MSME enterprises are the backbone of any economy and are an engine of economic growth, promoting equitable development for all. Therefore, to support and promote MSMEs, the Government of India through various subsidies, schemes and incentives promote MSMEs through the MSMED Act.it is beneficial for business at 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 and other support. MSME stands for micro, small and medium enterprises and any enterprise that falls under any of these three categories.
Micro, small and medium sized enterprises in both the manufacturing and service sector can obtain MSME Registration under the MSMED Act. To avail the benefits under the MSMED Act from Central or State Government and the Banking Sector, MSME Registration is required. Though the MSME registration is not statutory required, Ishtar Traders and Consultants LLP can help your business obtain MSME Registration to avail a host of benefits.
Simple Steps to MSME Registration
• Ishtar Traders and Consultants LLP can help your business obtain MSME Registration in 10 to 20 days, subject to Government processing time.
• An Ishtar Traders and Consultants LLP financial expert will prepare your MSME Application along with the necessary supporting documents that needs to be submitted for MSME Registration.
• Once the application is prepared and submitted, the concerned MSME Office will process the application and may request for more information or documents (if required).
• While processing the application, if required an Ishtar Traders and Consultants LLP financial expert will help respond to any query or request for document and in obtaining MSME Registration.