MSME Registration

This Industry is mainly engaged in providing services to other industries.

Manufacturing Enterprise.

This Industry is engaged in manufacturing activities.

To become eligible for obtaining MSME Registration, the owner is required to invest less than Rs 20 Crores and must have a turnover of less than Rs 100 Crore (as per the amendment made on 13 May 2020) in plant and machinery either for a Manufacturing or Service Sector.

Factories and establishments with 10 or more employees have to register themselves under ESI schemes.If, at any point in time, these industries exceed the investment limit, then they are required to surrender or cancel their MSME Registration provided under the MSMED Act.

i. 50% Subsidy on Patent or Trademark Registration The Enterprises registered under the MSME get a hefty subsidy of 50% in the government fee of the patent and trademark registration.

ii. Collateral Free Loans from Bank The Government of India has launched the Credit Guarantee Fund Scheme (CGS) for providing the Micro and Small Enterprises collateral-free credit to them. Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) is set up by The Ministry of Micro, Small and Medium Enterprises, Government of India, and Small Industries Development Bank of India (SIDBI) for the implementation of CGS. Emergency Credit Line Guarantee Trustee Company (ECLGS) is launched by the Government of India as a booster to the MSME sectors bringing 3 Lakh Crore additional funding at a concessional rate of interest of 9.25%. The National Credit Guarantee Trustee Company (NCGTC) will provide 100% guarantee coverage to eligible MSME and MUDRA borrowers in the form of Guarantee Emergency Credit Line.

iii. Relief of 1% on the interest rate of the Overdraft Facility All the enterprises that have registered under the MSME can avail the exemption of 1% on the interest rate of the Overdraft Facility provided by the Bank. The MSME enterprise needs to make an application for the same into the bank. But this is not the same in all the banks the rate may differ bank to bank.

iv. Electricity bill Concession The enterprises registered as an MSME may after making an application to the Electricity Department get concession in the electricity bill.

v. ISO application fees reimbursement Taking an ISO certification amount to a heavy expense for an organization. But the MSME are benefited by the government as the MSME enterprises get the reimbursement of the ISO fees paid by them by making an application.

vi. Privilege in Government Tenders By amending the General Financial Rules 2017 the government notified that the global tenders will be disallowed in government procurement up to Rs. 200 crores. This is a big boost for the MSME enterprises as they need not to compete with a global organization and it will help them grow.

ADHAR card of the Applicant (Proprietor/ Partner / Director).

Name of Applicant.

Caste.

Business Name.

Type of Business Entity.

Address of the Plant.

Address of the Office.

Date of Commencement of the Business.

Bank Details (Account No. and IFSC code).

Business Activity Details Number of employees.

Investment in Plant and Machinery and Equipment .

Photo and Id Proof of Applicant .

Mobile No. of Applicant (Linked with ADHAR).

Email Id for OTP Verification.