msme registration criteria
act, Agro Business, Ahmedabad, ahmedabad, Ahmednagar, Akola, Amrawati, Amreli, Anand, Ankleshwar, Aurangabad, Badlapur, Banaskantha, Baroda, Belgaum, Bharuch, Bhavnagar, Chandrapur, Dhule, DIC Ahmedabad, Disctrict Industry Commisionerate, Gandhinagar, Godhra, Gujarat, Himmatnagar

MSME registration criteria

Registered with MSME department applicant should be Indian citizen and having Pancard / Aadharcard. MSME registration process is so easy.

 

MSME registration criteria for Manufacturer is Plant and machinery approx cost must be not more than Rs. 10 crore for any micro small medium enterprise.

 

MSMe Registraiton for Service provider criteria should be for Equipments cost will be not more than Rs. 5 crorer.

 

Documents required for MSME registration

 

As per company documents are required like Aadhar card, Pancard, Bank account cheque, GST no. Import-export code number, Latest electricity bill, etc.

 

MSME registration for Manufacturing

 

After getting registered as a manufacturing unit you can get Mudra Loans, CGTMSE loans, Term Loans, Machinery Loans, also can get subsidies on loans, stamp duty exemption as per areas.

 

The government is interested in promoting micro and small manufacturing unit whose investment should be from 0 to 25 lacs in plant and machinery.

 

Government tender participation.

 

 

 

 

 

MSME registration Certificate

 

This certificate is required to avail of benefits from the Micro Small Medium Enterprise Ministry. for subsidies, reimbursement of expenses, Trade benefits, Import export supports.

 

You can avail government tenders and Public Sector Unit tenders also.

 

MSME Registration Eligibility

 

Those who are Indian citizens and availing Aadhar card and pancard are eligible along with more than 18 years old.

 

Manufacturer and Service providers are eligible to get MSME registration Certificate.

 

Service Contractors, civil contractors, labor contractors, manufacturing units, service providing units are eligible to get the MSME certificate as per the MSMED Act 2006.

 

MSME Registration is also known as Micro Small Medium Enterprise, SME Registration, DIC Registration, SSI Registration, DIC Registration.


Registration under the MSMED Act, 2006

The President under Notification dated 9th May 2007 has amended the Government of India (Allocation of Business) Rules, 1961. Pursuant to this amendment, Ministry of Agro and Rural Industries (Krishi Evam Gramin Udyog Mantralaya) and Ministry of Small Scale Industries (Laghu Udyog Mantralaya) have been merged into a single Ministry, namely, “MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES (SUKSHMA LAGHU AUR MADHYAM UDYAM MANTRALAYA)”

Micro, Small & Medium Enterprises – The Engine of inclusive growth & development

The registration under Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 is for facilitating the promotion and development and enhancing the competitiveness of Micro, Small and Medium enterprises.

What are Micro, Small and Medium enterprises?

The following slabs have been prescribed under the MSMED Act to determine the status of the Enterprise:

No. Type of Enterprise Manufacturing Industry
(Investment in Plant and Machinery)
Service Industry
(Investment in Equipment)
1 Micro It does not exceed Rs. 25 Lakh It does not exceed Rs. 10 Lakh
2 Small Exceeds Rs. 25 Lakh but does not exceed Rs. 5 Crore Exceeds Rs. 10 Lakh but does not exceed Rs. 2 Crore
3 Medium Exceeds Rs. 5 Crore but does not exceed Rs. 10 Crore Exceeds Rs. 2 Crore but does not exceed Rs. 5 Crore

Provisional Registration: Provisional registration is granted to a unit at its pre-investment period to enable it to take necessary steps to apply for financial credit, land or an industrial set, water, power or telephone connections, etc.

Permanent / Final Registration: A provisionally registered industrial unit when it is about to go into production is to apply for the grant of Permanent / Final Registration. An existing and functioning industrial unit is eligible to apply for Permanent / Final Registration without going into provisional registration processes.

MSME Registration Benefits :

  • Get Governemtn Subsidies.
  • Get CGTMSE Loans.Start
  • Exhibition expense reimbursement.
  • Electricity Subsidy.
  • GEMS Registration.
  • Vendor Registration.
  • Export Promotion Council Registration.
  • StaStartup registration

 

 

DIC registration for the company

 

To register the company with DIC. Means Company has to be registered with the MSME department which is known as Micro Small Medium Enterprises.

