Corporate GenieCorporate GenieCorporate Genie
+91-9717332997
[email protected]
India Canada
Corporate GenieCorporate GenieCorporate Genie
Login/ Signup

MSME Modification

  • Home
  • MSME Modification

What is MSME Modification?

MSME stands for Micro, Small and Medium Enterprises. In a developing country like India, MSME Industries are the backbone of the economy.When these industries grow, the economy of the country grows as a whole and flourishes. These industries are also known as small-scale industries or SSI’s.

This registration is not yet made mandatory by the Government but it is beneficial to get one’s business registered under this because it provides a lot of benefits in terms of taxation, setting up the business, credit facilities, loans etc

    Apply for MSME Modification


    Documents Checklist

    Document Required for the Registration are as Follow:-

    (01) Aadhar Card

    In the case of a Proprietorship Firm, the Aadhar number of the proprietor is to be entered in the Udyam Registration form.
    In the case of a Partnership Firm, the Aadhar number of the managing partner is to be entered in the Udyam Registration form.
    In the case of a Hindu Undivided Family (HUF), the Aadhar number of the Karta is to be entered in the Udyam Registration form.
    In the case of a Company or Limited Liability Partnership or a Cooperative Society or a Society or a Trust, the Aadhar number of the organisation or authorised signatory is to be entered in the Udyam Registration form.
    (02) PAN Card

    Business address proof

    Self-own property: allotment letter, property tax slip, possession letter.
    Rented property: rent receipts and NOC from the property owner.

    Company registration proof

    Photocopy of sale bill
    Photocopy of purchase bill (of raw material)

    License and purchase bills for machinery

    Photocopy of an industrial license
    Bills of purchasing machinery and installations

    To avail, the MSME registration benefits the following documents are required:

    MSME Certificate
    Aadhaar card
    Property Paper
    Rent agreement
    Cancelled cheque
    Partnership deed (for partnership firms)
    Memorandum of Association (for companies)
    Articles of Association (for companies)
    PAN
    The social category of the applicant (General, SC, ST or OBC)
    The physical ability of the applicant (disabled or not)

    MSME certificates act as evidence of MSME registration. For registering more than one enterprise, applicants must go through separate MSME registration online. The fees will be charged accordingly. Each enterprise will be allotted with an individual MSME certificate.

    Eligibility for MSME Registration

    The distinction between the manufacturing and services enterprises has been removed by making the investment amount and annual turnover similar for enterprises engaged in both the sectors.

    Steps

    Form Fill Up

    • Fill up the basic form and Get ready for Expert Assistance.

    Document Preparation

    • Expert assisted Document Preparation • The process can take up to 2 working days.

    Submitting the application

    • Submit the application form along with the required documents.
    • After submitting the application, verification takes place.
    • The verification can take up to 2 working days.

    Approval and registration

    • The registration will be done if the application has been approved.
    • The MSME certificate will be delivered to you.

    The MSME registration application form contains the following components.

    • Aadhaar details, PAN details, social category and gender of the entrepreneur.
    • Name and type of enterprise.
    • Address and contact details

    Benefits of MSME

    The reason behind MSME registration being appealing is the wide-ranged benefits. Here are the MSME registration benefits.

    • MSME registered enterprises can avail loans at lower interest rates than regular loans.
    • MSME certificate holders can enjoy tax exemption under the MSME Act.
    • MAT or minimum alternate tax can be extended to 15 years from the regular 10 years.
    • MSME registered enterprises gets preference for government-issued license and certificates.
    • By getting registered under MSME, the cost of Trademark/Patenting and industry set up reduces due to various rebates and concessions.
    • Many government tenders are given to only MSME registered enterprises.
    • An MSME gets easy access to credit.
    • Protection against Delayed Payment.

    Any Query ??
    Don't hesitate to contact us

    We can work on any of the Accounting Software of your choice and deliver you the work on time.

