You also do your own business, get registered in MSME, you will get many facilities including cheap loan and tax exemption.

If you run your own business then you should get registered with MSME. With this you will get many benefits including cheap loan. Today we will tell you about the MSME registration process.

These enterprises will be eligible for registration

• They will be registered in micro enterprises, whose capital investment will be up to Rs 1 crore and turnover will be up to Rs 5 crore.
• Those enterprises will be eligible under Small Enterprises, whose capital investment will be up to Rs 10 crore and turnover will be up to Rs 50 crore.
• Similarly, in the medium category, only those enterprises will be able to register whose capital investment will be up to Rs 50 crore and turnover will be up to Rs 250 crore.

Also read- After banks, LIC offices will also remain open on March 30-31, know what will be the office timings.

Benefits of MSME registration

• Loan from banks at affordable interest rates
• Income tax exemption
• License for industry soon
• Preference to registered industries in MSME
• discount on electricity bill
• Huge tax rebate on excess production

These important information have to be given for registration

• aadhaar number
• pan number
• business address
• bank account number
• basic business activity
• NIC (2 digit code)
• Investment Details (Plant/Device Details)
• turnover details
• partnership deed
• Sales and Purchase Bill Copies
• Copies of licenses and bills of purchased machinery

Also read- Save Income Tax: Save tax of Rs 7 lakh in these 6 ways, know the mantra of saving before filing RTI.

Registration process

• Go to MSME site msme.gov.in.
• Click on About Us and select Udyam Registration under Online Services.
• For new registration, click on For New Entrepreneurs who are not Registered yet as MSME or those with EM-II.
• Fill the required information in the form and submit the required documents.

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Tags: Bank Loan, Business loan, MSME Sector