MSMR REGISTRATION
@ Rs. 499/-
Rs. 9999
omplete Hassle Free Online Procedure. Dedicated MSME Advisor . Free Consultancy. 24*7 Support.
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HERE'S HOW IT WORKS
1. Fill Form
Simply fill the above form
to get started.
2. Call to discuss
Our MSME Expert will connect with you & advice on documents.
3. MSME Certificate
Get your MSME
Certificate
What is MSME?
The Ministry of Micro, Small and Medium Enterprises, a branch of the Government of India, is the apex executive body for the formulation and administration of rules, regulations and laws relating to micro, small and medium enterprises in India.
Who can be MSME ?
Definitions of Micro, Small & Medium Enterprises in accordance with the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are classified in two Classes:
A. Manufacturing Enterprises:
The enterprises engaged in the manufacture or production of goods pertaining to any industry specified in the first schedule to the industries (Development and regulation) Act, 1951) or employing plant and machinery in the process of value addition to the final product having a distinct name or character or use.
Service Enterprises:
The enterprises engaged in providing or rendering of services. As per the ‘Atmanirbhar Bharat’ scheme announced and after further amendments: Classification of Micro, Small & Medium is based on Twin criteria of “Turnover” and “Investment in Plant & Machinery or Equipment” No Separate limit for Manufacturing and Service Enterprise New criteria is set to bring more enterprises under MSME definition
New Definition of MSME as on 1st June 2020
CLASSIFICATION
MICRO
SMALL
MEDIUM
BENEFITS OF MSME REGISTRATION
Collateral Free Loans
The Credit Guarantee Fund Scheme (CGS) for Micro and Small Enterprises was launched by the GOI to make available collateral-free credit to the micro and small enterprise sector. Both the existing and the new enterprises are eligible to be covered under the scheme. The Ministry of Micro, Small and Medium Enterprises, Government of India and Small Industries Development Bank of India (SIDBI), established a Trust named Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) to implement the Credit Guarantee Fund Scheme for Micro and Small Enterprises.
Interest Subvention
RBI vide circular No. RBI/2018-19/125 dated 21st February 2019 provided for 2% interest subvention for all GST registered MSMEs, on fresh or incremental loans. All working capital or term loan would be eligible for coverage to the extent of ₹1.00 lakh only during the period of the Scheme.
Protection against Delayed Payments
Micro and small enterprises are protected against delayed payment beyond 45 days of acceptance or deemed acceptance of goods or services. They are eligible for an interest upto 3 times of bank rate notified by the RBI in case of delayed payments. Mandatory reporting in Tax Audit Report for disallowance of Interest on delayed payments. In case of Company, Schedule III specifies the details relating to Unpaid Principal, Interest paid, due to be paid, Unpaid etc to be disclosed. Also required to file half yearly return to Ministry of Corporate affairs (MCA) stating the amount due and reasons for such delay.
Credit Linked Capital Subsidy Scheme
In order to provide competitiveness, MSME are encouraged to invest in new technology with benefit of subsidies on purchase of new plant & machinery or equipments.
Lower Interest
MSME enjoys lower rate of interest of 1-1.5% as compared to other regular enterprises.
Incubation
MSME gets 75-80% of the project cost from government where it is involved in the implementation of new or innovative designs, ideas or product.
Subsidized Electricity
The concession is allowed to all the enterprises that make application to department of electricity along with Certificate of MSME.
Patent Registration
In order to encourage MSME to patent their products, financial assistance/ subsidy is given on Patent registration.
Waiver of Stamp duty & Registration Fees
All new industrial units having MSME Registration and expansions will be exempted from payment of Stamp Duty and Registration fees.