Benefits of MSME Registration / Certificate in India

THE CREDIT GUARANTEE FUND SCHEME (CGTMSE SCHEME) FOR MICRO, SMALL AND MEDIUM ENTERPRISES WAS LAUNCHED BY THE GOVERNMENT TO MAKE AVAILABLE COLLATERAL FREE LOANS TO THE MICRO, SMALL AND MEDIUM ENTERPRISES. EXISTING AND NEW, BOTH TYPES OF ENTERPRISES ARE ELIGIBLE FOR LOANS UNDER CGTMSE SCHEMES.

THE MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES, GOVERNMENT OF INDIA AND SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (SIDBI), ESTABLISHED A TRUST NAMED CREDIT GUARANTEE FUND TRUST FOR MICRO AND SMALL ENTERPRISES (CGTMSE) TO IMPLEMENT THE CREDIT GUARANTEE FUND SCHEME FOR MICRO, SMALL AND MEDIUM ENTERPRISES IN INDIA.
ONE OF THE IMPORTANT POLICY MEASURES FOR PROMOTING MANUFACTURING SECTOR IN INDIA IS THE RESERVATION OF ITEMS FOR EXCLUSIVE MANUFACTURE IN SSI SECTOR.

ABOVE MEASURE HAS BEEN STATUTORILY PROVIDED FOR IN THE INDUSTRIES (DEVELOPMENT AND REGULATION) ACT, 1951, HAS BEEN ONE OF THE IMPORTANT POLICY MEASURES FOR PROMOTING THIS SECTOR.

TWO OBJECTIVES OF THIS POLICY HAS BEEN AS FOLLOWS: 1) TO ENSURE ITHAT PRODUCTION OF CONSUMER GOODS IN THE SMALL SCALE SECTOR INCREASES

2) EXPAND EMPLOYMENT OPPORTUNITIES THROUGH SETTING UP OF MSME IN MANUFACTURING SECTOR
INDIAN ENTREPRENEURS HAS ALWAYS SEEN THE PROBLEM IN GETTING LICENSES ISSUED FOR THEIR BUSINESSES, HOWEVER NOW GOVERNMENT HAS PAID SPECIAL ATTENTION TO THOSE BELONGING TO MSME SECTORS

GOVERNMENT HAS MADE VERY EASY FOR ALL ENTERPRISES THAT ARE HAVING MSME CERTIFICATE TO OBTAIN LICENSES, APPROVALS AND REGISTRATIONS ON ANY FIELD FOR THEIR BUSINESS FROM THE RESPECTIVE AUTHORITIES AS THEY CAN PRODUCE THE CERTIFICATE OF MSME REGISTRATION & QUOTE THEIR UAM NUMBER WHILE MAKING APPLICATION.
AS PER THE INTERNATIONAL COOPERATION SCHEME, FINANCIAL ASSISTANCE IS BEING PROVIDED BY WAY OF REIMBURSEMENT BASIS FOR DEPUTATION OF MSME BUSINESS DELEGATION TO OTHER COUNTRIES.

THIS REIMBURSEMENT IS GIVEN FOR EXPLORING NEW AREAS TO MSMES TO FOR PARTICIPATION BY INDIAN MSMES IN INTERNATIONAL EXHIBITIONS, TRADE FAIRS, BUYER SELLER MEET AND FOR HOLDING INTERNATIONAL CONFERENCE AND SEMINARS WHICH ARE IN THE INTEREST OF MSME SECTORS
THE SCHEME OF REFUND OF OCTROI HAS BEEN PROVIDED UNDER THE PACKAGE SCHEME OF INCENTIVES, 1993.

AS INSTRUCTED BY THE GOVERNMENT, OCTROI WAS TO BE BE INCLUDED IN THE NEW SCHEME UP TO 31-3-2006,

ON THE SAME PATTERN. WHERE ACCOUNT-BASED CESS OR OTHER LEVY IS CHARGED IN LIEU OF OCTROI, SUCH CHARGED AMOUNT WILL ALSO BE ELIGIBLE FOR REFUND, AS IN THE CASE OF OCTROI.
MSME REGISTERED ENTERPRISES CAN ENJOY DIRECT TAX EXEMPTION, BUT ONLY IN THE INITIAL YEAR OF BUSINESS, DEPENDING ON BUSINESS ACTIVITY.

NOTE : NO SUCH EXEMPTIONS ARE CURRENTLY BEING PROVIDED BY GOI.