 

 

Ahmedabad, CLCSS, CSPO Registration, DIC Ahmedabad, Disctrict Industry Commisionerate, Enterprenuer, exporter, Gandhinagar, GPCB Registration, IEC Code, Import export documentation, ISO registration, ISO services, Laghu udyog, Small Scale Industry, SSI registraion, SSI Unit, Surat

Loans to Micro & Small Enterprises (MSEs)

Eligibility
Any individual / partnership firm / Public or Private Ltd. Companies desirous of promoting MSEs (Manufacturing sector) with investment in Plant & Machinery not exceeding Rs. 5 crore and Medium Enterprises with investment in plant & Machinery is above Rs. 5 Crore and upto Rs. 10 crores.
Extent of Finance
Need based (both fund based and non-fund based)
Margin
Working Capital/ Medium Term Loan
a) No margin up to Rs.25000/-
b) Credit limit over Rs.25000/-
Flexible approach:15% – 25% depending on the merits of each case
Security
Primary:
i)   Assets created out of Bank finance

Collateral:

  • Obtention of collateral Security exempted
  • Up to Rs. 5 lacs
  • Over Rs. 5 lacs and up to Rs. 25 lacs, based on good track record and satisfactory financial position
  • Over Rs.25 lacs at the discretion of the Bank
Interest
As per prevailing rates from time to time
Export Finance
  • Establishment of Letter of Credit
  • Pre-shipment finance
  • Post-shipment finance
  • Assistance against Duty draw back
Ahmedabad, CLCSS, CSPO Registration, DIC Ahmedabad, Enterprenuer, Gandhinagar, GPCB Registration, Gujarat, IEC Code, Import export documentation, interest subsidy, Small Scale Industry, SSI registraion, SSI Unit

CREDIT GURANATEE FUND TRUST SCHEME FOR MICRO & SMALL ENTERPRISES (CGTMSE)

SALIENT FEATURES:
CGTMSE was set up jointly GOI and SIDBI
The scheme is extended to all New and Existing units of Micro and Small Enterprises
The scheme is available both under Manufacturing Sector and Service Sector
Eligible loan limit is up to Rs. 50.00 lakhs
No collaterals including the third party guarantee
The Maximum guarantee cover on any loan is 75% of the loan amount. The loans to
Micro enterprises up to Rs.5.00 lacs and loans to MSE operated by women entrepreneurs
are covered up to 80% of the loan
One Time upfront guarantee fee and Annual Service fee at specified rate on the credit facility has to be paid to the Trust before 31st of May every year
Ahmedabad, CLCSS, DIC Ahmedabad, Disctrict Industry Commisionerate, Enterprenuer, Gandhinagar, IEC Code, Import export documentation, ISO registration, ISO services, Small Scale Industry, SSI registraion, SSI Unit, Trademark Registration

Micro and Small Enterprises (MSEs)– Definition of Micro, Small and Medium Enterprise Manufacturing and Service Segments.

Manufacturing Sector Services Sector
Micro Enterprise The investment in Plant and machinery ( Original Cost) does not exceed Rs 25 lakhs The investment in Equipment does not exceed Rs 10 lakhs
Small Enterprise The investment in Plant and machinery ( Original Cost)is more than Rs 25 lakhs but does not exceed Rs 500 lakhs The investment in Equipment is more than 10 lakhs but does not exceed Rs 200 lakhs
Medium Enterprise The investment in Plant and machinery ( Original Cost) is more than 500 lakhs but does not exceed Rs 1000 lakhs The investment in Equipment is more than Rs 200 lakhs but does not exceed Rs 500 lakhs
Ahmedabad, Anand, CLCSS, CSPO Registration, DIC Ahmedabad, Disctrict Industry Commisionerate, Enterprenuer, Gandhinagar, Gujarat, IEC Code, Import export documentation, interest subsidy, ISO registration, Kutch, Laghu udyog, manufacturer, Small Scale Industry, SSI registraion, SSI Unit

Business Loans (Small Scale Industries) – CGTSI

ING offers loans to Small Scale Industries at competitive interest rates without any collateral security.

Credit Guarantee Fund Trust for Small Industries [CGTSI]

ING is one of the member lending banks for CGTSI. ING Ltd offers loans of up to Rs 25 lakhs to SSI units under CGTSI at competitive interest rates without any collateral security and / or third party guarantee. In addition the guarantee fee payable to CGTSI would be debited to the account.

Minimum Loan Amount: No Minimum Amount

Maximum Loan Amount: Rs 25 lakhs

Eligibility:

The SSI units engaged in activities like manufacturing, processing or SSSBEs, including Information Technology and / or Software industry are eligible.

Guarantee fee payable to CGTSI:
One time Guarantee fee of 2.5% of the credit facility sanctioned.
Annual Service fee of 1% of credit facility on the outstanding loan amount as on March 31 each year.
Collateral: No additional collateral is required

For more details, write to us at

ING Vysya Bank Limited