To avail the benefits which are provided under the MSMED Act from the Central or State Government and from the Banking Sector, MSME Registration is mandatory.
MSME stands for Micro, Small and Medium Enterprises. In a developing country like India, MSME industries are the backbone of the economy. MSME registration is a mandatory task for any business to start and operate in India. MSME categorized under two main categories, such as manufacturing enterprises and service enterprises.
Originally posted on LinkedIn on 17th May 2020- https://www.linkedin.com/feed/update/urn:li:activity:6667787215978029056/
With the 5th and final tranche announced today, we have a fair idea about the composition of the INR 20 trillion Atma Nirbhar Bharat Economic Package.
To summarize, the package is majorly focused on providing easy loans to businesses to meet their short-term requirement for funds.
INR 11.8 Trillion of the package is aimed at infusing liquidity. Also, credit guarantees up to INR 4 Trillion have been announced to incentivize banks to lend money.
Liquidity Infusion & Credit Guarantee together constitute 75% of the package.
Major part of Direct Benefits worth INR 2.3 Trillion has already been utilized in the PM Garib Kalyan Yojana.
INR 40000 crores for additional MGNREGS spending is the only major step that will help in reviving demand.
Government has done enough on the supply-side measures. However, it needs to be complemented with fast pick-up in demand to ensure the economic recovery is fast. We hope that the Government will take more measures to revive demand in the economy.
Government has also announced much needed reforms in many sectors. The benefits will be seen only in the long-term.
Since, this is the final report we have created a comprehensive report for your perusal. Hope you find it useful.
MSME stands for Micro, Small and Medium Enterprises. In a developing country like India, MSME industries are the backbone of the economy. MSME registration is a mandatory task for any business to start and operate in India. MSME categorized under two main categories, such as manufacturing enterprises and service enterprises.
Originally posted on LinkedIn on 17th May 2020- https://www.linkedin.com/feed/update/urn:li:activity:6667787215978029056/
With the 5th and final tranche announced today, we have a fair idea about the composition of the INR 20 trillion Atma Nirbhar Bharat Economic Package.
To summarize, the package is majorly focused on providing easy loans to businesses to meet their short-term requirement for funds.
INR 11.8 Trillion of the package is aimed at infusing liquidity. Also, credit guarantees up to INR 4 Trillion have been announced to incentivize banks to lend money.
Liquidity Infusion & Credit Guarantee together constitute 75% of the package.
Major part of Direct Benefits worth INR 2.3 Trillion has already been utilized in the PM Garib Kalyan Yojana.
INR 40000 crores for additional MGNREGS spending is the only major step that will help in reviving demand.
Government has done enough on the supply-side measures. However, it needs to be complemented with fast pick-up in demand to ensure the economic recovery is fast. We hope that the Government will take more measures to revive demand in the economy.
Government has also announced much needed reforms in many sectors. The benefits will be seen only in the long-term.
Since, this is the final report we have created a comprehensive report for your perusal. Hope you find it useful.
Make in india – a formidable step in right directionNeha Sharma
Make in India campaign of Prime Minister Narendra Modi has evoked lots of attention all over the world. Prospective investors from China, Japan, USA etc are eagerly watching changes being made in the directions of investment liberalization . There is no doubt that with this PM has taken a major initiative to bring Indian and International Corporate Sector on one platform to aggressively boost industrial production and growth in India.
Being responsible for contributing to the expansion of entrepreneurial endeavours the Micro, Small and Medium Enterprises sector ( hereinafter MSME ) has been widening its domain across the country. The article intended to give detailed information on MSME, its background, recent initiatives and its working.
• The 'District Industries Centre' (DICs) programme was started by the central government in 1978 with the objective of providing a focal point for promoting small, tiny, cottage and village industries in a particular area and to make available to them all necessary services and facilities at one place.
• The District Industries Centre is the institution at the District level, which provides all the services and support facilities to the entrepreneur for setting up Micro, Small and Medium Enterprises. This included identification of suitable schemes, preparation of feasibility reports, arrangements for credit facilities, machinery and equipments, provision of raw materials and development of industrial clusters etc.
