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MSME/Udyog Aadhaar Registration
Licenses required for business. Our experts provide guidance regarding various licenses & registrations required for business.
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Micro, Small and Medium Enterprise (MSME), introduced by Government of India in agreement with Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 are entities engaged in the production, manufacturing, processing or preservation of goods and commodities.
MSME sector is considered as the backbone of Indian economy that has contributed substantially in the socio-economic development of the nation. It generates employment opportunities and works in the development of backward and rural areas. Once, Udyog Aadhaar registration is obtained for a business, it can enjoy various subsidies and schemes specially provided by the Government for helping small businesses in India.
If a business crosses the specified ceiling limits for its present category in either of the two criteria of investment or turnover, it will stop to fall in that category and be placed in the next higher category but no business shall be placed in the lower category unless it goes below the ceiling limits specified for its present category in both the criteria of investment as well as turnover.
Some MSME Schemes launched by Government
- Udyog Aadhaar Memorandum.
- Incubation.
- Women Entrepreneurship.
- Zero Defect Zero Effect.
- Quality Management Standards & Quality Technology Tools.
- Grievance Monitoring System.
- Credit Linked Capital Subsidy Scheme.
Benefits of MSME Registration
- Government Tenders.
- Import Subsidy.
- Ease in getting Approvals & Registrations.
- Lower interest rates.
- Tariff & Non-tariff tax subsidies.
- Direct tax exemptions.
- Benefits associated with government schemes.
- Credit availability from the government.
Lex Koterie LLP team comprises of qualified and experienced experts who are passionate enough about finances to bring you the best advice & tips on everything related to your hand-earned money. We simply ask for the required documents making the whole process easy & comfortable.
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