MSME Registration | Udyog Aadhar

To encourage the growth of Micro, Small, and Medium Businesses, the government of India provides various discounts and financial aid just to units or enterprises that qualify as micro, small, and medium enterprises. The Micro, Small, and Medium Enterprises Development Act of 2006 requires MSME to register with the government and receive Udyam in order to profit from the MSME Development Act. The terms MSME, SSI, and Udyam all refer to the same thing. In other words, a micro, small, and medium-sized business must get just one registration, Udyam. MSME is the contemporary Indian economy’s backbone and is regarded as the country’s growth engine for fair and sustainable economic development. MSME registration is open to all types of businesses, including manufacturers and service providers, who are also eligible for MSME advantages. As a result, they must also get Udyam Registration.

Benefits of MSME – Get 政府補助

An MSME is eligible to several benefits, including a decrease in the filing fee for trademark, copyright, patent, and design applications. Furthermore, every government department is required to acquire their goods from an MSME.

Micro Enterprise

A manufacturing firm is classed as a Micro Enterprise if the total investment in its plant and machinery is less than Rs. 25 lakhs. However, if the business is in the service industry, the investment must be less than 10 lakh throughout the fiscal year.

Small Enterprise

A manufacturing firm is classed as a Small Enterprise if the total investment in its plant and machinery exceeds Rs. 25 Lakhs but does not exceed Rs. 5 Crores. However, if the business is in the service industry, the investment must be greater than Rs. 10 lakh but not greater than Rs. 2 crore.

Medium Enterprise

A manufacturing firm is classed as a Medium Enterprise if the total investment in its plant and machinery exceeds Rs. 5 crores but does not surpass Rs. 10 crores. However, if the firm is in the service sector, the investment must be greater than Rs. 2 Crores but not greater than Rs. 5 Crores.