• Established in 1940
• Vision is to be primary driving force of commercially sustainable industrial development .
• Industrial development Corporations are companies or agencies in India which were established at various times under the policy of Government of India for the promotion of small - scale industries.
• A Central Industrial Finance corporation was set up under the industrial Finance corporations Act, 1948 in order to provide medium and long term credit to industrial undertakings which fall outside normal activities of commercial banks.
• The State governments expressed their desire that similar corporations be set up in states to supplement the work of the Industrial financial corporation. State governments also expressed that the State corporations be established under a special statue in order to make it possible to incorporate in the constitutions necessary provisions in regard to majority control by the government, guaranteed by the State government in regard to the payment principal. In order to implement the views Expressed by the State governments the State Financial Corporation bill was introduced in the Parliament.
• Small Industries Development Bank of India (SIDBI), set up on April 2, 1990 under an Act of Indian Parliament, is the Principal Financial Institution for the Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector and for Co-ordination of the functions of the institutions engaged in similar activities.
• It was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India.
• The purpose is to provide refinance facilities and short term lending to industries. Its headquarters is in Lucknow.
• Former Deputy Managing Director is Shri N.K. Maini. Dr. Kshatrapati Shivaji is the new Chairman and Managing Director of the organisation.
INDIAN ECONOMY THE SHOW MUST GO ON GROWTH PADDLENeha Sharma
The monsoon session of parliament was over without transacting any meaningful business.In this process, the government could not get the constitutional amendment passed by Rajya Sabha (Lok Sabha has already passed the bill) to bring Goods and Service Tax (GST) to replace Excise, VAT and few other indirect taxes. Even the Land Acquisition Bill to facilitate Industrial Development and other public purposes was deffered on the recommendation of the joint parliamentary comittees.
MSME Registration | SSI | Udyog Aadhar | UDYAM Registration can be obtained by startups, micro, small & medium sized enterprises in India to avail various subsidies and schemes aimed at SME businesses. The Indian government has always been in favor of providing benefits & services to Micro, small and medium enterprises MSMEs enjoy benefits in terms of taxation, compliance requirements, credit terms etc.
Make in india – a formidable step in right directionNeha Sharma
Make in India campaign of Prime Minister Narendra Modi has evoked lots of attention all over the world. Prospective investors from China, Japan, USA etc are eagerly watching changes being made in the directions of investment liberalization . There is no doubt that with this PM has taken a major initiative to bring Indian and International Corporate Sector on one platform to aggressively boost industrial production and growth in India.
Being responsible for contributing to the expansion of entrepreneurial endeavours the Micro, Small and Medium Enterprises sector ( hereinafter MSME ) has been widening its domain across the country. The article intended to give detailed information on MSME, its background, recent initiatives and its working.
• The 'District Industries Centre' (DICs) programme was started by the central government in 1978 with the objective of providing a focal point for promoting small, tiny, cottage and village industries in a particular area and to make available to them all necessary services and facilities at one place.
• The District Industries Centre is the institution at the District level, which provides all the services and support facilities to the entrepreneur for setting up Micro, Small and Medium Enterprises. This included identification of suitable schemes, preparation of feasibility reports, arrangements for credit facilities, machinery and equipments, provision of raw materials and development of industrial clusters etc.
• Established in 1940
• Vision is to be primary driving force of commercially sustainable industrial development .
• Industrial development Corporations are companies or agencies in India which were established at various times under the policy of Government of India for the promotion of small - scale industries.
• A Central Industrial Finance corporation was set up under the industrial Finance corporations Act, 1948 in order to provide medium and long term credit to industrial undertakings which fall outside normal activities of commercial banks.
• The State governments expressed their desire that similar corporations be set up in states to supplement the work of the Industrial financial corporation. State governments also expressed that the State corporations be established under a special statue in order to make it possible to incorporate in the constitutions necessary provisions in regard to majority control by the government, guaranteed by the State government in regard to the payment principal. In order to implement the views Expressed by the State governments the State Financial Corporation bill was introduced in the Parliament.