SUBSIDY FOR MSME APPLYING FOR BAR CODE REGISTRATION

MSME REGISTERED ENTERPRISES ARE ELIGIBLE TO AVAIL BAR CODE REGISTRATION SUBSIDY. FOR CLAIMING SUCH SUBSIDY, ENTERPRISES SHOULD GET IN TOUCH WITH THEIR REGIONAL DIC.
MSME REGISTERED ENTERPRISES ARE ELIGIBLE TO AVAIL SUBSIDY ON PERFORMANCE AND CREDIT RATING DONE BY NSIC. FOR CLAIMING SUCH SUBSIDY, ENTERPRISES SHOULD GET IN TOUCH WITH THEIR REGIONAL DIC.
MSME REGISTERED ENTERPRISES ARE ELIGIBLE TO AVAIL SUBSIDY ON INDUSTRIAL PRAMOTION SUBSIDY (IPR) FOR CLAIMING SUCH SUBSIDY, ENTERPRISES SHOULD GET IN TOUCH WITH THEIR REGIONAL DIC.
FOR FACILITATING & MEETING WORKING CAPITAL REQUIREMENTS & TECHNOLOGY UPGRADATION OF MSME ENTREPRENEURS GOVERNMENT HAS INTRODUCED A COMPOSITE LOAN LIMIT OF UPTO RS.1 CRORE. WORKING CAPITAL AND TERM LOAN BOTH WILL BE SANCTIONED THROUGH SINGLE WINDOW IN TERMS OF RBI MASTER CIRCULAR ON LENDING TO THE MSME SECTOR.
FOR THE BENEFIT OF THE MSME ENGAGED IN MANUFACTURING INDUSTRIES, NATIONAL MANUFACTURING COMPETITIVENESS PROGRAMME (NMCP) INTRODUCED IN THE YEAR 2007-08 IS THE NODAL PROGRAMME OF THE GOVERNMENT TO DEVELOP GLOBAL COMPETITIVENESS AMONG INDIAN MSMES ENGAGED IN MANUFACTURING SECTOR.

THE PROGRAMME TARGETS AT ENHANCING ENTIRE VALUE CHAIN OF THE MSME SECTOR, THROUGH FOLLOWING LIST OF SCHEMES:

