Who Can Apply For MSME Registration in India


Who Can Apply For MSME Registration in India

Micro, small and medium enterprises (MSME) are the backbone of developing economies such as India. They account for 45% of the total industrial employment and contribute to 95% of all the manufactured exports of India.

If your enterprise meets the criterion to register as an MSME, it can reap several benefits such as easier access to credit and tax exemptions. Government tenders are reserved for registered MSMEs, which reduces competition and helps your business grow. Additionally, MSMEs are protected against delayed payments from buyers.

The eligibility criterion for applying for MSME Registration is based on your business' investment slab. Entities that invest up to Rs 1 crore are eligible for micro-entity status, while entities that make investments of up to Rs 5 crore are eligible for the small and medium category. If you want to register your enterprise as an MSME, you can do so online by filling up the Udyog Aadhaar form with essential details such as the name, gender, PAN number, address, email id, and mobile phone number of the owner. It is available with a lower interest rate than commercial loans and offers flexible tenors so that you can utilise funds as per your needs.

You also need to mention the date of incorporation and number of employees. After filling up all the necessary details, an executive will review your application and send you a digital certificate of MSME registration for your company. It takes less than 24 hours to complete this entire process. With these essentials in place, you can start your MSME/Udyog Aadhaar registration process with ease.The registration is free of cost and the portal also offers an e-signature facility to reduce the time taken for signing documents.

 

Tel:+917299972500

info@filingpoint.com

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