What are Micro, Small and Medium Enterprise?
| Particulars | MICRO | SMALL | MEDIUM |
|---|---|---|---|
| Manufacturing Enterprises | Rs 2,500,000 | Less than Rs 50,000,000 | Less than Rs 100,000,000 |
| Service Enterprises | Less than Rs 10,00,000 | Less than Rs 20,000,000 | Less than Rs 50,000,000 |
Benefits of MSME / Udyog Aadhar Registration
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Collateral Free loans from banks
The Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGS) was launched by the Government of India to make available collateral-free credit to the micro and small enterprise sector. Both the existing and the new enterprises are eligible to be covered under the scheme. The Ministry of Micro, Small and Medium Enterprises, Government of India and Small Industries Development Bank of India (SIDBI), established a Trust named Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) to implement the Credit Guarantee Fund Scheme for Micro and Small Enterprises
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Reservation policies to manufacturing / production sector:
Reservation of items for exclusive manufacture in SSI sector statutorily provided for in the Industries (Development and Regulation) Act, 1951, has been one of the important policy measures for promoting this sector.
The Reservation Policy has two objectives
Ensure increased production of consumer goods in the small scale sector
Expand employment opportunities through setting up of small scale industries -
Very easy to get Licenses, approvals and registrations:
It has made very easy for enterprises that are having MSME Certificate to obtain Licenses, approvals and registrations on any field for their business from the respective authorities as they can produce the Certificate of MSME Registration while making application.
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Special consideration on international trade fairs:
Under the International Cooperation Scheme, financial assistance is provided on reimbursement basis to the State/Central Government organizations, industries/enterprises Associations and registered societies/trusts and organizations associated with MSME for deputation of MSME business delegation to other countries for exploring new areas of MSMEs, participation by Indian MSMEs in international exhibitions, trade fairs, buyer seller meet and for holding international conference and seminars which are in the interest of MSME sectors
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Octroi benefits:
The scheme of refund of octroi provided under the Package Scheme of Incentives, 1993 will be included in the new Scheme up to 31-3-2006 on the same pattern. Where account-based cess or other levy is charged instead of or in lieu of octroi, such change will also be eligible for refund as in the case of octroi.
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Waiver of Stamp Duty and Registration Fees:
At present, IT units in public IT Parks are exempted from stamp Duty and Registration fees upto 31st March 2006. Now all new industrial units having MSME Registration and expansions will be exempted from payment of Stamp Duty and Registration fees
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Exemption under Direct Tax Laws:
Enterprises that have MSME Registration can enjoy Direct Tax Exemption in the initial year of business, as mention in the scheme by Government and depending on business activity.
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Bar Code registration subsidy:
Enterprises that have MSME Registration can avail Bar Code Registration subsidy as mentioned in the scheme
Trademark Registration
A trademark can be defined as the unique identity that makes your product or service stand out from the rest. The unique identity or expression can be a logo, photograph, slogan, word, sound, smell, color combination or graphics. Most of the businesses usually look for registration of logo or name only. If you have come up with a unique idea or logo, then the only way to protect it as your own unique identity is to patent it. A registered trademark is your business’s intellectual property or intangible asset. It acts as a protective cover of the company’s investment made in the logo or brand.
In India, trademarks are registered by the Controller General Of Patents, Designs and Trademarks, Ministry Of Industry and Commerce, Government Of India. You can register the trademark under the act named, The Trademark Act, 1999. The registration provides the right to sue against others who try to copy your trademark. Also, no one else can use a similar trademark to the one registered by another person. Once you register a trademark, you can use an R symbol along with it, and it will be valid till 10 years from the date of registration. You can easily get a ™ within 3 days. But, to get an ®, it takes up to 2 years. In case the trademark registration is nearing expiry date, you can always get it re-registered for another ten years.
What can you Trademark? Who can all apply for Trademark?
According to the trademark rules of India, items like sound, logo, words, phrases, colors, images, symbols, initials or a combination of all these can be trademarked. All of these should be made use to make your business stand out from the rest.
A trademark application can be done by private firms, individuals, companies, LLP’s, or NGO’s. In the case of NGOs, LLP’s or companies, the trademark has to be applied for registration in the name of the concerned business"
Why is Trademark Registration important in India?
Once a name for the company is decided, the following steps have to be taken by the applicant
A Great Business Opportunity
A Legal Protection
Get Your Unique Identity
An Asset
Helps in Brand Creation
Documents required For Trademark & MSME Registration
Business Details
Business Details like, Number of Employees, Capital Investment asked by our experts
F.A.Q - MSME Registration
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What are the documents required for MSME online Registration?
No document required for MSME Registration / SSI Registration. Only information provided in Online Application Form is enough.
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Who Can Apply for MSME Registration?
Any entrepreneur having valid Aadhaar Number can apply for MSME Registration Online.
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Is physical copy of Certificate will be issued?
In the interest of environment no physical copy of MSME Certificate will be issued. Government believes in paperless work.
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Is Aadhaar Number mandatory for online MSME Registration?
At present Aadhaar Number is mandatory for issuance of MSME Certificate
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What is the definition of MSME?
The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is as under: Enterprises engaged in the manufacture or production, processing or preservation of goods as specified below:
- A micro enterprise is an enterprise where investment in plant and machinery does not exceed Rs. 25 lakh;
- A small enterprise is an enterprise where the investment in plant and machinery is more than Rs. 25 lakh but does not exceed Rs. 5 crore;
- A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crore.
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