Who Can Apply for MSME Registration in India

Who Can Apply for MSME Registration in India

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MSME (micro, small and medium enterprises) industries have been a significant part of India's economy. The MSMED Act of 2006 was established to support and promote the growth of these enterprises, granting them various benefits such as cheaper bank loans, tax benefits and other incentives.

The MSME registration or Udyog Aadhaar process is a simple, paperless and hassle-free procedure that can be undertaken by any entity that falls under the following categories- Proprietorship firms, LLPs, public and private limited companies, Hindu Undivided Family, Association of Persons, Partnership firms, one-person company, Co-operative societies and more. A valid Aadhaar number is mandatory for this purpose, and once the registration is complete the Ministry will issue a virtual certificate.

Besides enabling easy access to loans, MSME registration also offers tax-exemptions and other incentives. The MSME registration process is simple and quick, and there are multiple online options to help entrepreneurs with it. The key documents to submit during the MSME registration process include PAN card, location of the enterprise, a bank account number with IFSC code, and basic details about your business.

With the growing popularity of MSME registration in India, entrepreneurs are looking to grow their businesses with the help of this incentive scheme by obtaining the proper registration. At FilingPoint.com, our team of experts has the expertise to provide you with a seamless registration process with minimal documentation and compliance requirements.


Tel:+917299972500

info@filingpoint.com

 

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