The very first thing that comes to our mind is what MSME is all about. Hence, the following are the brief explanation covering MSME registration investing in plant and machinery -
The government has made it compulsory to have an Aadhar Number for registering under online MSME Registration under the MSME act. An application will be filed online using the official website of Udyog Aadhar Registration at www.udyogaadhaar.gov.in and this can be verified using the Aadhar OTP.
MSME or Micro Small and Medium Enterprise, presently the government of India has introduced various schemes, subsidies, and incentives to promote MSME through MSMED act. Not only the government but the banks are also providing loans to these MSME at very concessional rates to set their first brick of the business. However, to get these benefits from the central and the state government or the banking sector, you must get your MSME Registration.
You can apply for MSME registration online if you fulfill one or multiples of the following criteria or are associated with the following, such as if:-
Undoubtedly MSME Registration Process is completely online but subsequently, you need a professional to fill up your application and getting approval from the department because many of us are not aware of the latest rules and regulation of the government.
Moreover, each state has a separate District Industries Centre department and these authorities approved the MSME Registration Certificate with the MSME Number. It is not mandatory to have a MSME registration but there are certain benefits that you will avail if you get your MSME Registration done.
The micro and medium enterprises in the manufacturing sector and the service sector can obtain MSME Registration. Though the MSME Registration is not exactly statutory yet it is quite beneficial for certain businesses as it provides with a range of several benefits like:-
Now, the company who has a small scale set up can go for SSI Registration. The Government has benefited the industries buy allowing SSI Registration Online.
As per the Notification released on 07th February 2018 SSI registration by manufacturing enterprise can be obtained by complying following conditions-
The SSI registration can be avail for acquiring all the benefits and subsidies that are available under a registration as the registration is totally voluntary to obtain.
SSI Registration will contribute to the economic growth of the nation. Before heading straight for the operations what you can do is to first go with the provisional SSI registration certificate or PRC eventually. With the help of SSI Registration certificate, one may be able to obtain term loans, capital for working and government regulatory bodies would give clearance as well. You can go for SSI Registration online as there are numerous benefits that are provided by the Indian government for achieving the economic growth at a faster pace and with SSI registration one can get easy credit and subsidies along with tax rebates and exemptions.
The SSI registration process is similar to MSME Registration Procedure. Furthermore, the SSI registration can be canceled anytime if it exceeds the prescribed amount of turnover or investment by the government.