MSME Registration in India

The Micro, Small and Medium Enterprises 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 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 rate of interest charged would be very less, tax subsidies, capital investment subsidies and much other support from the government sector.

We can help your business obtain MSME Registration online to avail a host of benefits. MSME online registration or SSI online registration can be done through Impulse Advisor in Delhi NCR, Mumbai, Bengaluru, Chennai & all other Indian cities.

Benefits of MSME registration

The benefits of MSME registration include priority sector lending, power tariff subsidies, capital investment subsidies and excise and direct tax exemptions. Following are the conditions which need to be fulfilled to qualify under MSME Act.

• All the manufacturing enterprises which have invested less than 10 crores in machinery and plant are allowed to be registered as MSME.
• 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.