(A) LEAN MANUFACTURING COMPETITIVENESS SCHEME FOR MSMES;
(B) PROMOTION OF INFORMATION & COMMUNICATION TOOLS IN MSME SECTOR
(C) QUALITY UP-GRADATION & TECHNOLOGICAL SUPPORT TO MSMES
(D) DESIGN CLINICS SCHEME FOR MSME IN MANUFACTURING SECTOR
(E) INTRODUCING QUALITY MANAGEMENT STANDARDS (QMS) AND QUALITY TECHNOLOGY TOOLS (QTT) FOR ENABLING MANUFACTURING SECTOR TO BE COMPETITIVE
(F) TECHNOLOGY UPGRADATION& MARKETING ASSISTANCE SCHEME FOR MSMES;
(G) SETTING UP OF MINI TOOL ROOM UNDER PUBLIC PRIVATE PARTNERSHIP MODE
(H) NATIONAL CAMPAIGN FOR PROVIDING AWARENESS ON INTELLECTUAL PROPERTY RIGHTS (IPR);
(I) DEVELOPMENT OF ENTREPRENEURIAL AND MANAGERIAL SMES THROUGH INCUBATORS.
(J) BAR CODE UNDER MARKET DEVELOPMENT ASSISTANCE SCHEME.
THE INDIAN MINISTRY CONDUCTS VARIOUS TRAINING PROGRAMMED THROUGH ITS ORGANISATIONS FOR SELF EMPLOYMENT AS WELL AS WAGE EMPLOYMENT. THE TRAINING PROGRAMMED ARE FOCUSED ON SELF EMPLOYMENT IN THE COUNTRY. THUS ALL PROGRAMMED HAVE INPUT WHICH PROVIDE NECESSARY INFORMATION AND SKILLS TO A TRAINEE TO ENABLE HIM TO ESTABLISH THEIR OWN MICRO OR A SMALL ENTERPRISES. THIS PROGRAMMED INCLUDE TWO WEEK ENTREPRENEURSHIP DEVELOPMENT PROGRAMMED (EDP), SIX WEEK ENTREPRENEURSHIP SKILL DEVELOPMENT PROGRAMMED (ESDP). ONE WEAK MANAGEMENT DEVELOPMENT PROGRAMMED (MDP), ONE DAY INDUSTRIAL MOTIVATION CAMPAIGN(IMC), ETC. FOR MONITORING THE PROGRAMMED, A WEB BASED SYSTEM HAS BEEN DEVELOPED WHERE COORDINATOR OF THE PROGRAMMED ARE BOUND TO FEED ALL DETAILS OF TRAINEES INCLUDING THEIR PHOTO AND PHONE NUMBER ON THE WEBSITE. THE SAME WILL BE LINKED TO THE CALL CENTER OF INDIAN MINISTRY WHERE REAL TIME FEEDBACK IS OBTAINED FROM TRAINEES.
PRIORITY SECTOR LENDING INCLUDES ONLY THOSE SECTORS, AS PART OF PRIORITY SECTOR THAT IMPACT LARGE SECTIONS OF THE POPULATION, THE WEAKER SECTIONS AND THE SECTORS WHICH ARE EMPLOYMENT-INTENSIVE SUCH AS AGRICULTURE, AND MSME. DETAILED GUIDELINES FOR PRIORITY SECTOR LENDING ARE AVAILABLE ON RBI CIRCULAR.
PUBLIC SECTOR BANKS ARE ADVISED TO OPEN AT LEAST OF ONE SPECIALIZED BRANCH IN EACH DISTRICT. THE BANKS BEEN PERMITTED TO CATEGORIZE MSME GENERAL BANKING BRANCHES HAVING 60% OR MORE OF THEIR ADVANCES TO MSME SECTOR, AS SPECIALIZED MSME BRANCHES FOR PROVIDING SERVICE TO THIS SECTOR. AS PER THE POLICY PACKAGE ANNOUNCED BY THE INDIAN GOVERNMENT FOR STEPPING UP CREDIT TO MSME SECTOR, THE PUBLIC SECTOR BANKS WILL ENSURE SPECIALIZED MSME BRANCHES IN IDENTIFIED CENTRES WITH PREPONDERANCE OF SMALL ENTERPRISES TO ENABLE THE ENTREPRENEURS TO EASILY ACCESS BANK CREDIT AND TO EQUIP BANK PERSONNEL TO DEVELOP REQUISITE EXPERTISE. THOUGH THE CORE COMPETENCE WILL BE UTILIZED FOR EXTEND OF FINANCE AND OTHER SERVICES TO THE SECTOR OF MSME, THEY WILL HAVE OPERATIONAL FLEXIBILITY TO EXTEND THE FINANCE/RENDER OTHER SERVICES TO OTHER SECTORS/BORROWERS.
THE BANKS HAVE BEEN ADVISED BY THE RBI TO PUT LOAN POLICIES GOVERNING EXTENSION OF CREDIT FACILITIES FOR THE SECTOR OF MSME DULY APPROVED BY THE BOARD OF DIRECTOR; BANKS HAVE, HOWEVER, BEEN ADVISED TO SANCTION LIMITS AFTER THE PROPER APPRAISAL OF THE WORKING CAPITAL REQUIREMENTS OF THE BORROWERS KEEPING IN MIND THAT THEIR BUSINESS CYCLE AND SHORT TERM CREDIT REQUIREMENT. AS PER NAYAK COMMITTEE REPORT, WORKING CAPITAL LIMITS TO SSI UNITS IS CALCULATED ON THE BASIS OF MINIMUM 20% OF THE ESTIMATED TURNOVER UP TO CREDIT LIMIT OF RS.5 CRORE. FOR MORE DETAILS PARAGRAPH 4.12.2 OF THE RBI CIRCULAR ON LENDING TO THE MSME SECTOR DATED JULY 1, 2010.
THE TECHNOLOGY & QUALITY UP GRADATION SCHEME (TEQUP SCHEME )ENVISAGES ANOTHER ACTIVITY, CALLED, PRODUCT QUALITY CERTIFICATION.

THE MAIN OBJECTIVE OF PRODUCT QUALITY CERTIFICATION SCHEME IS TO ENCOURAGE MSMES TO ACQUIRE PRODUCT CERTIFICATION & LICENSES FROM NATIONAL AND INTERNATIONAL BODIES, WHICH WILL LEAD TO IMPROVING THEIR COMPETITIVENESS.

