MSME REGISTRATION
MSME Stands for Micro, Small and Medium Enterprises it facilitates development & promotion of enterprises through various benefits & schemes. If someone wants to avail benefits from Central or State Government and the Banking Sector then MSME Registration is required. It is governed by MSMED Act 2006 in India under the Ministry of Micro, Small and Medium Enterprises
HOW MSME REGISTRATION HELPS MY BUSINESS?
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Low-Interest rate- All banks and other financial institutions recognize MSMEs and have created special schemes for them. MSME's get the privilege of lower interest rate on business loans.
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Relaxation in Trademark Government Fees- Government has given relaxation in government fees of the trademark to MSME registered entities. The fee shall be ₹4500/- for small enterprises despite trademark fee for enterprises other than MSME's is ₹9000/-
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Tender Eligibility- There is a certain quota reserved for MSME Registered Entity in government tender allotment.
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No delayed payment- If an MSME entity has made any sale then the buyer has to pay to the MSME's entity within the 45 days from the date of delivery of product or services.
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Easy loan in 59 minutes- Recently, the government has announced that all MSMEs having MSME Registration and GST registration will be granted easy up to ₹ 5 crores within 59 minutes. This scheme has been discussed below in detail.
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SPECIAL RELIEFS FOR MSME AMID COVID-19- Due to the COVID-19 crisis, the government has introduced the Atmanirbhar Bharat Relief Package. Under this government has given certain reliefs to Indian MSMEs:
Q. Is Aadhar card mandatory for MSME Registration ?
Yes, Aadhar Card is mandatory for MSME Registration
Q. What if my mobile number is not linked with aadhar card ? can i still apply for MSME Registration ?
Yes, you can but it's a lengthy process it is better to link Aadhar card with an active mobile number to get MSME registration certificate instantly
Q. What is the validity of MSME certificate ?
MSME Certificate is valid for life until you exceed the turnover criteria as defined in the MSMED Act
Q. Did you provide this service in my city ?
Yes E-StartupIndia is an online platform serving all over India no matters wherever you are doing business all you need is required documents and internet connection on your mobile or desktop and we are ready to get your job done
Q. Within how many days i can get the MSME certificate ?
That MSME Certificate will you recived in your registered email within 1 month.
