MSME Registration
About MSME ?
Know more about MSME Registration:-
Functions assigned to APEDA Registration:-
- Get Exempt from the Income Tax:- Get Exempt from the Income Tax:- You can enjoy the tax benefits in your initial years of business and can save lakhs of the amount by registering with MSME.
- Mudra Loan Scheme:- You will get eligible for the government authorized Mudra Loan by registering with MSME.
- Get Benefits from Government:- You can apply for the government tenders easily and can get more benefits from the government such as loans.
- Get Low Intrest Rates from banks:- The banks and money related organizations have made schemes for the MSMEs and support them to get loans and funds. Your company has the probability to get endorsed by high credits and low interest rates.
Types of MSMEs:-
Micro Enterprise
Micro Enterprise is a small business entity that can be an Ice-cream parlor or any Bistro situated in your neighborhood. A Micro Enterprise can be initiated with a low amount of capital and investment and by the rule, the MSME must contain less than 10 individuals that work for the company.
Small Enterprise
A Small Enterprises utilizes a few numbers of laborers and have low sales. The small company can have more than 10 workers and less than 50 workers. The Small Enterprise may include hotels, dry cleaners, etc. The funds invested in the Small Enterprise can be more than Rs 25 Lakhs and less than Rs 5 Crores.
Medium Enterprise
Medium Enterprise companies have less than 250 workers and the investments done in the Medium Enterprise must be between Rs 5 Crores to Rs 10 Crores.
Schemes offered for MSME in India:-
- Udyog Aadhar:- In the 12 digit Aadhar Card is used to get the benefits from the Government of India. As its name suggests, the Government helps the various MSME businesses. By applying for this scheme, you can get funds, credits from the administration. The enrollment can be done in two ways online as well as offline. The scheme is nothing but a Government Registration which provides recognition certificate with a unique number in order to certify for the Micro, Small and Medium Enterprise.
- Zero Defect Zero Effect:- In this Scheme, the products launched and exported should meet customer satisfaction and should cling to the goal that it should not be rejected and sent back to India. So the schemes are being organized by the administration to meet the goals.
- Entrepreneurship scheme form women:- As its name suggests, the scheme is only derived for the women who need to initialize their business. Also, there are many schemes created by the administration to empower and motivate women to become an entrepreneur and owner of the company. The administration also provides capital and direction to the ladies according to the need of their goals.
- Quality Technology Tools and Quality Management Standards are provided by the administration:- As per the laws, the Government is motivating people towards entrepreneurship and trying to give them support and Quality Management Standards to sharpen their organization to scale and grow their businesses.
- Providing New Innovations:- The administration also provides new innovation and machines to the organizations which have been got old. The new innovations help organizations to work with ease and produce low defect products.
You can also check the various schemes provided by the government by visiting the link:- https://msme.gov.in/all-schemes.