Who Can Apply for MSME Registration in India


Who Can Apply For MSME Registration in India

 "Call Our Business Plan Experts at +91-72999-72500"

MSMEs are the backbone of the Indian economy, contributing to 45% of the country's exports and 50% of its manufacturing sector output. They are a major source of employment in the country and have immense growth potential. As such, the government provides a number of benefits to these companies including priority sector lending, power tariff subsidies, capital investment subsidies, and excise and customs duty exemptions. The process of getting registered under the MSME Act is simple and hassle-free and can be done through an online portal such as FilingPoint.

In order to be eligible for MSMEregistration, your business must fall under one of the three categories based on its investment slab: micro enterprises, small enterprises, and medium enterprises. You will need to submit a few documents with your application such as your PAN card, business address proof, IFSC code, bank account number and a list of employees along with the basic details of your company.

After submission of all the necessary details, your application will be approved by a MSME government official and you will receive a confirmation of your MSME registration along with an Entrepreneur Memorandum (EM) number. This EM number will be used on your letterheads, invoices and bills. The EM number will also help you to avail certain benefits such as tax rebates and bar code subsidy.

 

Tel:+917299972500

info@filingpoint.com

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