THE PRIMARY OBJECTIVE OF TEQUP SCHEME IS TO PROVIDE SUBSIDY TO MSME UNITS TOWARDS THE EXPENDITURE INCURRED BY THEM FOR OBTAINING PRODUCT CERTIFICATION LICENSES FROM NATIONAL AND INTERNATIONAL BODIES. UNDER THIS SCHEME, MSME ENAGED IN MANUFACTURING UNITS WILL BE PROVIDED SUBSIDY TO THE EXTENT OF 75% OF THE ACTUAL EXPENDITURE. THE MAXIMUM GOVERNMENT OF INDIA ASSISTANCE ALLOWED PER MSME IS RS.1,50,000 FOR OBTAINING PRODUCT LICENSING AND / OR MARKING TO NATIONAL STANDARDS AND RS. 2.0 LAKH FOR OBTAINING PRODUCT LICENSING AND / OR MARKING TO INTERNATIONAL STANDARDS. APPLICATION FOR AVAILING BENEFIT IS RESTRICTED TO ONLY ONCE UNDER THIS SCHEME.
SCHEME NAMED “BUILDING AWARENESS ON INTELLECTUAL PROPERTY RIGHTS (IPR)” FOR THE MSME IS BEING CONDUCTED UNDER THE NATIONAL MANUFACTURING COMPETITIVENESS PROGRAMME (NMCP) WITH THE OBJECTIVE TO ENHANCE THE COMPETITIVENESS OF THE MSME SECTOR.

THE MOTIVE OF THE SCHEME IS TO ENHANCE AWARENESS OF AMONGST THE MSME ABOUT INTELLECTUAL PROPERTY RIGHTS (IPRS). THEY ARE BEING ADVISED TO TAKE MEASURE FOR THE PROTECTING IDEAS AND BUSINESS STRATEGIES.
GOVERNMENT HAS MADE RULES UNDER MSMED ACT, 2005 WHEREIN ANY PERSON WHO HAS PURHASED GOODS AND / OR AVAILED SERVICES FROM ANY UNIT COVERED UNDER MSME LEGISLATION & HOLDING A VALID CERTIFICATE, DELAYS IN MAKING PAYMENT TO SUCH MSME REGISTERED UNIT, THEN SUCH MSME UNIT CAN MAKE COMPLAINT AGAINST SUCH ERRING CUSTOMER.

DETAILS ARE AS FOLLOWS :

THE MINISTRY OF MSME PROVIDES PROTECTION TO MSME REGISTERED BUSINESSES AGAINST DELAY IN PAYMENTS FROM BUYERS.

IT ALSO PROVIDES RIGHT OF INTEREST ON DELAYED PAYMENT. ANY DISPUTE ETC IS IS SORTED BY WAY OF CONCILIATION AND ARBITRATION AND SETTLEMENT OF DISPUTE IN MINIMUM TIME.

IF ANY MSME REGISTERED ENTERPRISE SUPPLIES ANY GOODS OR SERVICES, THEN THE BUYER IS REQUIRED TO MAKE PAYMENT ON OR BEFORE THE DATE AS PER THE AGREEMENT.

IN CASE THERE IS NO PAYMENT DATE MENTIONED ON THE AGREEMENT, THEN THE BUYER IS REQUIRED TO MAKE PAYMENT WITHIN FIFTEEN DAYS OF ACCEPTANCE OF GOOD OR SERVICES.

ALSO IN NO CASE, A PAYMENT DUE TO A MICRO OR SMALL ENTERPRISE EXCEED FORTY-FIVE DAYS FROM THE DAY OF ACCEPTANCE OF GOODS / SERVICES OR THE DAY OF DEEMED ACCEPTANCE.

IF THE BUYER FAILS TO MAKE PAYMENT ON TIME, THE BUYER IS REQUIRED TO PAY COMPOUND INTEREST WITH MONTHLY INTEREST RESTS TO THE SUPPLIER ON THAT AMOUNT FROM THE AGREED DATE OF PAYMENT OR FIFTEEN DAYS OF ACCEPTANCE OF GOODS OR SERVICE.

THE RATE OF PENAL INTEREST CHARGEABLE FOR DELAYED PAYMENT TO A MSME ENTERPRISE IS THREE TIMES OF THE BANK RATE NOTIFIED BY THE RESERVE BANK OF INDIA.

