MSME means Micro, Small and Medium Enterprise. It is the backbone for the development of
economy.
Enterprise
with Turnover and Investment: -
1. Micro: Micro enterprise is providing goods and services to local markets. The turnover of business not more than 5 crore. It is having a limit on investment not more than 1 crore.
2. Small Enterprise: A business which does production on a small scale with lesser employees and required of capital investment more than 10 crore. The turnover of business is not more than 50 crore.
3. Medium business firm: the business which is having a limit in investment up to 50 crore. An annual turnover of the firm must be within 250 crore.
Advantages
Udyam Registration and MSME: -
§ People are getting special preference in government procurement of tenders.
§ It will helpful will taking bank loan and one percentage deduction in interest on the bank loan.
§ Fast resolution of arguments.
§ While in delay in payment from buyers it gives protection.
§ Electricity bills concession, subsides on tariff and tax.
§ Rebates in tax.
§ Business registered under MSME is given higher preference for government license and certifications.
Great information. Thanks for providing us such useful information. Keep up the good work and continue providing us more quality information from time to time.
ReplyDeleteudyog aadhar apply online