Who Can Apply For MSME Registration in India


Who Can Apply For MSME Registration in India

 "Call Our Business Plan Experts at +91-72999-72500"

MSME stands for Micro, Small and Medium Enterprises. Enterprises that fall under the categories of manufacturing and service sector can obtain MSME registration to enjoy various benefits like cheaper bank loans, ease of business license application, tax benefits etc.

To get MSME registration, the enterprise must fulfill the following eligibility criteria:

The enterprise must have a turnover of less than Rs. 50 crore in the preceding financial year.

The investment in plant and machinery should not exceed Rs. 10 crore in the case of a medium manufacturing enterprise, and Rs. 2 crore in the case of a small service enterprise.

Once the registration process is complete, the enterprise will be allocated an EM number which should be displayed on letterheads, bills, invoices, and supply order sheets. This will help the company identify itself as an authorised MSME supplier. Additionally, an EM number will also grant the enterprise access to credit from banks at lower interest rates. MSME enroled enterprises can also benefit from different government tenders that are exclusive to the sector.

Getting MSME registration is a smart move for any business that aims to grow and increase its profitability. This is because the SMEs enjoy multiple advantages such as reduced lending rates, tax subsidies, capital investment subsidies, etc. Additionally, obtaining the certificate is hassle-free with the help of a service provider such as FilingPoint. For more information about the MSME registration process, contact FilingPoint today!

 

Tel:+917299972500

info@filingpoint.com

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