WHERE CAN THE AGGREIVED MSME MAKE COMPLAINT? SUCH AGGREIVED PARTY SHALL GET IN TOUCH WITH OFFICIALS AT LOCAL DIC OFFICE.
THE RATE OF INTEREST FOR ENTERPRISE THAT HAS MSME REGISTRATION ARE LOWER AS COMPARE TO OTHER ENTERPRISES.

IN GENERAL, THERE IS A RELIEF OF UPTO 1.00% IN THE INTEREST RATES PROVIDED TO THE MSME REGISTERED UNITS.

WHETHER BANKS HAVE ANY TARGETS OR STIPULATION ETC FOR ADVANCING LOANS TO MSME REGISTERED UNITS?

VARIOUS TARGETS ARE SET FOR BANKS FOR LENDING TO THE MSME ENTERPRISES. EVERY BANKS IN INDIA HAS TO ACHIEVE A 20% GROWTH IN CREDIT TO MICRO AND SMALL ENTERPRISES AND AN 10% ANNUAL GROWTH IN THE NUMBER OF MICRO ENTERPRISES ACCOUNTS.

60% OF TOTAL LENDING HAVE TO BE MADE TO MICRO AND SMALL ENTERPRISES SECTOR. THE BANKS HAVE TO FOLLOW THE FOLLOWING:

1. 40% OF THE TOTAL ADVANCES MUST GO TO MICRO AND SMALL ENTERPRISES INVOLVED IN MANUFACTURING HAVING INVESTMENT IN PLANT AND MACHINERY UP TO RS.10 LAKH AND FOR SERVICE ENTERPRISES HAVING INVESTMENT IN EQUIPMENT UP TO RS.4 LAKH.

2. 20% OF THE TOTAL ADVANCE TO MICRO AND SMALL ENTERPRISES SHOULD GO TO MANUFACTURING ENTERPRISES THAT HAVE ABOVE RS.10 LAKH TILL RS.25 LAKH INVESTMENT IN THE PLANT AND MACHINERY AND FOR SERVICE ENTERPRISES THAT HAVE INVESTMENTS IN EQUIPMENT ABOVE RS.4 LAKH

3. TO SIMPLIFY, 60% OF THE ADVANCES MUST GO TO MICRO ENTERPRISES.

SUBSIDY AVAILABLE TO MSME FOR PURCHASING FULLY AUTOMATIC MACHINERIES. MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES OPERATES A SCHEME NAMELY “CREDIT LINKED SUBSIDY SCHEME (CLCSS) FOR TECHNOLOGY UPGRADATION OF MSME REGISTERED ENTERPRISES. THIS SCHEME WAS LAUNCHED IN OCTOBER-2000 AND REVISED FROM 29.9.2005. REVISED SCHEME AIMS AT FACILITATING TECHNOLOGY UPGRADATION OF MICRO AND SMALL ENTERPRISES (MSMES) BY PROVIDING 15% CAPITAL SUBSIDY, THE UPPER LIMIT OF SUBSIDY IS LIMITED TO MAXIMUM RS.15 LAKHS PER MSME FOR PURCHASE OF PLANT & MACHINERY.
THE MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GIVES FOLLOWING RELAXATIONS TO MSME REGISTERED ENTERPRISES WHILE MAKING APPLICATION FOR GOVERNMENT TENDERS:

1. TENDER COPIES / APPLICATIONS ARE ISSUE FREE OF COST TO MSME UNITS.

2. MSMES ARE ALSO ENTITLED TO EXEMPTION OF PAYMENT OF EARNEST MONEY .

3. WAIVER OF SECURITY DEPOSIT IS AVAILABLE TO UNITS REGISTERED UNDER MSME / UDYOG AADHAAR UPTO THE MONETARY LIMIT FOR WHICH AT THE UNIT IS REGISTERED.
MSME REGISTERED ENTERPRISES CAN AVAIL CONCESSION ON ELECTRICITY BILL BY SUBMITTING AN APPLICATION TO ELECTRICITY DEPARTMENT ALONG WITH COPY OF MSME REGISTRATION CERTIFICATE.

IS AN MSME ELIGIBLE FOR REIMBURSEMENT OF ISO CERTIFICATION FEES PAID? MSME REGISTERED ENTERPRISES CAN GET THEMSELVES REIMBURSED FOR ISO CERTIFICATE EXPENSES BY MAKING APPLICATION TO RESPECTIVE AUTHORITY ALONG WITH MSME REGISTRATION CERTIFICATE.
MSME REGISTERED ENTERPRISES THAT CAN ENJOY EXCISE EXEMPTION IN THE INITIAL YEAR OF BUSINESS, AS MENTION IN THE EXCISE EXEMPTION SCHEME BY GOVERNMENT AND DEPENDING ON BUSINESS ACTIVITY.

