Introduction
MSME stands for Micro, Small, and Medium Enterprises. There are many subsidy, grants made available by government to promote MSME in India. MSME has two categories:
i) Manufacturing & ii) Service
Revised MSME classification (w.e.f 14.05.2020) | |||
Criteria: Investment & Annual Turnover | |||
Classification | Micro | Small | Medium |
Manufacturing & Services | Investment< ₹1cr. and Turnover< ₹5cr. | Investment< ₹10cr. and Turnover< ₹50cr. | Investment< ₹20cr. and Turnover< ₹100cr. |
MSME stands for Micro, Small, and Medium Enterprises. There are many subsidy, grants made available by government to promote MSME in India. MSME has two categories:
i) Manufacturing & ii) Service
Revised MSME classification (w.e.f 14.05.2020)
Criteria: Investment & Annual Turnover
Classification
Manufacturing & Services
Micro
Investment< ₹1cr.
and
Turnover< ₹5cr.
Small
Investment< ₹10cr.
and
Turnover< ₹50cr.
Medium
Investment< ₹20cr.
and
Turnover< ₹100cr.
- Collateral Free loans from banks
- Subsidy on Patent Registration
- Overdraft Interest Rate Exemption.
- Support available for technology upgradation
- Support available for cluster development
- Support available for Skill Development
- Apply to government tenders
- Protection against delayed payments
- MAT credit utilized enhanced- It also allowed credit for minimum alternate tax (MAT) to be carried forward for up to 15 years instead of 10 years
Service Includes
- Consultancy on MSME Registration
- MSME registration
- MSME certificate
- Udhyog Aadhaar Certificate
- Update in certificate
- Business Hours CA Support – Email, Phone, Whatsapp
Required Documents
- PAN
- Aadhaar
- Location of Shop (Address) with PIN
- Mobile no.
- Mail Id
- Date of Commencement of Business
- Bank account detail- Bank Name, Account No. & IFSC
- Number of employees
- Investment in Plant and Machinery
Frequently ask questions
After providing documents/details , MSME Registration & Udhyog Aadhaar Certificate will be issued in one working days at email.
There is no difference between MSME & SSI.
Udhyog Aadhaar is introduced in year 2017 & is similar to MSME Certificate.
Our Expert will share both certificate in this plan.
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