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What is MSME Registration?

B.Pramanik & Associates is renowned Legal Consulting Firm in Kolkata,they have dedicated, qualified & experienced legal team to provide the best lagal services on multiple sectors in different fields. B. Pramanik & Associates is expert for Company Services, NGO Services, Legal Services, Accounting &Taxation Services, Auditing Services, Registration & Licensing Services and etc.

What is MSME?

MSME stands for Micro, Small, and Medium Enterprise that was introduced by the Government of India in agreement with the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006. MSME is initiated and managed under the Ministry of MSME (MoMSME) are entities engaged in the production, manufacturing, processing or preservation of goods and commodities.

MSME sector is considered the backbone of the Indian economy that has contributed substantially to the socio-economic development of the nation. It generates employment opportunities and works in the development of backward and rural areas. As per the official data as of 31st Aug 2021, there are presently approximately 6.3 crore MSMEs in India.

The Objective of the MSME Act

The Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 facilitates the promotion, development and also enhances the competitiveness of micro, small and medium enterprises and for matters connected therewith and incidental thereto.

Benefits of Registration as MSME (Udyam)

  • MSME enterprises can get finance facilities from Banks without collateral requirements
  • Schemes by the Central Government for the development of MSMEs
  • Subsidies and Government Schemes to promote specific industries
  • Reservation of Products to be produced by MSMEs only
  • Concession/ subventions on Bank Interest and Debt servicing
  • Concession on Taxation
  • Preference in procuring Government tenders,
  • Stamp duty and Octroi benefits,
  • Concession in electricity bills
  • Reduced fees for Trademark registration
  • Reservation policies to manufacturing/ production sector enterprises
  • No more delayed payment troubles
  • Time-bound resolution of disputes with Buyers through conciliation and arbitration
  • Reimbursement of ISO Certification expenses
  • Foreign Business Expo
  • If you have any queries then releted registration matters or legal matters then you can contact with the best legal team of B.Pramanik & Associates ,kolkata.
  • Office :158, Dumdum Road, kolkata -700074
  • Email
  • Call/ whatapp : 6289073146/9339055647

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