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To put it very simple, business entities with investment less than Rs 50 crores and Annual turnover less than Rs 250 crores can register under the Micro Small and Medium Enterprises scheme as defined under MSME Development Act 2006. However, this registration is purely voluntary in the opinion of the business entity to avail numerous benefits declared by the government under this scheme.
Start and Grow Your Business with Gainme Business Solutions.
Fill all the required information requested in the registration form.
Once we receive quote request, our experts will get in touch with you immediately.
After the discussion and submission of required documents, service will delivered. Time of delivery may differ based on the service.
Benefits that are yielded by choosing this service are numerous as mentioned below
Covered under Govt. guarantee with no fee. Scheme available till 31st Oct, 2020.
Govt. encourages MSMEs to get listed on main board of Stock Exchanges.
Special preference by Indian Government in buying from Micro and Small businesses through Govt.tenders. And also preference given for government licenses and certifications.
MSME Registered entities can avail benefit of 1% exemption on interest rate on overdraft (OD).
Upon application to electricity department, enterprises that have MSME Registration Certificate can avail concession on electricity bills.
MAT credit can be carried forward for additional 5 years.
For non-paid amounts of MSME, there is a one time settlement fee allowed.
Maximum period for receivables shall not exceed 45 days, in case of delay, the buyer is liable to pay along with interest at 3 times of the bank rate
MSME registered Enterprises can avail 50% subsidy in government fees for patent & trademark registration.
Registered Enterprises undergoing a dispute for payments can refer to the MSME Facilitation Council for conciliation & arbitration for quick resolution.
List of Documents that are required to proceed with this service package are
PAN and Aadhaar card
MOA, AOA & Incorporation Certificate
LLP Agreement/ Partnership deed
Shop Act / Ghumasta License
Address proof of business entity - lease deed, property tax receipt
Copies of Sales and purchase bills
Copy of Licenses and Machinery bills
Bank account number and IFSC
List of typical questions that you might ask regarding this particular service are