MSME Certification Importance: The Government of India runs many types of schemes for micro, small, and medium industries. Through these schemes, the government provides financial assistance of lakhs of rupees. Not only this, but it also gives you a loan to start your own business. But these schemes can be availed of only when you are registered under MSME. For this, it is very important for you to register your business. Today, through this article, we will tell you the complete process of registration (MSME Registration Process).
Micro, Small, and Medium Enterprises (MSMEs) are those institutions that are involved in the production, manufacturing, and processing of goods and commodities. The concept of MSME was first introduced by the Government of India through the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006.
First, let us know what micro, small, and medium industries are. An enterprise in which the investment is less than Rs 1 crore and the turnover is less than Rs 5 crore will come under the micro. At the same time, the investment in small is less than Rs 10 crore, and the turnover is up to Rs 50 crore. In medium, the investment can be less than Rs 20 crore, and the turnover can be up to Rs 100 crore.
Complete process of registration under MSME
To register under the MSME (Micro, Small, and Medium Enterprises) scheme, first of all, you have to go to its official website udyamregistration.gov.in.
In the registration option, click on New Entrepreneur who is not yet registered and proceed.
After this, you will have to write your Aadhaar number and full name.
After this, do the verification through OTP. The OTP will come on the number linked to Aadhaar. Enter it and verify.
As soon as you do this, an application form will open in front of you.
In the application form, you have to enter the information asked for, including your name, address, type of your business.
You will also have to provide information related to the turnover of your business.
Check your application form once thoroughly and then click on submit.
Once you apply, your application will be checked, and if everything is correct, you will be sent a certificate via email.
Once you get MSME registration, you can get the benefit of many types of schemes (Udyam registration benefits). The government runs many schemes for MSME. We have given the details of some schemes in the table below.
You may also like
Man Utd suffer humiliating Carabao Cup exit to League Two Grimsby as Ruben Amorim hits new low
Man Utd player ratings vs Grimsby: One 0/10 and four 1/10s in shock Carabao Cup defeat
Corrie's Sally Dynevor takes on huge challenge – 16 years after cancer diagnosis
London's iconic red phonebox on sale for £10k - and could be the cheapest in the capital
Pregnant teen shot in road rage row dies after giving birth via C-section