Msme Registration

MSME stands for Micro, Small and Medium Enterprises. MSME sector contributes about 45% of the total industrial employment in India. Although the government doesn't impose any mandatory rules for registration, doing so would be helpful.

There are multiple types of benefits which is covered when a company registers itself under MSME act like tax, loans and credit facilities. MSME Registered companies are able to get the bank loans more cheaper as the interest rate is very low around ~ 1 to 1.5%. Much lower than interest on regular loans.

Information Required for MSME Registration :

• Aadhaar Card is the only document required for MSME registration.
• Full Name
• Gender
• Pan No.
• Email ID
• Address
• Bank Account No.
• IFSC Code

Benefits of MSME Registration in India :

• Collateral Free Loans
• Reservation Policy
• 50% Subsidy on Patent Registration
• Exemption of interest on Overdraft
• Protection against delayed payments
• Technological Upgradation for MSME’s