MSME Registration
Small-scale businesses play a crucial role in the improvement of the economy of any country. The Government of India has launched several schemes to help small and medium-scale enterprises to sustain and grow. To avail of all the benefits schemes, you must complete your MSME registration. You can get the registration done by hiring MSME Registration Services to ask the experts who are well trained to do everything. The registration is also known as Udyog aadhar or SSI registration.
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MSME Registration benefits
Some of the significant benefits of registering MSME are mentioned here
- You can get a collateral-free loan from the bank per micro and small businesses credit guarantee fund scheme.
- Some items have been earmarked to be manufactured only by small-scale enterprises.
- Getting license registrations and approvals for anything is easy once you get the MSME certificate for the micro-enterprise. Once you get a certificate for the MSME, the applications will speed up the process.
- The interest rate charged by the banks for MSME registered enterprises is low compared to the average interest rate.
- You can get special consideration for participating in international trade fair exhibitions and buyer-seller meets. You can also hold international seminars and conferences in the MSME industry’s interest.
- To promote technological growth among the micro industries, a CLASS scheme was introduced, which provides a 15% capital subsidy up to 15,00,000 for purchasing any plant and machinery.
Documents required for MSME Registration
Aadhar card of the applicants
PAN Card of the applicant
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Different types of MSME registration
The Udyam Registration Services include various types of MSME registrations, and some of them are mentioned here:
Provisional MSME registration
It is given to companies which are yet to start functioning. With professional registration, you can get facilities for accommodation, land, etc. You can also obtain essential approvals and nocs. At the same time, you can get clearances from regulatory bodies like the pollution Control Board and labour regulations. The provisional registration certificate is allotted to a new company without any field inquiry and would be valid for five years.
Permanent MSME registration
The permanent MSME registration is given today to industrial units ready for functioning. All the benefits would be available to MSMEs, which they can avail. Some of the conditions that must be met for permanent registration include the following.
- The unit should be obtained statutory and administrative clearance would be required.
- The unit does not violate any regulations.
- The value of the plant and machinery in the unit will not go beyond the prescribed limit.
- There should be proof that the enterprise is not owned, a subsidiary, or even controlled by another industry.
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