The apparel export promotion council has urged the government to ease emergency credit line guarantee scheme norms. Apparel export promotion council chairman a sakthivel has asked the government to increase the limit of outstanding dues for eligible micro, small and medium enterprise under the emergency credit line guarantee scheme to rupees 100 crore. He said such a move would extend financial support to the export sector which has been badly affected by the pandemic.
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The provisions of micro, small and medium enterprise came to existence in accordance with micro, small and medium enterprise development, 2006. It is classified into two sectors.
Manufacturing sector. Any company engaging in manufacturing and production of goods as specified under the first schedule to the industries act, 1951 and installing machinery in the process of value addition to the final product having a distinct name and character and use.
Service sector. Any enterprise that specialise in providing service.
Each enterprise has different investment limits.
Manufacturing sector.
Micro. Less than or equal to 25 lakh rupees.
Small. More than 25 lakh, but less than and equal to 5 crore.
Medium. More than 5 crore but does not exceed 10 crore rupees.
Service sector.
Micro. Less than and equal to 10 lakh rupees.
Small. More than 10 lakh but less than and equal to 2 crore.
Medium. More than two crore rupees but less than five crore rupees
If you are planning to start your own business and the register as a micro, small and medium enterprise, do read further to know more about the registration procedure.
Document required for micro, small and medium enterprise registration.
An enterprise has to submit the following documents for registration.
Sale bill copy.
Purchase bill copy.
Partnership deed.
Address proof of business.
Copies of the enterprise licence and the bill of sale for the machinery.
How to register micro, small and medium enterprise registration?
Firstly.
Visit the government website.
Secondly.
Enter the entrepreneur 12 digit aadhaar number and name from the aadhaar card.
If the applicant name does not match he will be unable to continue. Then click the button to validate and generate a one time password.
The one time password will be sent to your unique identification authority of india registered mobile number.
To clear both fields and re enter the proper information click the reset button.
Thirdly.
Following successful validation you must input the social category which is general as well as the scheduled caste as well as scheduled tribe and other backward class you belong to.
Gender. Fill in the gender status.
Status. The physically handicapped status must be selected by the entrepreneur applicant.
The company name. The company name must be entered by the entrepreneur. The entrepreneur can run multiple enterprise. Each of the entities must be assigned a unique aadhaar number.
Organizational structure. The applicant must choose the organization type of his firm from the list provided.
Permanent account number. The applicant has to enter a permanent account number if his business falls under a specific category.
Cooperative.
Private limited company.
Public limited company.
Limited liability corporation.
For other sorts of business entity this section is optional.
Sixthly location of the plant. He must enter all of the plant location information.
Seventhly business postal address. The applicant should fill in the complete address of the business entity that is district as well as state as well as pin code as well as mobile number and email address .
Eightly business commencement. The date of commencement of business should be entered in the appropriate field.
Ninthly details of the previous registration. Details of valid entrepreneur memorandum one and entrepreneur memorandum two as per the micro, small and medium enterprise development act, 2006 should be furnished in the appropriate field.
Tenthly the bank details. The applicant must give the business account banking information.
Account number and bank.
Indian financial system code.
Eleventhly major activity. Here the applicant needs to choose the major activity manufacturing and service, his business is engaged from udyog aadhaar. The applicant must choose the principal business activity category even if the firm is involved in both manufacturing and service.
Twelfthly national industry classification code. The central statistical organisation which is part of the ministry of statistics and programme implementation compiles the list of national industrial classification codes.
A number of manufacturing and service industry codes are available to the applicant.
Thirteenthly number of employee. The application must state the number of employees involved and who is paid and paid remuneration.
Fourteenthly total investment. The calculation of total investment involves the value of items purchased excluding research and development.
Fifteenthly district interface center. Based on the location of the business entity, the applicant has to fill the location of the district interface center.
Sixteenthly submitting the application. After clicking the submit button one time password will be issued to the applicant registered email address.
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To finish the application procedure enter the one time password and captcha code.
How to do udyog aadhaar registration without aadhaar ?
If an applicant does not already have an aadhaar number he must apply for one.
For such applicants udyog aadhar memorandum registration shall be filed by the district interface center of the specific location based on the location of the enterprise and micro, small and medium enterprise direct interface on behalf of the entity.He must however furnish the following documentation.
A copy of the aadhaar enrolment request and a copy of the aadhaar enrolment identity slip
Any of the below mentioned documents.
Bank photo passbook.
Voter identity.
Passport.
Driving license.
Permanent account number.
Employee photo identity issued by the government.
The advantages of registering for an udyog aadhaar.
Easy loan approval at low interest rate subsidized rate.
Financial support to be part of foreign exports.
Government schemes.
Hassle free current bank account opening.
For further assistance and registering your micro, small and medium enterprise, you can reach out to our experts.
Few of the micro, small and medium enterprise scheme were launched by indian government.
Memorandum on udyog aadhar. Entities must provide an aadhar card in order to register under this initiative. It is possible to accomplish it both online and offline. Moreover by registering for micro, small and medium enterprise, it can avail finance for their business and government subsidies.
Zero defect zero effect. This leverage concession is available to micro, small, and medium sized enterprise who have registered for it for their exported goods.
Quality management criterion. Enterprise register under this and employ new technology to maintain quality requirements.
The incubation. Under this scheme micro, small and medium enterprise can get up to 75 per cent to 80 per cent of the project costs.
Women entrepreneurship. Women entrepreneurs can get benefits with capital and training as well as counselling.