{"id":167,"date":"2019-04-30T11:34:49","date_gmt":"2019-04-30T06:04:49","guid":{"rendered":"https:\/\/aktassociates.com\/blog\/?p=167"},"modified":"2019-08-30T15:42:28","modified_gmt":"2019-08-30T10:12:28","slug":"msme-registration-procedure-benefit","status":"publish","type":"post","link":"https:\/\/aktassociates.com\/blog\/msme-registration-procedure-benefit\/","title":{"rendered":"MSME Registration : Procedure and Benefits"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >In this article, we will discuss about...<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #1e73be;color:#1e73be\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #1e73be;color:#1e73be\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/aktassociates.com\/blog\/msme-registration-procedure-benefit\/#Registration_for_Micro_Small_Medium_Enterprises\" title=\"Registration for Micro, Small, &amp; Medium Enterprises\">Registration for Micro, Small, &amp; Medium Enterprises<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/aktassociates.com\/blog\/msme-registration-procedure-benefit\/#Who_qualifies_for_MSME\" title=\"Who qualifies for MSME?\">Who qualifies for MSME?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/aktassociates.com\/blog\/msme-registration-procedure-benefit\/#What_is_the_benefit_of_MSME_Registration\" title=\"What is the benefit of MSME Registration?\">What is the benefit of MSME Registration?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/aktassociates.com\/blog\/msme-registration-procedure-benefit\/#What_is_the_Procedure_for_registration\" title=\"What is the Procedure for registration?\">What is the Procedure for registration?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/aktassociates.com\/blog\/msme-registration-procedure-benefit\/#Services_Provide_by_AKT_Associates\" title=\"Services Provide by AKT Associates:-\">Services Provide by AKT Associates:-<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Registration_for_Micro_Small_Medium_Enterprises\"><\/span>Registration for Micro, Small, &amp; Medium Enterprises<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">MSME Represent Micro, Small, &amp; Medium Enterprises, Some time it is also known as SSI or Small service Industries if it is in the manufacturing sector or SSP (Small Service Provide) if it is in the service sector.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-581 aligncenter\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/msme-1.jpg\" alt=\"msme\" width=\"700\" height=\"400\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/msme-1.jpg 700w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/msme-1-300x171.jpg 300w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/msme-1-20x11.jpg 20w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Considering the importance of this segment Govt of India, have set an independent ministry named, Ministry of MSME. If you also own a small business and want to take it forward there are numerous schemes such as Finance scheme, Training Scheme, Government Grant for purchase of promotion of such MSME has been initiated by the said Ministry. Mumbai is the financial hub of country houses numerous business entities. Keeping in mind the need for registration of MSME in Mumbai and all over India, we are going to introduce some practical information related to same MSME segment herewith.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However to take the benefit or to become eligible for all benefits the very first requirement is to register your business entity with MSME Registration requirements. \u00a0Here we will try to provide some vital information for MSME and its related benefits to your Business<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Who_qualifies_for_MSME\"><\/span>Who qualifies for MSME?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<tbody>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>Manufacturing Industry<\/b><\/td>\n<td><span style=\"font-weight: 400;\"> \u00a0\u00a0<\/span> <span style=\"font-weight: 400;\">25 Lacs<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5 Crore.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10 Crore.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Service Sector<\/b><\/td>\n<td><span style=\"font-weight: 400;\"> \u00a0\u00a0\u00a0<\/span> <span style=\"font-weight: 400;\">10 Lacs<\/span><\/td>\n<td><span style=\"font-weight: 400;\"> \u00a0<\/span> <span style=\"font-weight: 400;\">2 Crore.<\/span><\/td>\n<td><span style=\"font-weight: 400;\"> \u00a0\u00a0\u00a0<\/span> <span style=\"font-weight: 400;\">5 Crore.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">Now before we proceed the first question arise is &#8211;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_the_benefit_of_MSME_Registration\"><\/span>What is the benefit of MSME Registration?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Since we strongly believe that the benefit should be enough to take the pain of reading this article. So here are some practical and satisfactory benefits to make you think to register for MSME<\/span><\/p>\n<p><b>Benefits of MSME<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Loan Without security\/collateral<\/b><span style=\"font-weight: 400;\">: &#8211; You might have faced the situation where your business might have required urgent loan however Non-availability of collateral your every application for a loan might be got rejected. This turbulence problem can be solved by this registration as an<\/span> <span style=\"font-weight: 400;\">MSME<\/span><span style=\"font-weight: 400;\">. Provided all other compliances are done, your business can qualify for a loan and that even at a lower interest rate than the market rate.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Protection from delayed payment: &#8211;<\/b><span style=\"font-weight: 400;\"> Suppose you have supplied some services\/ Goods to any of the Big Corporation, and they generally delay your payment which may be impacting your business due to the working capital deficit. This problem can be solved by Registering to MSME and as per provision in MSME Act 2006, the big guys will be forced to release your payment on time.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Take benefit of Promotional &amp; Development Schemes of Govt:<\/b><span style=\"font-weight: 400;\">&#8211; From time to time, Govt announces various schemes to support and promote the MSME segment. You can also take benefit provided you register in advance your business entity as an MSME<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"What_is_the_Procedure_for_registration\"><\/span>What is the Procedure for registration?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The simplified procedure for<\/span><span style=\"font-weight: 400;\"> MSME Registration<\/span><span style=\"font-weight: 400;\"> may flow as<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The main fact is to the <a href=\"https:\/\/aktassociates.com\/blog\/memorandum-of-understanding\/\">filing of Memorandum<\/a> with District Industries center<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">After filling the form and providing the relevant document you can submit it to DIC &amp; get the acknowledgment.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">For more information, you can visit the following websites<\/span><\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.dcmsme.gov.in\"><b>http:\/\/www.dcmsme.gov.in<\/b><\/a><\/p>\n<p><b>Count on us for MSME registration: &#8211; <\/b><span style=\"font-weight: 400;\">We as AKT Associates, are working as an expert MSME Advisor and supported more than 500 Enterprises to get the benefit of MSME.<\/span><\/p>\n<p><b>Contact us for free Consulting:<\/b><span style=\"font-weight: 400;\">&#8211; If you feel you need an expert <\/span><span style=\"font-weight: 400;\">\u00a0<\/span><span style=\"font-weight: 400;\">MSME consultant<\/span><span style=\"font-weight: 400;\"> to register your entity or file memorandum you can feel free to call us @ 8080809061 to get the first-hand assistance.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Services_Provide_by_AKT_Associates\"><\/span><b>Services Provide by AKT Associates:-<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">MSME Registration<\/span><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">MSME Taxation<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">MSME Audit &amp; Assurance.<\/span><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Registration for Micro, Small, &amp; Medium Enterprises MSME Represent Micro, Small, &amp; Medium Enterprises, Some time it is also known &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"MSME Registration : Procedure and Benefits\" class=\"read-more button\" href=\"https:\/\/aktassociates.com\/blog\/msme-registration-procedure-benefit\/#more-167\">Read more<span class=\"screen-reader-text\">MSME Registration : Procedure and Benefits<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":380,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MSME Registration | Procedure | Benefits AKT Associates<\/title>\n<meta name=\"description\" content=\"MSME Represent Micro, Small, &amp; Medium Enterprises, Considering the importance of this segment Govt of India, have set an independent ministry named, Ministry of MSME. 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