WHICH ORGANIZATIONS ARE CONSIDERED AS ‘MSME’?

1. WHICH ORGANIZATIONS ARE CONSIDERED AS ‘MSME’? Organization which is engaged in the manufacture, production, processing or preservation of goods with the following limits as categorized below: Investment in plant and machinery upto max 25 lakh MICRO MICRO ENTERPRISE ENTERPRISE Investment in plant and machinery more than 25 lakh but upto 5 crores SMALL ENTERPRISE SMALL ENTERPRISE Investment in plant and machinery more than 5 crores but up to 10 crores MEDIUM ENTERPRISE MEDIUM ENTERPRISE Organization which is engaged in providing or rendering services with the following limits as categorized below: Investment in equipment up to 10 lakh MICRO ENTERPRISE MICRO ENTERPRISE Investment in equipment more than 10 lakh but upto 2 crores SMALL ENTERPRISE SMALL ENTERPRISE Investment in equipment more than 2 crores but up to 5 crores MEDIUM ENTERPRI MEDIUM ENTERPRISE SE ROADMAP FOR ROADMAP FOR ‘ 1. Setting up the Project ‘MSME MSME’ ’ REGISTRATION? REGISTRATION? For establishing MSME, the first and foremost thing is to select the project for providing the product/ service which could generate the sufficient surplus for the economy 2. Product selection while finalizing the product ensure its ease of availability, its accessibility to the market. 3. Technology Selection Installation of modern machinery and equipment’s is most important for the efficient operation of MSME 4. Arrangement of finance No MSME unit can operate without monetary support. Financial assistance in India for MSME units is available from a variety of institutions. 5. Filing of the single registration form at the website. 6. NSIC adopts certain procedures for hire purchase of machinery 7. Construction of Building designing of the factory building is an essential part 8. Getting the Utility Connections Power and water supply for carrying the operation is necessary

2. 9. Clearances Enterprises has to obtain various clearances and permissions depending upon the nature of his unit and products manufactured. 10. Quality Certifications to gain the strong position in this competitive environment Quality Certification has also become extremely important. Government has launched Schemes to provide financial assistance for availing the certification. MSME REGISTERATION REQUIREMENT MSME REGISTERATION REQUIREMENT Though the MSME registration is not mandatory for the enterprises. But it is always advisable to get registered as MSME under MSMED Act because the government has provided numerous benefits to the MSME since it is contributing in the growth of economy in terms of output, exports and employment opportunities. Also, in recent years the MSME sector has been consistently grooming in comparison to the overall industrial sector and in order to promote it government regularly announces various schemes for its growth. If you opt for the registration, simple steps to be complied as follows: 1. Filling of the single form through online mode at https://udyogaadhaar.gov.in/UA/UAM_Registration.aspx and offline mode is also available. 2. Personal Aadhaar number, name of industry, Business address, bank account details and other basic information as prescribed Note: Note: o the registration at Udhyog Aadhaar is on self declaration basis. No documentation is required. o More than one Udyog Aadhaar can be filed with the same aadhaar number Source url - http://enterslice575.blog.fc2.com/blog-entry-2.html