We provide DIC registration services in Mumbai,Thane, Raigadh, Palgahar to avail following benefits.
In accordance with the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are classified in two Classes:
(a) Manufacturing Enterprises- The enterprises engaged in the manufacture or production of goods pertaining to any industry specified in the first schedule to the industries (Development and regulation) Act, 1951). The Manufacturing Enterprise is defined in terms of investment in Plant & Machinery.
(b) Service Enterprises: The enterprises engaged in providing or rendering of services and are defined in terms of investment in equipment.
The limit for investment in plant and machinery / equipment for manufacturing / service enterprises, as notified, vide S.O. 1642(E) dtd.29-09-2006 are as under:
Investment in plant & machinery
Micro Enterprises Does not exceed twenty five lakh rupees
Small Enterprises More than twenty five lakh rupees but does not exceed five crore rupees
Medium Enterprises More than five crore rupees but does not exceed ten crore rupees
Investment in equipments
Micro Enterprises Does not exceed ten lakh rupees:
Small Enterprises More than ten lakh rupees but does not exceed two crore rupees
Medium Enterprises More than two crore rupees but does not exceed five core rupees
Advantages of SSI or MSME Registration
Online MSME registration enables the enterprises to claim various benefits offered by the Governments under the MSMED Act. Here are benefits to claim through online SSI registration.
Subsidized Loan Support
The finance can be availed easily based on this registration with lower rate of interest. To aid these financial needs of MSME sector in better way, the Government has profoundly participated to ease the fund raising through registered institutions such as SIDBI (Small Industries Development Bank of India) and State Financial Corporations. Government also extends the financial assistance to MSME in form of Pradhan Mantri MUDRA Yojana (launched in April, 2015). Micro Units Development & Refinance Agency Limited (MUDRA) is set up with for refinancing activities relating to micro units. Read details at MUDRA Loan – Financial Assistant to MSME.
Rebate on Trademark Application
The Businesses which has obtained the MSME Registration certificate can get 50% rebate of the Government Fees during the registration of trademark. The Government fee prescribed for the partnership firms, LLPs and Companies etc. is Rs 9000/- for online Trademark Registration Application. In given case, said entity can get itself registered under the Act and claim rebate based on the MSME certificate.
With the implementation of the Goods and Services Tax laws the existence of the micro, small and medium enterprises is formalized through their registration. The said formalization has adversely affected the cash flow that led to difficulties in repayment of the obligations. Reserve Bank of India, the Apex bank has liberalized the criteria of the asset classification for MSME enterprises registered under GST as on 31st Jan 2018. If the amount payable to banks or other financial institutions are overdue for a period not exceeding 180 days, it is classified as Standard Assets by the banks. Being said, to get benefited by above condition, the said enterprise shall also be accounted as Standard Assets as on 31st day of August, 2017.