What do you mean by MSME?
MSME means Micro, small and medium enterprises and any enterprise that comes under this type of categories, MSME enterprises are the backbone of any economy and for economic growth.
What kind of Organization is eligible for MSME registration in Bangalore?
MICRO Enterprises: These are the smallest businesses/organization. In these enterprises they have the investment of less than 25lakh in business is known as Micro-enterprises
Small Enterprises: In this business, the investment b/w Rs.25lakh to Rs 5.crore invested on business(plant and machinery) this kind of business is called Small enterprises
Medium Enterprises: In medium manufacturing enterprises investment b/w Rs.5crore to Rs. 10 core invested in plant and machinery. This kind of business is known as Medium enterprises
For manufacturing businesses/entities, Land and building cannot be counted toward the total investment.Also, the original cost of the equipment and plant and machinery is taken into account Depreciation cannot be factored in. Any business entity /organization may apply, be it a partnership or a company, sole proprietorship also apply
Documents Required for MSME Registration in Bangalore
- PAN and GSTIN of the Company or individual
- Aadhaar card of the person who want to start
- Total capital investment of the company/business
- Date of Incorporation of Company it is required
- Registered office address of the company(should be register the office name in register office)
- Bank details
- Nature of business
- Number of employees in the business
What are all the roles of MSME in India’s growth?
There are many benefits you get in Register for MSME Certificate in Bangalore and they are
- To build an inclusive, sustainable, and equitable livelihoods of the society in innumerable ways
- MSME contributes more to the socio-economic development of the country
- To provide a large scale of employment opportunities in our country to reduce unemployment
- In this, it gives opportunities for both self-employment and as well as wage employment
- To ensure competitive innovation in the business
- To create a flexible environment
- To enhance the regional structure and its development
What all benefits can I get by registering in MSME?
a)First thing you get banks loans at a lower rate of interest for example you can get it at low as 1or 1.5 percentage
- b) And you can get a number of tax rebates as well
- c) You can get credit facilities
- d) You can also get better preference when it comes to can certificates and license issued by the government.
You are at the right place where you can get your registration. Consultry is the place where you get your company registration in Bangalore and consultry best Consultant of MSME registration and our company are providing best online services to the clients in Bangalore and consultry is one of the topmost companies in Bangalore for registration and you can also get more registration like private ltd, partnership, sole proprietorship, one person company registration etc.