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MSME denotes Micro Small and Medium Enterprises. As we know, small scale industries not just aid in the progress of an individual or a startup team, it contributes to an overall growth of the economy of the country. That is exactly why the central government has come up with a number of schemes and facilities to encourage and empower these industries. Any industry conforming to the policies and regulations under MSME has access to a number of monetary and promotional benefits by the state and central government.
Where can I get my Firm Registered as an MSME?
MSME registration has recently been replaced by Udyam Registration. So, it can be applied online only through the Udyam registration portal. It is also known as Udyog Aadhar. There is an application for Udyam Registration on the portal that has to be filled and submitted. A reference number will be sent after the successful submission of the form. The MSME certificate will appear on the screen which can later be downloaded and printed.
What are the perks of MSME Registration?
Though MSME registration is not a mandatory requirement, it is essential to reap the following benefits from the central and state government.
- Easy availability of bank loans for small scale industries
- Very low rate of interest
- Access to various government schemes that offer less subsidy
- Access to trade fairs and exhibits
- One time registration for any number of branches in any city
- Licenses, approvals and registrations with MSME certificate can be available easily.
MSME Registration Eligibility
The Micro, small, medium firms with an investment of over 1 crore, 10 crores and 50 crores and an annual turn- over of 5 crores, 50 crores and 250 crores respectively are eligible to apply for an MSME registration in South India.All you need to register are a copy of PAN card and Aadhar card to get your enterprise registered under MSME. How simple is that! So, stop waiting for the right time and seize the moment with help of a smart panel of advisors from SV Consultant, right now.
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