Micro, Small, and Medium
Enterprises not only play a significant role in the economic growth of the nation
but also uplift the socio-economic status of rural people. According to the statistics
by the Ministry of MSMEs; after agriculture MSMEs are the second largest
employment creator in the country (around 45%), it contributes 50% of total
exports, and over 6,000 different types of products are manufactured in these
industries.
MSMEs stands for Micro, Small,
and Medium Enterprises. According to the MSME Act 2006, MSMEs are classified
into two types; Manufacturing Enterprises and Service Enterprises. MSME
Registration is simple, by simply visiting the official website of MSMEs one
can fill the application form for MSME registration.
Advantages of MSME Registration:
·
It is easy to avail loans from banks at a low-interest
rate, which is around 1 to 1.5%, once a person goes for MSME Registration in
India.
·
There are several tax subsidies offered to
MSMEs that are registered in India.
·
After registration, MSMEs can leverage
opportunities of Government tender.
·
MSME industries get easy access to credit.
·
After MSME registration, it becomes easy for a
business to get a government certificate or license.
Eligibility for MSME Registration:
·
A person who is part of a Hindu Undivided
family.
·
A person who has a limited liability
partnership.
·
A person who owns a partnership firm having
another party as his/her association.
·
A person who is a sole proprietor.
·
A person who is an owner of One Person Company.
·
A person who has a private limited company.
·
A person who has a production company and is actively
involved in the production of materials.
·
A person who has co-operative societies.
Why Take MSME Registration Services by Legal
Firm?
·
Legal firms have dexterous and well-seasoned
professionals.
·
Legal firms accomplish MSME registration with
complete accuracy.
·
Transparent process and no opaque charge.
·
Affordable service price.
·
End-to-end assistance and support.
Global Jurix
S-191 C, 3rd floor, Manak Complex
School Block, Shakarpur
New Delhi - 110092, India
Website:www(dot)globaljurix(dot)com
Call at: +91-9810-062-387
Mail at: corporate(at)globaljurix(dot)com
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