In a country like India, MSME plays an critical role for the social growth and economic development of the country. MSME in India also in acts a major contribution towards producing, transport, jobs, and enterprise units in India. In India, the MSME industry is also popularly known as the Small Scale Industry (SSI).
India has mainly three types of enterprise- micro, small and medium.
A micro enterprise can earn upto 25lakhs and their revenue can’t exceed 2-5crore.
A small enterprise can earn upto 5crore and revenue would not exceed 10crore.
A medium enterprise is eligible for income of 10corre but revenue could not cross from 50crore.
Advantages of MSME Registration
Convenience:- every business requires funds to set up,even a single penny makes a huge difference. Getting a loan from MSME is very easy and simple and is less time taking than other providers. Getting a loan from MSME only takes 24hrs.
Full- Control:- the entrepreneurs want to have full control on their business. Register to MSME to get a loan easily and manage your business.
Interest Rates Reduction:- the more money you need the more benefits you get. Through their low interest rates, MSME loans ensure that only the minimum amount is expended on repaying the loan and that the remainder is available for other business needs.
Permitting Priorities:- if it is a small company then the only document required for identity will be aadhar card and it is a medium or large enterprise then GST and PAN card details will be required.
Address proof for business identification
Photocopy of enterprise license
Purchasing bill & receipt on machinery
Bill receipt of purchase and sales
Copy of Aadhar card and PAN card
Bank details:account number, IFSC code, NIC code
Record of no. of employees
Date for commencement of business
If business is in partnership then give a partnership deed
Some other documents like (moa)memorandum of association, (aoa)articles of association, incorporation certificate, copy of resolution passed in company and a board resolution copy approving the sign of MSME application.
Process of MSME Registration
Step1:-Visit our web page Udyam Registration then on the home page you will easily get the MSME registration page.
Step2:Read the instructions given on the page carefully to avoid mistakes.
Step3:- fill the details regarding your personal and contact info.
Step4:-Select your type of business, give details about your enterprise and your employees.
Step5:- Upload photo of your aadhar card.
Step6:- Agree to the terms and conditions of our site and click “submit application”.
We are a team of private consultants offering online MSME/Udyam Registration process-related services under one roof. In terms of tax and legal consequences, we have a clear understanding. We direct and assist the small-medium company in securing work for legal business registration. Each type of business organization requires careful guidance to ensure that the right type of company is set up.
And we're here for them to help. For any questions, call us at + 914847110180.
For all their legal and technical needs, we concentrate solely on providing individuals and companies with one-click service.
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