What is MSME registration & what Is the Procedure to Apply?

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What is MSME registration what Is the Procedure
to Apply?

• The Indian government via different subsidies,
  incentives or schemes are promoting MSMEs by
  MSMED act. It has its own benefits, but to avail
  those benefits under the MSMED act from the state
  government or central government and the banking
  sector, MSME Registration is required.
• MSME stands for micro, small, medium
  enterprises. MSME in both, manufacturing or
  service sector are eligible for MSME
  Registration. Though MSME Registration is
  statutory, but its beneficial for the business
  as it would provide them a range of benefits such
  as eligibility for the low rate of interests,
  excise duty, subsidies in taxation, capital
  investments subsidies and similar other
  supportive benefits.

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The MSME Registration is a two step process.

• 1. The part one The Registration before setup
  of unit.
• The MSME registration certificate will enable the
  applicant or any business entity to obtain some
  privileges during pre-operative time period such
  as-
• It will help obtaining the term loans and capital
  for working from the financial institutions or
  even the banks that are under the prior sector
  lending.
• It shall help in obtaining the facilities to
  accommodate land and other kinds of approvals
  etc.
• It will also help with obtaining many different
  types of consents and clearances from the
  regulation controlling bodies like control board
  of pollution, control board of drugs and so on
  etc.
• The MSME Registration certificate is supposed to
  be issued for maximum of the time period of two
  years from its date of issue. This certificate
  shall only stay valid till the date of
  commencement of production of the intended goods
  or for a period of two years from the date of
  issuing or whichever shall come earlier.

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• 2. The part two MSME Registration after the
  commencement of the production.
• This MSME Registration primarily enables the
  applicant or business entity for obtaining some
  kind of privileges during the post operative time
  period such as the concessions that in power
  tariff or so, this MSME Registration certificate
  is not a mandatory thing to have and it can also
  be applied once your unit has started for the
  production of what youre business is intended to
  produce.
• This MSME Registration has to be obtained either
  under the categories of part one or under the
  categories of part two.

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• We at Swarit Advisors helps peoples to know
  about how can they benefit themselves and in case
  if they are having trouble in applying SSI
  Registration then they can freely contact us on
  our helpline number or may drop us an email for
  further queries. We are constantly available for
  them 247 hr. Our motive is to customer
  satisfaction and we have a team of professionals
  who will resolve your queries in minimum possible
  time span.
• Contact Us-
• Address
• 201, Wing-II, Hans Bhawan, IP Estate, ITO, New
  Delhi, Delhi 110002
• Mobile Number 91- 9999049208
• Website - https//swaritadvisors.com/