There are multiple government tenders which are open only to
MSMEs to promote small business participation in the India.