MSME

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MSME

msme registration consultants

MSME- an abbreviation of Micro, Small & Medium enterprises- is the pillar of economic growth in many developed, and developing countries in the world. Though India is still facing infrastructural problems, lack of proper market linkages, and challenges in terms of the flow of institutional credit, it has seen tremendous growth in this sector.

 

Micro – Any business or enterprise whose investment in plant and machinery is less than Rs. 25 lakh

 

Small - Any business or enterprise whose investment in plant and machinery lies between Rs. 25 lakh to Rs. 5 crore

 

Medium - Any business or enterprise whose investment in plant and machinery lies between Rs. 5 crore to Rs. 10 crore

Benefits of MSME registration:

  • If a memorandum is filed by the MSME, then it is liable for timely payments by the buyer.
  • Certain exemptions under Excise Scheme and Direct Tax Laws are provided.
  • Statutory support is provided. It includes reservation and interests on The Delayed Payments Act.

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