Micro, Small and Medium Enterprises( MSME) Process and Advantages of MSME certification in India
lifetime validity -beneficial for all new & existing businesses -hassle-free services. msme or udyog aadhaar certificate -easy process - within one day certificate. Advantages of MSME certification in India: Collateral Free loans from banks: Reservation policies to manufacturing / production sector: Very easy to get Licenses, approvals and registrations: Special consideration on international trade fairs: Waiver of Stamp Duty and Registration Fees: Exemption under Direct Tax Laws: Bar Code registration subsidy: Subsidy on NSIC Performance and Credit ratings: Eligible for IPS subsidy Counter Guarantee from Government of India through CGSTI Protection against delay in payment Reduction in rate of Interest from banks 15% CLCSS subsidy Waiver in Security Deposit in Government Concession in electricity bills: Reimbursement of ISO Certification Excise Exemption Scheme Preference in procuring Government Tenders 15% weightage in price Preference: 1% exemption on the interest rate on OD 50% subsidy for patent registration Overdraft Interest Rate Exemption. Industrial Promotion Subsidy Eligibility. Protection against Payments (Delayed Payments) Fewer Electricity Bills. ISO Certification Charges Reimbursement.
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FAQ:
What is MSME? MSME is the short form for Micro Small Medium Enterprises. Curently the ministry of MSME is distributing the certificate in the name of Udyog Aadhaar registration. Ther is an ACT called as MSMED Act, also Micro, Small and Medium Enterprises Development Act, 2006 for the growth of the small business upto the investment for 10 crores in manufacturing sector and 5 crores in case of service industries. There are major benefits is been scheduled for the businesses in India to enjoy by registering their business with Udyog Aadhaar by MSME department. What is Udyog Aadhaar Registration or Udyog Aadhaar certificate ? In 2015, MSME department changed the name of the MSME certificate as Udyog Aadhaar certificate with the unique reference number of UAN number. So the MSME certificate and Udyog Aadhaar certificate are same. What are the documents required for MSME online Registration? Simply fill the form and attach Aadhaar card which is enough to register and get MSME certificate. Is Aadhaar Number mandatory for MSME Registration? Yes, Aadhaar number is mandatory for doing online MSME registration. Does new and existing business can apply for MSME registration? Yes, both new and existing business can apply for MSME registration and get the certificate.