MSME registration certifies the enterprises to show them as Micro, Small or Medium Enterprise. Government have different schemes and tax benefits for each type of classification. To avail the benefits MSME Certification is Mandatory. For MSME registration enterprise must enroll their name under The Micro, Small & Medium Enterprises Development Act, 2006
SME Registration Benefits. … To support and promote MSMEs, the Government of India through various subsidies, schemes and incentives promote MSMEsthrough the MSMED Act. To avail the benefits under the MSMED Act from Central or State Government and the Banking Sector, MSME Registration is required.
Small and medium scale enterprises (SMEs) are understood in India as enterprises where the investment in plant and machinery or equipments is between Rs. 25 lakhs ( ͌ US $ 0.04 million) to Rs. 10 crores ( ͌ US$1.6 million) in case of a manufacturing industry and between Rs. 10 lakh ( ͌ US $ 0.02 million) to Rs. 5 Crore
Document Required
- Business Address Proof.
- Copies of Sale Bill and Purchase Bill.
- Partnership Deed/ MoA and AoA.
- Copy of Licenses and Bills of Machinery Purchased
