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Sunday, 7 June 2020

MSME full form - Benefits of MSME Scheme - MSME Registration

What is MSME- Benefits of MSME Scheme - Kiya hai MSME - Registration



What is MSME- Benefits of MSME Scheme - kiya hai MSME - Registration



Definition of MSME - Today we will talk about the MSME scheme in INDIA. MSME scheme has been started to promote small and micro industries, under which many small industries benefit. The Government of India has launched several MSME schemes to promote small scale industries business


which can be availed through MSME registration.


There are many government schemes that cannot be availed without registering MSME, so it is very important to get it done. After reading this article, you will be able to know what is the MSME scheme and how can we register it and what are the benefits of this scheme.


What is MSME registration - full form MSME



Micro, Small and Medium Enterprise (MSME) registration is a government registration administered by the Ministry of Micro, Small and Medium Enterprises. This registration is for those businesses which come in small, micro or medium class industries and it has been classified by the Ministry under which if a business is registered in it then it gets many government benefits.





ENTERPRISES MSME
Enterprises
Enterprise Manufacturing Sector
(Investment in plant &
machinery) construction area
(Investment in plant and machinery)
Service sector
(Investment in instruments)
Service Sector (Investment in Equipment)
Micro does not exceed twenty-five lakh rupees does not exceed ten million rupees
MICRO MSME
Does not exceed twenty-five lakh rupees in Micro MSME
does not exceed ten million rupees in Micro MSME
SMALL MSME
From twenty-five lakh rupees
More but five
Not more than crore rupees in Small MSME
More than ten million rupees
Not more than two crore rupees in Small MSME
MEDIUM MSME
More than five crore rupees
But from ten crores of rupees
No more in Medium MSME
More than two crore rupees
But from five crores of rupees
No more Medium MSME


What is MSME Registration - MSME registration


As you can see in the MSME table above, the government has classified MSMEs according to their turnover and category. As you can see there are two different sectors which are manufacturing and service sector under which a business can be registered. Through MSME registration, the government will be able to know how many small industries are running in our country and to give better rules and benefits for them, the government registers these.



Now the process of MSME registration has been changed, now MSME registration can also be done online, for that you will have to register the industry base. You can get the industry Aadhaar registration of your company, partnership firm, LLP firm but they should be business registered like Partnership firm registration for partnership firm.

Udyog Aadhaar is a unique 12 digit number allotted by the Ministry of Micro, Small and Medium Enterprises which is received after Udyog Aadhar registration. After getting it, you will be able to take advantage of government schemes.

MSME register for this, you have to go to the official website of Udyog Aadhaar and fill the Uadhar Aadhaar memorandum on that. And while filling it, all the necessary information has to be written in it like trade proof, address proof, mobile number, email id, bank details, etc. After filling the form, you will get the industry Aadhaar certificate, that will also be your MSME certificate.



What are the advantages of MSME?

Following are the advantages of MSME registration-


  • After MSME registration, you will be able to get a loan easily, at a lower interest like you can take advantage of the MUDRA scheme under which the loan will be available easily.



  • After MSME registration, your COST will reduce as there are various schemes which provide subsidy to the manufacturer. GST is also being exempted and you will get many tax benefits as well.

After receiving it, you can participate in the foreign expo and you will get the subsidy from the government for this.

After MSME registration, you will be able to take advantage of many government schemes and the government will also give you subsidy under many schemes. Without MSME registration you will not be able to take advantage of government schemes in which MSME registration is mandatory.


The conclusion

As you can see in the article above, how important MSME registration is in today's time because without it you will be deprived of many schemes of the government, so if your business can register for MSME, then make it necessary, MSME has been classified above, so make MSME registration of your business accordingly, as you can see that nowadays MSME registration can also be done online. If you have any comment or suggestion please share with us.


MSME for more information download PDF file


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