Who Can Apply For MSME Registration in India


Who Can Apply For MSME Registration in India

MSME Registration is a government initiative to support entrepreneurs in the manufacturing sector. It provides them with a range of offers and benefits including priority sector lending, power tariff subsidies, capital investment subsidies, and more. In order to avail these offers, it is mandatory for enterprises to register themselves with the MSME Department.

Any manufacturing or service-oriented business can apply for MSME registration Consultant in Chennai. The MSME Act was enacted in 2006 to promote, facilitate and develop the competitiveness of small and medium enterprises. This initiative has made it easier for businesses to get registered in the MSME category. In order to determine whether a business is eligible for the MSME category, there are specific criteria such as turnover and investments that need to be met by the enterprise.

Apart from these criteria, there are certain other documents that need to be submitted in order to complete the MSME registration process. Some of these documents include proof of address (such as possession letter, property tax slip, and allotment letter), copies of sales bills and purchase bills, and a no objection certificate from the landlord.

The registration process is a simple and easy one, which can be completed in just a few hours. With the help of a professional service provider like FilingPoint.com. Once the registration is done, you will receive a virtual certificate from the Ministry that will be valid for a lifetime. You can cancel your MSME registration anytime by sending a written request along with the reasons for the closure to the Udyog Aadhaar.

 


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