MSME Registration
MSME stands for Micro, Small and Medium Enterprises. MSME registration is simply a content-text-alignof micro/small/medium enterprises, earlier it is called as SSI registration certificate and now it is known as Udyam Registration.
Who should register for MSME?
Registration Criteria
An enterprise to be classified as Micro, Small and Medium enterprise has to follow the following classification criteria.
What Documents are required for MSME Registration?
Pan card
Aadhar card
Business Address Proof.
Other Details
Copies of Sale Bill and Purchase Bill
Benefits of Udyam Registration
- Easy Bank Loan upto 1 Cr without Collateral/ Mortgage.
- Udyam Registration is the proof of Proprietorship.
- Udyam Registration can be used to get current account for business.
- Special Preference in Procuring Government Tenders
- 1 percent Exemption on interest rate on Bank Overdraft (OD)
- Concession in Electricity Bills
- Protection against the delay in payment from Buyers
- Tax Rebates
- Special 50 percent discount on Government fees for Trademark and Patent
- Fast Resolution of Disputes
- Government recognition.
