MSME Registration is an optional Registration under the MSMED Act that provides Micro, Small and Medium sized enterprises with a lot of benefits such as interest rate concessions, tax benefits and access to a range of subsidies and schemes, aimed at developing MSME.

Classification of the enterprises into Micro, Small and Medium Enterprises (MSMEs)?

The MSMED Act classifies the MSMEs into-
(a) Manufacturing Enterprises, and
(b) Service Enterprises.

Basis	Micro	Small	Medium
Investment	Upto Rs. 1 crore	Between Rs. 1 crore and Rs. 10 crores	Between Rs. 10 crores and Rs. 50 crores
Turnover	Upto Rs. 5 crores	Between Rs. 5 crores and Rs. 50 crores	Between Rs. 50 crores and Rs. 250 crores

Benefits of Getting Registered Under MSMED Act, 2006

Indian Government has promoted the registration of Micro, small and medium enterprises (MSMEs) by providing various benefits to this sector. Such benefits can be availed only if the business had registered themselves as an MSME/SSI under MSME Act.

Major benefits offered by the Central Government includes the following:

• Collateral free loans up to a limit of Rs. 200 lacs.
• Credit Linked Capital Subsidy Scheme for Technology Upgradation
• ISO 9000/ISO 14001 Certification Reimbursement Scheme
• Micro Finance Programme.
• MSME Market Development Assistance (MDA).
• Exemption under Direct Tax and Statutory support such as reservation and the interest on Delayed payments Act.
• Excise exemption scheme.
• Easy sanction of bank loans (Priority sector lending).
• Lower rates of Interest.

We, at Puneet Bajaj & Co, best MSME Consultant in Delhi help businesses in obtaining of new registrations, amendment in existing registrations and consultation on the benefits granted by government.