NOTE : NO SUCH SCHEME IS IN OPERATION BASED ON INITIAL YEAR OF BUSINESS.
MSME REGISTERED ENTERPRISES CAN ENJOY A CUTTING EDGE VIS-À-VIS OTHER ENTERPRISES BY AVAILING BENEFIT OF 1% EXEMPTION ON INTEREST RATE ON OVER DRAFT (CC FACILITY)AVAILED FROM BANKS.
MSME REGISTERED ENTERPRISES CAN AVAIL 50% SUBSIDY FOR COST INCURRED TOWARDS PATENT REGISTRATION BY MAKING APPLICATION TO RESPECTIVE AUTHORITY.
MSMED MINISTRY HAS IMPLEMENTED A SCHEME NAMED CREDIT LINKED CAPITAL SUBSIDY SCHEME (CLCSS) FOR TECHNOLOGY UPGRADATION OF MSME REGISTERED UNITS IN THE COUNTRY.

UNDER THIS SCHEME, 15% OF CAPITAL SUBSIDY IS BEING PROVIDED TO REGISTERED MSME UNITS. WITH THE UPPER LIMIT, LIMITED TO A MAXIMUM OF RS 15 LAKH IS PROVIDED TO THE ELIGIBLE MSMES UNITS TO UPGRADE THEIR TECHNOLOGY WITH ESTABLISHED TECHNOLOGY, APPROVED BY SCHEME. 48. PRODUCTS / SUB-SECTORS HAVE BEEN APPROVED UNDER THE CLASS TILL DATE. IF YOU ARE MANUFACTURING MSME PRODUCT AND WANT TO UPGRADE THE TECHNOLOGY OF MANUFACTURING WITH THE WELL-ESTABLISHED AND IMPROVED TECHNOLOGY AS APPROVED UNDER THE SCHEME, THEN YOU NEED TO APPROACH NODAL AGENCIES OR ELIGIBLE FINANCIAL INSTITUTION FOR SANCTION OF TERM LOAN FOR THE PURCHASE OF ELIGIBLE MACHINERY.
CLUSTER LENDING IS INTENDED TO PROVIDE A SERVICE APPROACH TO CATER TO THE DIVERSE NEEDS OF THE MSME SECTOR WHICH ARE ACHIEVED THROUGH EXTENDING BANKING SERVICES TO RECOGNIZED MSME CLUSTERS. A CLUSTER BASED APPROACH ARE MORE BENEFICIAL (A)IN DEALING WITH WELL-DEFINED AND RECOGNIZED GROUPS (B) THE AVAILABILITY OF APPROPRIATE INFORMATION FOR THE RISK ASSESSMENT (C) MONITORING BY THE LENDING INSTITUTIONS AND (D) REDUCTION IN THE COSTS. THEREFORE THE BANKS HAVE BEEN ADVISED TO TREAT IT AS A THRUST AREA AND INCREASINGLY ADOPT THE SAME FOR MSME FINANCING. UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANISATION (UNIDO) HAS IDENTIFIED A TOTAL OF 388 CLUSTERS SPREAD OVER 21 STATES IN THE COUNTRY. THE MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES HAS ALSO APPROVED LIST OF CLUSTERS UNDER THE SCHEME OF FUND FOR REGENERATION OF TRADITIONAL INDUSTRIES (SFURTI) AND MICRO AND SMALL ENTERPRISES CLUSTER DEVELOPMENT PROGRAMME (MSE-CDP) LOCATED IN A TOTAL OF 121 MINORITY CONCENTRATION DISTRICTS. ACCORDINGLY, BANKS ARE ADVISED TO TAKE APPROPRIATE MEASURES TO IMPROVE THE CREDIT FLOW TO THE IDENTIFIED CLUSTERS. BANKS HAVE ALSO BEEN ADVISED THAT THEY SHOULD OPEN MORE MSME FOCUSED BRANCH OFFICES AT DIFFERENT MSME CLUSTERS WHICH CAN ALSO ACT AS COUNSELING

Faq's for MSME Registration / Certificate

GENERALLY IT TAKES 1 DAY TO GENERATE THE CERTIFICATE.

