MSME Registration

MSME stands for micro, small and medium enterprises and any enterprise that falls under any of these three categories. MSME enterprises are the backbone of any economy and are an engine of economic growth, promoting equitable development for all. Therefore, to support and promote MSMEs, the Government of India through various subsidies, schemes and incentives promote MSMEs through the MSMED Act. To avail the benefits under the MSMED Act from Central or State Government and the Banking Sector, MSME Registration is required.

Micro, Small and Medium sized enterprises in both the manufacturing and service sector can obtain MSME Registration under the MSMED Act. Though the MSME registration is not statutory, it is beneficial for business at it provides a range of benefits such as eligibility for lower rates of interest, excise exemption scheme, tax subsidies, power tariff subsidies, capital investment subsidies and other support. IndiaFilings can help your business obtain MSME Registration to avail a host of benefits.

Advantages & Benefits

Easy Bank Loan up to 1 Crore without collateral / mortgage
The Govt. of India and SIDBI has launched a Credit Guarantee Scheme (CGSME) to make available collateral-free credit to SMEs.
Preference in procuring Government tenders
The Government of India gives special preference in buying from Micro and Small businesses through Govt. tenders.
Concession in Electricity bills
Enterprises that have MSME Registration Certificate can avail Concession on electricity bill by making application to electricity department.
Fast resolution of disputes
Enterprises undergoing a dispute with regard to payments may refer the dispute to the MSME Facilitation Council for conciliation & arbitrat.
Special 50% discount on Govt. fees for Trademark & Patent
Enterprises that have MSME Certificate can avail 50% subsidy for patent & trademark registration.

FAQs

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.

Testimonials

I have received the company incorporation documents and extremely pleased to see the way documents are arranged. The service provided exceeded all the expectations. It’s been a great experience to work with to get this done. I would definitely give five stars to process and the way dealt with the customer. I would promise to recommend my friends if something they would need that serve. Thumbs up for the services and I would like to say WOW!!!! Thanks!!

SANTOSH KUMAR SINGH

DIRECTOR , AGROMISSION TECHNOLOGY INDIA LIMITED

I am writing to convey my appreciation to the staff at Group for the services rendered to obtain the incorporation of my company in India. I found the professionalism of the staff at Group, a pleasure to work with. As a foreigner to India, they took the time to explain the documentation and assisted in every question I raised. I was pleased that Group made a case for my business name and that I received the name that I wanted. I was completely satisfied with their service and strongly recommend them to anybody desirous of starting a business in India

PRAVISH KUMAR

DIRECTOR ,ORNIC HEALTHCARE PRIVATE LIMITED