An entry into the govt register To promote the growth of Micro, Small & Medium Enterprises, the government of India gives various concessions and extends financial assistance exclusively to the units or enterprises which qualifies to be a micro, small and medium enterprises. The Micro Small & Medium Enterprises Development Act 2006 makes it mandatory for MSME to register themselves with government and to obtain Udyog Aadhar for availing benefits provided under MSME Development Act. The terminology like MSME, SSI or Udyog Aadhar is one and same thing. In other words, there is only one registration which a micro, small and medium enterprises has to obtain and that is UDYOG AADHAR. MSME is the backbone of the modern Indian economy and is considered as the growth engine for equitable and sustainable economic development of the country. Under MSME all kinds of enterprises can obtain registration, like manufacturers the service providers are also eligible for MSME benefits. Hence they are also required to get UDYOG AADHAR Registration. In the banking sector, if you need to avail the benefits of the MSMED Act of 2006, you will have to opt for MSME registration. When you register your firm with Udyog Aadhaar , the business can leverage many schemes initiated by State and Central Government. In addition to this, for availing the MSMED Act 2006 benefits in the banking sector, MSME registration becomes mandatory. NO Government Fee for MSME Registration (Adhar Udhyog) MSME registration is a mandatory registration to avail all benefits of the Govt. Scheme. The registration process is a very simple. There is no Govt fee for registration process. Register and built the foundation.
Fulfilment of eligibility conditions.
Refrain from asking for security deposits
Concession in the electricity bills
Increased chances of winning government tenders
Reduction in fee for filing patents and trademark registration to get protection under the rights of intellectual properties.
Easy and cheaper bank loans
Reservation benefits
Stamp duty and registration charges are waived off
Reimbursement under the bar code registration
Industrial promotion subsidy
Reduction in the rate of the interest by major banks
Other benefits are:
Authentic proof of your organization
Subsidiary matter
Govt Project or Tender
Any kind of financial Assistance by Govt Agencies
Registration or certification matters (Like Pollution, NSIC etc )
Smaller steps for the larger good.
Payment of Fees
Share Documents
MSME Application
Application Approval And Certificate Issuance
Your business papers.
Business address proof
Copies of sale bill and purchase bill.
Partnership Deed/ MoA and AoA.
Copy of licenses and bills of machinery purchased.
For firms that are listed in Schedule -III of the Industrial Licensing Exemption Notification, no Industrial license is needed. Every other enterprise must obtain it for the PRC (Provisional Registration Certificate) application.
For the registration and document process, all statutory and administrative clearances need to be obtained such an NoC from pollution board to prove that no restrictions are being violated.
Some of the MSME schemes offered by the government Udyog Aadhaar:
Udyog Aadhaar Memorandum
Zero Defect Zero Effect
Quality Management Standards and Quality Technology Tools
A System for Monitoring the Grievances
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