Introduction to MSMEs
In the past few years, there is rapid growth in an entrepreneurial culture. Indian government helps to enhance the growth of small, micro, and medium enterprises by initiating few schemes, offers, and subsidies to increase the participation of more youths in the business sector. These schemes are eligible to avail tax benefits, concession in electricity, and subsidy on patent registration, local schemes, and other subsidies. Reserve bank of India also gives loans to MSMEs and entrepreneurs at a concessional rate and helps them in their business growth.
Ministry of MSMEs concluded that MSME and SME sector gives almost 70% of Indian GDP. This includes businesses like the agriculture sector, manufacturing, food, and beverages, automotive raw materials, business, and retail sector. To avail of these benefits, this business company needs to be registered under the MSME sector for the growth of business and also make it easier for the governments.
MSME Registration Overview
The government of India launched the MSME act to support the MSME through various schemes, subsidies, and yearly incentives. MSME registration stands for Micro, Small, and Medium Enterprise Registration, any company that comes under MSME categories needs to ensure they are registered under the MSME categories. With MSME registration, banks also provide loans at a lower rate of interest.
Online Process for MSME/ Udyam Registration
The registration required personal details, and details about the business, and so on. Aadhar card is a must for Udyam / MSME Registration, an application is to be filled online on Udyam / MSME Registration.
Documents required for registration Process
Registration Process Step by Step
Registering a business under MSME Registration has certain MSME Benefits such as bank loans (collateral free), subsidy on patent registration, overdraft interest rate exemption, MSME Samadhan: protection against payments (delay payments), fewer electricity bills, and so on…
Media ContactCompany Name: MSME / Udyam Registration Consultancy Contact Person: Vishal SatputeEmail: Send EmailPhone: 9112211457Address:Office No. 101-102, 1st Floor, Gulmohar Apartments, East Street, CampCity: Pune – 411001State: MaharashtraCountry: IndiaWebsite: https://www.msmeregistration.org/