MSMEs are an important part of India's economy and they are important for the supply chain of products. Registration of MSME isn’t mandatory but its registration gives various benefits.

Eligibility for registering as MSME based on investment

Sector- Manufacturing Enterprise & Service provider

Investment in P& M / Equipment - Micro < 1 Crore, Small < 10 Crore, Medium < 50 Crore

Turnover-Micro  < 5 Crore, Small< 50 Crore, Medium< 250 Crore

*Both the criteria have to have complied.

Documents required for MSME registration

1. Aadhaar Card of the Proprietor / Partner / designated   partner / Director / Karta / Authorised Signatory. ( Depending on the nature   of the entity)

2. PAN card

3. Proof of address of the business. Such documents include bank statements, electricity bills, water bills, gas bills, and telephone bills.

4. Copy of sale and purchase bill.

5. MoA, AoA, or partnership deed or registration document.

6. Copy of bills and machinery purchased.

Advantages of MSME

· Priority sector lending.

· Power tariff subsidy available.

· Capital investment subsidies.

· Direct tax exemptions.

Disadvantages of MSME

· Lack of access to capital sources.

· Higher cost (economies of scale couldn’t be attained).

· Less skilled workforce.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram

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