Today we will discuss How to take MSME and Advantage of MSME certificates. In the recent times government has given many benefits to the MSME we will discuss all the benefits in details and how to take the certificate and fees for the certificate.
How to take MSME certificates
Login to the website there are many website for the registration but for official website click on the below link https://udyogaadhaar.gov.in/UA/UAM_Registration.aspx.
Mention the aadhar number and name of entrepreneur . Aadhar card is mandatory for the MSME certificate
OTP will be generated on aadhar based mobile number
Mentioned the required details
Certificate will be downloaded immediately
Advantage of MSME certificates
Loan in 59 minutes to MSME –
MSME can get the loan in 59 minutes for their business by applying online.
CGTMSE Scheme for MSME
Government is providing loan to MSME without any collateral for manufacturing unit
Subsidiary benefits to MSME
MSME will get the subsidiary benefits in interest, electricity etc by the various scheme of central and state government
Maximum period that is allowed under the MSME Act for credit
Corporate to make the payments for payment to be made is 45 days from the date of delivery of goods or receipt of services
Listed company disclosure for MSME
Corporate Need to disclose in financial statement for outstanding amount more than 6 month for the MSME
Classification of MSME
| Classification of the MSME | New Classification (annual turnover) | Previous classification – Ceiling on Investment in Plant and Machinery (in Rs) |
| Micro | Not exceeding Rs 5 crores | Below 25 lakhs |
| Small | Between Rs 5 crores to Rs 75 crores | 25 lakhs to 5 crores |
| Medium | Rs 75 to Rs 250 crores | 5 crores to 10 crores |
