MSME / SSI / Udyog Aadhaar

What is MSME / SSI / Udyog Aadhaar?

Registration under the 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.

• Although MSME registration is not statutory, it is beneficial for businesses as it provides a range of benefits, such as:
  • Eligibility for lower rates of interest
  • Excise exemption scheme
  • Tax subsidies
  • Power tariff subsidies
  • Capital investment subsidies
  • Other support

Slabs for Micro, Small and Medium Enterprises

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

advantages

• Lower rates of interest and FDI
• Excise exemption scheme
• Tax subsidies
• Power tariff subsidies
• Capital investment subsidies

Required Documents

• Mandatory – Aadhar Card & PAN Card