{"id":225,"date":"2020-05-21T08:48:53","date_gmt":"2020-05-21T03:18:53","guid":{"rendered":"http:\/\/www.signsandmarks.com\/blog\/?p=225"},"modified":"2020-05-21T08:48:59","modified_gmt":"2020-05-21T03:18:59","slug":"msme","status":"publish","type":"post","link":"http:\/\/www.signsandmarks.com\/blog\/msme\/","title":{"rendered":"MSME (Micro Small and Medium Enterprises)"},"content":{"rendered":"\n

How to Register your Business as MSME?<\/span><\/em> Whats are the Advantages of MSME registration?<\/span><\/em><\/p><\/blockquote>\n\n\n\n

MSME stands for Micro, Small and Medium Enterprises<\/strong>
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\"Advantages<\/figure>
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A micro enterprise is an enterprise where the investment in equipment does not exceed Rs. 10 lakh; (25 Lakhs for units engaged in manufacture or production, processing or preservation of goods)<\/p>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n

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A small enterprise is an enterprise where the investment in equipment is more than Rs.10 lakh but does not exceed Rs. 2 crore; (25 Lakhs to 5 Crore for units engaged in manufacture or production, processing or preservation of goods)<\/p>\n<\/div><\/div>\n\n\n\n

A medium enterprise is an enterprise where the investment in equipment is more than Rs. 2 crore but does not exceed Rs. 5 crore.(5 Crore to 10 Crore for units engaged in manufacture or production, processing or preservation of goods)<\/p>\n\n\n\n

Revised Criteria (Effective Date not known)<\/strong><\/p>\n\n\n\n

Classification<\/strong><\/td>Micro<\/strong><\/td>Small<\/strong><\/td>Medium<\/strong><\/td><\/tr>
For Service and enterprises engaged in manufacture or production, processing or preservation of goods<\/td>Investment in Plant and Machinery should not exceed 1 crore and Turnover should exceed Rs.5 crore<\/td>Investment in Plant and Machinery should not exceed 10 crore and Turnover should exceed Rs.50 crore<\/td>Investment in Plant and Machinery should not exceed 20 crore and Turnover should exceed Rs.100 crore<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Advantages of MSME<\/strong><\/h2>\n\n\n\n
  1. Collateral Free loan under CGTMSE scheme up to a maximum limit of Rs 1 crore<\/li>
  2. Credit linked Subsidy of 15% of technology adoption cost. Maximum subsidy is limited to Rs.15 lacs.<\/li>
  3. Reimbursement of 75% of the certification expenses up to a maximum of Rs.75,000\/- for ISO Certifications<\/li>
  4. Concessional fee\u00a0 (discount upto 50%) on Government fee for Trademark and patent applications.<\/li>
  5. Concessional Electricity charges<\/li>
  6. Protection against delayed payment exceeding 15 days from the date of delivery of good\/ service or date of agreed payment. After 45 days delay, Interest which is calculated 3 times the RBI rate is payable to MSME from the buyer of Goods and Services.<\/li><\/ol>\n\n\n\n

    Requirements for MSME Registration<\/strong><\/h2>\n\n\n\n