Note
There is no government fee for obtaining Udyam registration. We charge professional fee for our consultation and guidance. Alternatively, you can do this on your own.
Review of documents and information provided by you
Approval received from the office of the Ministry of MSME along with a certificate of registration
of the Organization whose MSME registration is to be done
of the proprietor/partner/director of the organization
Details of which ITR form was filed in previous year
A significant portion of India's GDP, Exports, and Jobs is contributed by small enterprises, who are in a true sense the backbone of the Indian economy. Under the Micro, Small & Medium Enterprises (MSME) Development Act, 2006, an organization that is eligible for MSME registration can after the registration avail of all the benefits brought out by the central government or state government(s) through various schemes or subsidy programs.
Also, the organization can avail benefits of priority sector lending, reduced interest rates on loans, and other speedy debt recovery platforms.
At ZAPTAX, we offer you expert consultation on your eligibility and assitance in filing of your Udyam registration (previously known as Udyog Aadhaar).
ELIGIBILITY CRITERIA
Enterprise |
Criteria |
Limit |
Micro |
Investment in Plant & Machinery |
Upto Rs.1 Crore |
AND |
||
Turnover |
Upto Rs.5 Crore |
|
|
||
Small |
Investment in Plant & Machinery |
Upto Rs.10 Crore |
AND |
||
Turnover |
Upto Rs.50 Crore |
|
|
||
Medium |
Investment in Plant & Machinery |
Upto Rs.50 Crore |
AND |
||
Turnover |
Upto Rs.250 Crore |
A significant portion of India's GDP, Exports, and Jobs is contributed by small enterprises, who are in a true sense the backbone of the Indian economy. Under the Micro, Small & Medium Enterprises (MSME) Development Act, 2006, an organization that is eligible for MSME registration can after the registration avail of all the benefits brought out by the central government or state government(s) through various schemes or subsidy programs.
Also, the organization can avail benefits of priority sector lending, reduced interest rates on loans, and other speedy debt recovery platforms.
At ZAPTAX, we offer you expert consultation on your eligibility and assitance in filing of your Udyam registration (previously known as Udyog Aadhaar).
MSMEs are categorized under priority sector lending by RBI and thus Banks have to give a certain minimum proportion of their loans given to the MSMEs. The interest rates of the MSME term loans and overdraft loans are also less in comparison to business loans to others.
Credit Guarantee Scheme allows MSMEs to obtain collateral free loans up to Rs. 2 Crore under which MSMEs pay an annual guarantee fee of 1 to 2% and the CGTMSE trust created by Central Government pays lender Banks / NBFCs if the MSME defaults.
As per MSME law, if buyer makes late payment to a micro or small enterprise, then he has to pay compounded interest at 3 times of bank interest rates. Complaints can be filed through samadhaan portal, and MSEFC has to take it up with the buyer & decide in 90 days.
Through TReDS (Trade Receivables discounting system) micro and small enterprises can get their invoices discounted from the Banks and NBFCs. Currently, 3 TReDS platform have been approved by RBI namely, M1xchange, RXIL & Invoicemart.
GeM (Government e-marketplace) portal is a national public procurement platform where the central government, state governments, local bodies, autonomous institutions and public sector enterprises buy common goods & services from MSMEs.
The state governments as per their approved policies provides for various subsidies on local taxes, state GST, electricity tariff, capital investment, land acquisition. Most of the states also provide single window clearance system for MSMEs.
No, it is not compulsory for obtaining MSME
registration. But you would miss out on lots of benefits that are available
after obtaining the MSME registration / Udyam registration only.
Small Enterprise - Investment in Plant & Machinery upto Rs. 10 Crore and Turnover upto Rs. 50 Crores.