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MSME certificate is mandatory to avail benefits uder COVID 19 Package for MSMEs.
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HERE'S HOW IT WORKS
1. Fill Form
Simply fill the above form to get started.
2. Call to discuss
Our startup expert will connect with you & prepare documents.
3. MSME Certificate
Get your MSME Certificate
IMP Note: StartupReturn is NOT an agency/representative/franchise of Ministry of MSME. We are a private organisation and our services and charges are private and advisory in nature. Ministry does not charge any Govt. fees for MSME/Udyog Adhaar registration.
BENEFITS OF MSME REGISTRATION
100% Collateral-Free Automatic Loans
12 Months Moratorium/Waiver on Loan Repayment.Fully covered under Govt. guarantee. No guarantee fee will be charged. Scheme available till 31st Oct, 2020.
Rs. 50,000 cr. Equity Funding for MSMEs
Govt. will provide equity funding/invest in shares of MSMEs with growth potential through Fund of Funds scheme.
Support for Listing at Stock Exchanges
Govt. will help to expand MSME size as well as capacity,will encourage MSMEs to get listed on main board of Stock Exchanges.
Preference in procuring Government tenders
The Government of India gives special preference in buying from Micro and Small businesses through Govt.tenders.
1% exemption on interest rate on Bank Over draft (OD)
Enterprises that have MSME Registration can avail benefit of 1% exemption on interest rate on over draft (OD).
Concession in Electricity bills
Enterprises that have MSME Registration Certificate can avail Concession on electricity bill by making application to electricity department
Protection against the delay in payment from Buyers
Maximum period for payment for purchases from MSME shall not exceed 45 days, in case of delay, the buyer is liable to pay interest to the SME supplier, at 3 times of the bank rate.
Special 50% discount on Govt. fees for Trademark & Patent
Enterprises that have MSME Certificate can avail 50% subsidy for patent & trademark registration.
Fast resolution of disputes
Enterprises undergoing a dispute with regard to payments may refer the dispute to the MSME Facilitation Council for conciliation & arbitration.
NEW DEFINITION OF MSME
The Govt. of India has launched for registered MSMEs on to help them recover from the challenges of lockdown. This note on New MSME registration includes the below important details:
|Manufacturing & Services||Investment Less than Rs. 1 Crore And Turnover Less than Rs. 5 Crore||Investment Less than Rs. 10 Crore and
Turnover Less than Rs. 50 Crore
|Investment Less than Rs. 50 Crore and
Turnover Less than Rs. 250 Crore
*Old classification had different criteria for Manufacturing & Services. Only had Investment as criteria. Micro- 25/10 Lac,Small 5/2 crore & Medium 10/5 crore for Manufacturing/Services sector respectively.
DOCUMENT REQUIRED FOR MSME REGISTRATION
Pvt. Ltd. /Public Ltd./OPC
- Company PAN card
- MOA, AOA & Incorporation Certificate
- Company Address Proof
LLP & Partnership Firm
- Firm PAN card
- LLP Agreement/ Partnership deed
- Firm Address Proof
- Proprietor’s PAN card
- Shop Act / Ghumasta License
- Address proof of Firm
LET'S CLEAR ALL THE DOUBTS!
MSME meaning Micro Small and Medium Enterprisesas defined under MSME development Act 2006.
MSME registration is the procedure to get your firm registered under MSME development Act for SME benefits.
There is no difference between MSME, SSI & Udyog Aadhar. There are all one and the same.