MSME Registration | Udyog Aadhar | Udyam Registration

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MSME Registration Udyog Aadhar Udyam
Registration

• MSME sector is having a vast and diverse
  opportunity to develop and grow your business.
  Various benefits are available for the MSME
  enterprise. Government has innumerous faith in
  its citizen, for the development and betterment
  it is providing collateral free loan to the
  Business. i.e. A loan without an Guarantee. To
  promote the culture of MSME Government is
  launching various scheme which you can have a
  look on https//www.msmeregistration.org/benefits
  .
• Micro, Small and Medium Enterprises (MSME) sector
  has emerged as a mostly dynamic and vibrant
  sector of the Indian economy in a decade span of
  time. MSME Sector contributes around 40 to the
  GDP of India and counting with the aim at
  facilitating the promotion and development of
  small and medium Enterprises.
• MSMEs are complementary to large industries as
  ancillary units and this sector contributes
  enormously to the socio-economic development of
  the country. According to the Federation of
  Indian Micro and Small Medium Enterprises
  (FISME), reduction in Customs Duties on steel and
  ferrous and non-ferrous scrap is a major direct
  benefit to the MSMEs as it will help reduce the
  raw material prices. This was one of the main
  demands of the sector.

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DEFINATION OF MSME

• The According to Section 7 of the MSME Act, 2006,
  the government has prescribed specific turnovers
  and investment limits to reckon whether an
  enterprise falls under the micro, small or medium
  category.
• definition of Micro, Small and Medium (MSME)
  enterprises is as under
• A micro enterprise is defined on the particular
  terms and condition where, Manufacturing
  Enterprises and Enterprise Rendering Services -
  Investment in plant and machinery for equipments
  is not more than Rs. 1 Crore and Annual Turn
  Over not more than 5 Crore.
• A small enterprise is an enterprise where,
  Manufacturing Enterprises and Enterprise
  Rendering Services - Investment in plant and
  machinery for equipments not more than Rs. 10
  Crore and Annual Turn Over not more than 50
  Crore.
• A medium enterprise is an enterprise where,
  Manufacturing Enterprises and Enterprise
  Rendering Services - Investment in plant and
  machinery for equipments not more than Rs. 50
  Crore and Annual Turn Over not more than 250
  Crore.

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Benefits of Getting MSMEs / UDYAM Registration

• MSME Samadhan - Protection against Payments
  (Delayed Payments)
• At times, the buyers of services or products from
  the MSMEs or SSIs tend to delay the payment. The
  Ministry of Micro, Small and Medium Enterprise
  lend a helping hand to such enterprises by giving
  them the right to collect interest on the
  payments that are delayed from the buyers side.
  The settlement of such disputes must be done in
  minimum time through conciliation and
  arbitration.
• In case, if any MSME registered enterprise
  supplies any goods or services to a buyer then
  the buyer is required to make the payment on or
  before the agreed date of payment or within 15
  days from the day they had accepted the goods and
  services from MSME or SCI registered business (if
  there is no mention of the date of payment).
• If the buyer delays the payment for more than 45
  days after accepting the products or services
  then the buyer has to pay compound interest along
  with interests (monthly) on the amount that was
  agreed to be paid. The interest rate is three
  times the rate that is notified by the Reserve
  Bank of India.

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Benefits of Getting MSMEs / UDYAM Registration

• Fewer Electricity Bills
• This concession is available to all the
  Enterprises that have the MSME Registration
  Certificate by providing an application to the
  department of the electricity along with the
  certificate of registration by MSME.
• 15 CLCSS subsidy to purchase fully
• The Ministry of Micro, Small, and Medium
  Enterprises is operating a scheme namely Credit
  Linked CGSTI Subsidy Scheme (CLCSS) for
  technology up-gradation of Micro and Small
  Enterprises. The scheme was launched in
  October-2000 and revised from 29.9.2005. The
  revised scheme aims at facilitating technology
  up-gradation of Micro and Small Enterprises
  (MSEs) by providing a 15 capital subsidy
  (limited to maximum Rs.15 lakhs) for the purchase
  of Plant Machinery. The maximum limit of
  eligible loans for calculation of subsidy under
  the scheme is Rs.100 lakhs. Presently, more than
  1500 well established/improved technologies under
  51 sub-sectors have been approved under the
  Scheme.

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Industries which can benefits from clccs

• Biotech Industry
• Common Effluent Treatment Plant
• Corrugated Boxes
• Drugs and Pharmaceuticals
• Dyes and Intermediates
• Industry based on Medicinal and Aromatic plants
• Plastic Molded / Extruded Products and Parts/
  Components
• Rubber Processing including Cycle/ Rickshaw Tyres
• Food Processing (including Ice Cream
  manufacturing)
• Poultry Hatchery Cattle Feed Industry
• and other 30 sectors