IT WILL COME ON YOUR REGISTERED EMAIL ADDRESS?

Newly launched 59 Minutes Loan.
Collateral Free loans from banks
1% exemption on interest rate on OD
Subsidy on NSIC Performance and Credit ratings
Protection against delay in payment
Reduction in rate of Interest from banks
15% CLCSS subsidy to purchase fully
Waiver in Security Deposit in Government
Concession in electricity bills
50% subsidy for patent registration
Reservation policies to manufacturing / production sector:
Very easy to get Licenses, approvals and registrations
Special consideration on international trade fairs:
Bar Code registration subsidy

IT IS A LIFE TIME VALID CERTIFICATE, NO RENEWALS REQUIRED.

For Proprietorship Firm             
AADHAAR NUMBER> of the Proprietor.            
PAN NUMBER> of the Proprietor.            
BANK A/C NUMBER> Current A/c or Savings A/c of the Proprietor.            
IFSC CODE> of the account whose number has been provided above.            
               
For PartnerShip Firm              
AADHAAR NUMBER> of the any Partner.            
PAN NUMBER> of the partner whose Aadhaar No. has been Provided            
BANK A/C NUMBER> Current A/c of the Partnership Firm.            
IFSC CODE> of the account whose number has been provided above.
               
For Public / Pvt. Ltd. / LLP / OPC / SELF HELP GROUP.              
AADHAAR NUMBER> of the any Director            
PAN NUMBER> of the director whose Aadhaar No. has been Provided            
BANK A/C NUMBER> Current A/c of the Public / Pvt. Ltd.            
IFSC CODE> of the account whose number has been provided above.
               
For HUF              
AADHAAR NUMBER> of the Karta.            
PAN NUMBER> of the Karta.            
BANK A/C NUMBER> Current A/c or Savings A/c of the HUF.            
IFSC CODE> of the account whose number has been provided above.

YES, YOUR CERTIFICATE WILL CONTAIN YOUR NAME AS PER YOUR AADHAAR CARD.

YOU GET GET MSME CERTIFICATE GENERATED NOW. LATER ON WHEN MISTAKE IS CORRETED ON         
YOUR AADHAAR CARD, YOU CAN GET MSME UPDATED.

PAN NUMBER OF PARTNERSHIP FIRM / PVT LTD / PUBLIC LTD / COOP, SHG ETC WILL BE REQUIRED.

PROVIDE SAME ADDRESS IN BOTH THE FIELDS VIZ. OFFICE & PLANT.

MSME / UA CAN BE GENERATED FOR EVERY BUSINESS UNDER MANUFACTURING / SERVICE SECTOR.

YES, WE NEED ONLY ADDRESS OF THE PREMISES, WE DON’T NEED ADDRESS PROOF

YES, YOU CAN ! SUBMIT ANY OTHER ID PROOF OTHER THAN AADHAAR CARD. IT WILL TAKE 24-48 HOURS FOR CERTIFICATE TO GGENERATE.
GENERALLY IT IS DELIVERED ON CLIENTS REGISTRERED E-MAIL ADDRESS, BUT IN CASE YOU DON’T RECEIVE THE CERTIFICATE, YOU CAN CALL US & WE WILL PROVIDE IT TO YOU.
FUTURE DATES CAN NOT BE GIVEN, ONLY PAST DATES CAN BE GIVEN IN CERTIFICATE. NOTE : TODAY’S DATE IS ALSO NOT ACCEPTED.
YOU CAN PROVIDE SAVINGS BANK A/C DETAILS.
PROVIDE US WITH YOUR BANK NAME, BANK ADDRESS WE WILL FIND IFSC CODES FOR YOU.
NO, IT IS A LIFE TIME VALID CERTIFICATE. NO RENEWALS REQUIRED.
IF YOU HAVE 2 BUSINESSESS & NAME OF BOTH THE BUSINESSESS ARE DIFFERENT, YOU CAN APPLY FOR A 2ND MSME REGISTRATION CERTIFICATE.
UPTO 12 MB, ANY FORMAT CAN BE UPLOADED. JPG FORMAT IS PREFFERED.

Trace UDYOG Aadhaar / MSME Registration Procedure - Fast and Easy..!!

Fill the Udyog Aadhaar / MSME registration form

Make online payment to confirm your application

Our executive will process your application

Receive your Udyog Aadhaar / MSME certificate in your registered e-mail address

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