    Contact Us Now

    MSME Schemes

    1. Prime Minister Employment Generation Programme and Other Credit Support Schemes
    1.1 Prime Minister Employment Generation Programme(PMEGP)
    1.2. Credit Guarantee Trust Fund for Micro & Small Enterprises (CGTMSE)
    1.3. Interest Subsidy Eligibility Certificate (ISEC)
    2. Development of Khadi, Village and Coir Industries
    2.1. Science and Technology Scheme
    2.2. Market Promotion & Development Scheme (MPDA)
    2.3. Revamped Scheme Of Fund for Regeneration Of Traditional Industries (SFURTI)
    2.4. Coir Vikas Yojana (CVY)
    2.4.1. Coir Industry Technology Upgradation Scheme (CITUS)
    2.4.2. Science and Technology (S&T) for Coir
    2.4.3. Skill Upgradation & Mahila Coir Yojana (MCY)
    2.4.4. Export Market Promotion (EMP)
    2.4.5. Domestic Market Promotion Scheme (DMP)
    2.4.6. Trade and Industry Related Functional Support Services (TIRFSS)
    2.4.7. Welfare Measures (Pradhan Mantri Suraksha Bima Yojana (PMSBY))
    3. Technology Upgradation and Quality Certification
    3.1. Financial Support to MSMEs in ZED Certification Scheme
    3.2. A Scheme for Promoting Innovation, Rural Industry & Entrepreneurship (ASPIRE)
    3.3. National Manufacturing Competitiveness Programme (NMCP)
    3.3.1. Credit Linked Capital Subsidy for Technology Upgradation
    3.3.3. Marketing Support/Assistance to MSMEs (Bar Code)
    3.3.4. Lean Manufacturing Competitiveness for MSMEs
    3.3.5. Design Clinic for Design Expertise to MSMEs
    3.3.6. Technology and Quality Upgradation Support to MSMEs
    3.3.7. Entrepreneurial and Managerial Development of SMEs through Incubators
    3.3.8. Enabling Manufacturing Sector to be Competitive through QMS&QTT
    3.3.9. Building Awareness on Intellectual Property Rights (IPR)
    4. Marketing Promotion Schemes
    4.1. International Cooperation
    4.2. Marketing Assistance Scheme
    4.3. Procurement and Marketing Support Scheme (P&MS)
    5. Entrepreneurship and skill Development Programme
    5.1. Entrepreneurship Skill Development Programme (ESDP)
    5.2. Assistance to Training Institutions (ATI)
    6. Infrastructure Development Programme
    6.1. Micro & Small Enterprises Cluster Development (MSE-CDP)
    7. Scheme of Surveys, Studies and Policy Research
    7.1. Revised guidelines (bilingual) of scheme SS&PR with effect from 15-10-2018.
    8. National SC-ST-HUB
    8.1. National SC-ST-HUB
    9. Scheme of Information, Education and Communication
    9.1. Scheme of IEC Guideline
    Any query call us now ..........
    Contact Now

    FAQ

    When MSME Registration Certificate will be issued?
    After filing online msme application form, MSME Registration Certificate will be issued immediately at email.
    Who Can Apply for MSME Registration?
    Any entrepreneur having valid Aadhaar Number can apply for MSME Registration Online.
    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.
    What are the chances of rejection of Online MSME Application?
    Every application will be approved. No application will be rejected. Application will be approved on the basis of information provided by applicant.
    Is Aadhaar Number mandatory for online MSME Registration?
    At present Aadhaar Number is mandatory for issuance of MSME Certificate
    What is the difference between MSME Registration and SSI Registration?
    There is no difference between MSME Registration and SSI Registration. Earlier MSME Registration was know as SSI Registration.
    What is the support available for collateral free borrowing?
    The Ministry of MSME, Government of India and SIDBI set up the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) with a view to facilitate flow of credit to the MSE sector without the need for collaterals/ third party guarantees. The main objective of the scheme is that the lender should give importance to project viability and secure the credit facility purely on the primary security of the assets financed. The Credit Guarantee scheme (CGS) seeks to reassure the lender that, in the event of an MSE unit, which availed collateral- free credit facilities, fails to discharge its liabilities to the lender, the Guarantee Trust would make good the loss incurred by the lender up to 85 % of the outstanding amount in default.
    What is the difference between Udyam Registration and MSME/Udyog Aadhar?
    Udyam Registration is MSME registration to start business under Ministry of Micro, Small and Medium Enterprises (MoMSME) approved by Government of India. Whereas MSME/Udyog Aadhaar is a 12-digit Unique Identification Number (UIN) provided by the MoMSME for Small and Medium Enterprises (SMEs).
    What is the purpose of MSME?
    The purpose of the MSME is to help the micro, small and medium enterprises of India in growing further. These enterprises generate the majority of employment, industries and export in the country. Thus, by encouraging the MSME to grow will result in the socio-economic development of the country.
    What is MSME registration certificate?
    MSME registration certificate is proof of being registered as an MSME. The certificate is disbursed when an MSME application gets confirmed.