MSME Registration
MSME Registration
The MSME Registration are considered as a very significant piece of India’s legacy economic model and a part of the critical supply chain for products and services. This sector is the job creator as well as play a crucial role in providing large-scale employment and industrialization of rural and backward areas. In 2015-2016, according to the National Sample Survey (NSS) 73rd round, there were around 633.8 lakh unincorporated non-agriculture enterprises in the country which are dealing in different economic activities providing employment to 11.10 crore workers.
Although getting MSME online registration in Delhi is not mandatory but it is always suggested to small and medium enterprises to get it done it provides a variety of benefits. Benefits such as the rate of interest charged would be very less, tax subsidies, capital investment subsidies, and much other support from the government sector.
Corpregius can help your business obtain MSME Registration online to avail of a host of benefits. MSME online registration or SSI online registration can be done through Corpregius in Delhi NCR, Mumbai, Bengaluru, Chennai & all other Indian cities.
In India, MSME introduced in the year 2006. Actually, there are still some service sector that was not yet included in this sector was included in the definition of the Micro, Small and Medium-sized Enterprises making a historic change to this Act. Hence, leveraging the scope of the sector even now the government simplified the MSME Registration online with paperless work.
The MSME Registration Benefits include priority sector lending, power tariff subsidies, capital investment subsidies, and excise and direct tax exemptions. The following are the conditions that need to be fulfilled to qualify under the MSME Act.
- All the manufacturing enterprises which have invested less than 10 crores in machinery and plant are allowed to be registered as MSME Registration Process.
- In service enterprises, the investment in plant and machinery should not be more than 5 crores.
- And in near future, if your enterprise exceeds the maximum limit, then it will not sum up as MSME.MSMEMSME Registration Process
Documents Required The MSME Registration
Application form
Residence proof of the applicant
Undertaking with regard to amusement activities
Site Plan and postcard size photographs of Eating House
An affidavit on stamp paper of Rs.10/- duly attested by Notary Public
Fire NOC, if the seating capacity of the eating house is 50 or more
Undertaking regarding the installation of CCTV Cameras with 30 days recording facility
Photocopy of valid NDMC/MCD/DCB/Airport Authority of India Trade license and fee receipt
Document(s) to prove the legal occupancy of the place of Eating House and in case of tenancy, NOC from the landlord
What Are The Different Types of MSMEs?
Micro Enterprises
Micro-enterprises are the smallest entities, of course. The investment under Micro manufacturing enterprises should be less than Rs. 25 lakhs in plant and machinery, whereas, the microservice enterprises should not exceed Rs. 10 lakhs investment..
Small Enterprises
In small manufacturing enterprises, the investment should be in between Rs. 25 lakh and Rs. 5 crores in plant and machinery, while in small service enterprises this investment limits between Rs. 10 lakh and Rs. 2 crores.
Medium Enterprises
And if we’ll talk about the Medium manufacturing enterprises, then the investment should be in between Rs. 5 crore and Rs. 10 crores in plant and machinery, and for small service enterprises it should be in between Rs. 2 crore and Rs. 5 crores.