msme registration

  MSME loans are business loans offered to the MSMEs or Micro, Small and Medium enterprises or to the SMEs or Small and Medium Enterprises in the form of SME loans. These loans are offered for the advancement of business and other activities like purchase of machinery and raw material, to meet the working capital requirements, and to invest in fixed assets. Banks and financing institutions like NBFCs offer MSME Business loans.     However, the interest rates and loan amount vary across the banks and NBFCs. These loans are usually offered to small business owners, women entrepreneurs, and start-ups. Eligible enterprises for this scheme are Sole Proprietorships, Partnership Firms, Manufacturing or service-based micro and small enterprises excluding Retail traders, educational institutions, training institutions, agriculture & Self Help Groups. MSME loans for businesses are availed to meet working capital requirements, to manage business cash flow, buy equipment/machinery, purch

  Udyog Aadhaar is a twelve digit Unique Identification Number provided by the Ministry of Micro, Small and Medium Enterprises, Government of India for small and medium enterprises, beginning in September 2015. It is also known as Aadhaar for Business Udyog Aadhaar was issued in September 2015 in India as there was a dire need to make the registration processes for the micro, small and medium sized enterprises in India. Before this, the registration process was tedious and paper-heavy and the owner was required to register for both small industry and MSME, but with the introduction of Udyog Aadhaar the procedure got simpler and easier for the business owners. Following are the benefits of Udyog Aadhaar: 1.      It helps in providing bank loan without collateral or mortgage 2.    Helps in tax exemption of direct tax 3.    You can avail interest at lower rate 4.    In case of patent registration 50% grant is available 5.     Reimbursement of ISO certification 6.    Make

  MSME stands for Micro, Small and Medium Enterprises. In a developing country like India, MSME industries are the backbone of the economy. MSME registration is a mandatory task for any business to start and operate in India. MSME categorized under two main categories, such as manufacturing enterprises and service enterprises. MSME’s are rapidly growing with regular support from the government and youths who are inspired and bold enough to start their own venture. Therefore, knowledge about the registration process and its benefits is an absolute must in order to give a boost to the entrepreneurial spirit of MSME & SSI founders.   Benefits of MSME Registration 1.      Bank Loans (Collateral Free): The Government of India has made collateral-free credit available to all small and micro business sectors. This initiative guarantees funds to micro and small sector enterprises. Under this scheme, both the old as well as the new enterprises can claim the benefits. A trust name