Who Can Apply for MSME Registration in India

Who Can Apply for MSME Registration in India

 "Call Our Business Plan Experts at +91-72999-72500"

The Micro, Small and Medium Enterprises (MSME) are a vital part of the Indian economy. They contribute around 70% to the country's GDP. In order to encourage these enterprises, the government has set up a dedicated ministry for their growth and development. Through MSME registration, entrepreneurs can avail many benefits including cheap loans and various schemes and subsidies from the government.

However, the business should have a valid Aadhar number to qualify for MSME registration Consultant in Chennai. To start with, you must be a sole proprietor or have only one partner in the venture. Also, your business must have an investment limit of Rs. 5 crore or less to qualify for the MSME category. Other parameters include the type of business, number of employees and date you plan to start your business.

Once you meet the eligibility requirements, you can proceed to apply for MSME registration online. You will need to provide your PAN details, address, phone number, email id and a photograph of yourself along with the details of your enterprise.

Depending on the type of business, you may need to provide additional documents such as partnership deed, certificate of incorporation and a copy of board resolution sanctioning MSME registration. Once your application is approved, you will be allotted an Entrepreneur Memorandum (EM) number which should be printed on letterheads, invoices, bills and supply orders. You can also get in touch with Kanakkupillai, a leading business registration agency to ensure hassle-free MSME Registration process.

 

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