Small scale industries play a vital role in the socio-economic development of India. To promote and encourage these small-scale industries, the government of the country created the MSMED Act. The Act was created to maintain a list of all the industries registered as MSME or SSI. The record aided in providing support and incentives to these firms. Furthermore, SSI helped in employment of people at little capital investments. All these entities should possess certificate of MSME registration, which should be registered with the Central Government’s MSME department under the Act of MSME Development- 2006

The MSMED Act includes:

• Small Scale Industries (SSI)
• Micro, Small and Medium Enterprises (MSME)
• Different sectors have different limits for registering under the act.
• A manufacturing enterprise with plants and machinery that required an investment of below 10 Crores can be an MSME.
• For service enterprises, the amount caps at five crores.
• If the company exceeds the upper limit, at any point in the future, it is not considered as an MSME.

To avail the numerous benefits from the Government of India, an SSI registration certificate is needed. It is an optional registration but the companies that get registered are eligible for:

• Lesser interest rates
• Excise exemption scheme
• Subsidies in tax, capital investment and power tariff
• Other support

In the banking sector, if you need to avail the benefits of the MSMED Act of 2006, you will have to opt for MSME registration.

When you register your firm with Udyog Aadhaar , the business can leverage many schemes initiated by State and Central Government. In addition to this, for availing the MSMED Act 2006 benefits in the banking sector, MSME registration becomes mandatory.

• Refrain from asking for security deposits
• Concession in the electricity bills
• Increased chances of winning government tenders
• Reduction in fee for filing patents and trademark registration to get protection under the rights of intellectual properties.
• Easy and cheaper bank loans
• Reservation benefits
• Stamp duty and registration charges are waived off
• Reimbursement under the bar code registration
• Industrial promotion subsidy
• Reduction in the rate of the interest by major banks

• The eligibility for the scheme of MSME or SSI registration is dependent on the scale of business of the enterprise. Udyog Aadhaar registration is applicable for Proprietorship, Hindu Undivided Family(HUF), one-person company(OPC), Partnership Firm, public limited company, private limited company, production company, co-operative societies, limited liability partnership(LLP) or any association of persons or any other undertaking.
• Micro Enterprises:
• A manufacturing enterprise should have investment of less than Rs. 25 lakhs in plant and machinery. A service enterprise should have less than Rs. 10 lakhs invested. These micro enterprises are the smallest entities.
• Small Enterprises:
• For manufacturing enterprises, the investment has to be between Rs. 25 lakhs and Rs. 5 crores in plant and machinery. For service enterprises, the range is between Rs. 10 lakhs and Rs. 2 crores.
• Medium Enterprises:
• If it is a manufacturing enterprise, the investment in plant and machinery has to be between Rs. 5 crore and Rs. 10 crores. If it is a service enterprise, the range is from Rs. 2 crores to Rs. 5 crores.

• We conduct a thorough search of the TM directory
• We prepare the authorization letter, so we can file for trademark registration on your behalf.
• We offer you with advice on the classes you need to apply under.
• We assist you in filling up the forms with the Registrar
• We constantly provide you with updates until the registration process is complete.

• At dtljodhpur.com, our professionals and lawyers will offer legal advice and end-to-end support right from filing the application, collecting the details, till your work gets registered. The entire process is done online so there is no need for you to step out and follow up with the government authorities. We will take care of all the mandatory requirements as well.