MSME REGISTRATION
Rs1,999.00
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ADVANTAGE & BENIFITS

Easy Bank Loan up to 1 Crore without collateral / mortgage

The Govt. of India and SIDBI has launched a Credit Guarantee Scheme (CGSME) to make available collateral-free credit to SMEs.

Protection against the delay in payment from Buyers

Maximum period for payment for purchases from MSME shall not exceed 45 days, in case of delay, the buyer is liable to pay interest to the SME supplier, at 3 times of the bank rate.

1% exemption on interest rate on Bank Over draft (OD)

Enterprises that have MSME Registration can avail benefit of 1% exemption on interest rate on over draft (OD).

Concession in Electricity bills

Enterprises that have MSME Registration Certificate can avail Concession on electricity bill by making application to electricity department.

Tax Rebates

MSME / SSI registered businesses enjoy multiple income taxes and capital gains tax subsidies from the government.

Preference in procuring Government tenders

The Government of India gives special preference in buying from Micro and Small businesses through Govt. tenders.

DOCUMENTS REQUIRED FOR MSME

ID Proof

Scanned copy of PAN Card of all directors and Voter ID/ Passport/ Driving License

Address Proof

Latest Bank statement/ Utility bill in the name of director which should not be older than two months

Registered Business Proof

Partnership business would have to submit a copy of the partnership deed and registration certificate (if registered). A company might have to submit a copy of their AoA and MoA. Also, the copy of the general meeting resolution and board meeting resolution that authorises the director to sign the MSME application might have to be attached.

Bills and licenses

Copies of the sale bills of all the finished goods and purchase bills of all raw materials of the business will have to be submitted. Additionally, bills related to the purchase and installation of plant and machinery and copies of the company’s industrial licensing (if applicable) might have to be submitted.

WHAT DO YOU GET

Memorandum

Udyog Aadhaar Memorandum issued by the MSME authority

Acknowledgement

An acknowledgement slip with payment details

QUESTIONS & ANSWERS

What is MSME?

MSME meaning Micro Small and Medium Enterprisesas defined under MSME development Act 2006.

What is MSME Registration?

MSME registration is the procedure to get your firm registered under MSME development Act for SME benefits.

What is the difference between MSME, SSI & Udyog Aadhar?

There is no difference between MSME, SSI & Udyog Aadhar. There are all one and the same.

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