MSME REGISTRATION

Every brand that possesses international recognition today was started small. They were also as a micro, small or medium-sized enterprise at the initial point of their journey.

MSME stands for Micro, Small and Medium Enterprises. In actual, MSME’s have no shortage of ambition or growth plans. The founders of such entities don’t dearth of enthusiasm, passion, commitment and discipline. Financial support and technological expertise can aid such businesses to expand.

MSMEs has a large contribution towards socio-economic growth of our nation. These are governed by Ministry of Micro, Small & Medium Enterprises and need to get registered to enjoy the benefits and supports offered from numerous schemes launched by Indian government. Moreover, MSMEs are categorized into 2 class, manufacturing businesses and service businesses.

The number of enterprises is very less that are aware of the advantages and the financial support available to a Micro, Small, Medium Enterprise (MSME).

The incorporators of such businesses lift capital at very high costs as they depend on banks wherein they hold their current account or trust on local money lenders for fast working capital loans.

Numerous businessmen aren’t even aware of what class their enterprise comes under. Don’t worry! If you’re also one of those entrepreneurs, you must go through the difference between Micro, Small and Medium Enterprises once given below before you choose us to get your MSME registration.

MSME’s are categorized into 2 classes: -

• Manufacturing Enterprise
• Service Enterprise.

Below is the categorization in terms of investment: -

Advantages of MSME Registration in India

Businesses after registering themselves as an MSME can avail numerous advantages right from lending to crowd financing to the adoption of modern technology and quality management standard. A few of the core advantages comprise: -

50% subsidy on patent registration

As a businessman, you may be aware of the weighty fee that a business must disburse to avail of patent registration. Have you confronted such an issue? Along with MSME registration, you can get a patent registration at a 50% subsidy. Protect your intellectual property (IP) today and power up your dream of becoming a reputed and popular organisation of tomorrow.

Collateral-free loans

A business which has an MSME can relish the collateral-free loans benefits which are promoted via banks and NBFCs.

Freedom from interest on overdraft

An enterprise registered as an MSME can also relish a 1% exemption on interest on an overdraft facility. Even a little fall in the cost of funds is highly advantageous for micro level businesses.

Reservation Policy

MSMEs are a labour-focused category of business world that contributes in major segment of employment and therefore relish a few special benefits from the government.

The Indian govt. has given special rights to manufacture a few products only to MSMEs. The central government of India has reserved about 300 products solely for the MSME sector under the Government Stores Purchase Program.

The process of getting registered as an MSME is time-consuming and tiresome, therefore, being the best MSME consultant in Delhi, we at Careful Counting are offering the service of MSME registration constantly with proficiency. Let’s your dream give a legal license. Contact now!