MSME stands for Micro, Small and Medium Enterprises. In a developing country like India, MSME industries are the backbone of the economy. Revised Classification applicable w.e.f 1st July 2020 Composite Criteria for investment in Plant & Machinery/equipment and Annual Turnover are as below:
Micro: Investment in Plant and Machinery or Equipment not more than Rs. 1 crore and Annual Turnover not more than Rs. 5 crore
Small: Investment in Plant and Machinery or Equipment upto Rs.10 crore and Annual Turnover upto Rs. 50 crore
Medium: Investment in Plant and Machinery or Equipment upto Rs.50 crore and Annual Turnover upto Rs. 250 crore
Easy excess to loan and lower interests rates from banks
There are many government tenders which are only open to the MSME Industries.
Government provides subsized rated to MSME for TM and patent registration
There are various tax rebates given to MSME
Micro: Investment in Plant and Machinery or Equipment not more than Rs. 1 crore and Annual Turnover not more than Rs. 5 crore
Small: Investment in Plant and Machinery or Equipment upto Rs.10 crore and Annual Turnover upto Rs. 50 crore
Medium: Investment in Plant and Machinery or Equipment upto Rs.50 crore and Annual Turnover upto Rs. 250 crore
To do the registration the small and medium scale industry owner has to fill a single form which he can do online as well as offline .If a person wants to do registration for more than one industry then also he/she can do individual registration. To do the registration he/she has to fill a single form which is available at the website which is listed below. The document required for the registration is Personal Aadhar number, Industry name, Address, bank account details and some common information. In this, the person can provide self-certified certificates. There are no registration fees required for this process. Once the detail-filled and upload you would be getting the registration number.
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MSME covers only manufacturing and service industries. Trading companies are not covered by the scheme. Contact us Now.
There is no expiry of the Udyog Aadhar Certificate. As long as the entity is ethical and financially healthy there will be no expiry of the certificate.
MSME stands for Micro small and medium enterprises. They are small sized entities defined in terms of their investment.
For MSME Registration Certificate/Udyog aadhaar Certificate , every applicant should have Aadhaar Number.
No, there are no charges/fees charged by government.
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