• Small Industries Development Bank of India (SIDBI), set up on April 2, 1990 under an Act of Indian Parliament, is the Principal Financial Institution for the Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector and for Co-ordination of the functions of the institutions engaged in similar activities.
• It was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India.
• The purpose is to provide refinance facilities and short term lending to industries. Its headquarters is in Lucknow.
• Former Deputy Managing Director is Shri N.K. Maini. Dr. Kshatrapati Shivaji is the new Chairman and Managing Director of the organisation.
INDIAN ECONOMY THE SHOW MUST GO ON GROWTH PADDLENeha Sharma
The monsoon session of parliament was over without transacting any meaningful business.In this process, the government could not get the constitutional amendment passed by Rajya Sabha (Lok Sabha has already passed the bill) to bring Goods and Service Tax (GST) to replace Excise, VAT and few other indirect taxes. Even the Land Acquisition Bill to facilitate Industrial Development and other public purposes was deffered on the recommendation of the joint parliamentary comittees.
MSME Registration | SSI | Udyog Aadhar | UDYAM Registration can be obtained by startups, micro, small & medium sized enterprises in India to avail various subsidies and schemes aimed at SME businesses. The Indian government has always been in favor of providing benefits & services to Micro, small and medium enterprises MSMEs enjoy benefits in terms of taxation, compliance requirements, credit terms etc.
Do you struggle to understand India's MSME sector? Our complete MSME 2024 insights bundle helps you comprehend India's MSME ecosystem and make smart business decisions. BTHAWK Compliance Services
MSME stands for Micro, Small and Medium Enterprises. In a developing country like India, MSME industries are the backbone of the economy. MSME registration is a mandatory task for any business to start and operate in India. MSME categorized under two main categories, such as manufacturing enterprises and service enterprises.
For more Details visit @ https://www.msmeregistration.org/
Apply for MSME certificate online streamlines the process of registering your business entity under this classification. MSME certification is useful for availing various benefits, including subsidies, easier access to credit, and government support. To apply online, visit the official website msmeregisteration.org
MSME REGISTRATION | ONLINE PROCESS, ELIGIBILITY & BENEFITSCAONWEB Live
The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is given below.
MSME Registration | SSI | UDYAM | Udyog Aadhar Registration can be obtained by startups, micro, small & medium sized enterprises in India to avail various subsidies and schemes aimed at SME businesses
For More Details Visit @ https://www.msmeregistration.org/
MSME Registration in Salem, Trichy, Erode | SmartAuditorSmartauditor
Apply MSME Registration in Salem and Trichy. Udyog Aadhaar Certificate, Get Certificate In 1 Hr, Lifetime Validity, Least Cost in Erode, Free Consultant, 10 + Years of Experience, MSME Expert Help, Simple & Easy Process.
There is no limit to the financial benefits that an MSME registration certificate can proffer for your small business. Here is a comprehensive guide that will familiarize you with the numerous reforms introduced by the government for the growth of MSMEs in India.
MSME Registration | SSI | UDYAM | Udyog Aadhar Registration can be obtained by startups, micro, small & medium sized enterprises in India to avail various subsidies and schemes aimed at SME businesses
For More Details Visit @ https://www.msmeregistration.org/
The new classification of MSME's shall be effective from July 1, 2020. This new classification has been introduced by the Government to boost businesses and put to rest the growing fear among MSMEs of losing benefits granted under the MSME Act on account of outgrowing the erstwhile thresholds of classification.
For More Details Visit @ https://www.msmeregistration.org/
Disqualified Directors of Debarred Companies May Approach Courtsanjsur28
The government’s move to debar directors of companies who have not filled annual returns for three successive years is likely to be challenged in courts citing retrospective application of Companies Act, 2013. As a general rule, the law is always applicable prospectively, unless any prior date is mentioned specifically.
Acquisition of immovable property in India by persons resident outside India (foreign national) is regulated in terms of section 6 (3) (i) of the Foreign Exchange Management Act (FEMA), 1999 as well as by the regulations contained in the Notification No. FEMA 21/2000-RB dated May 3, 2000, as amended from time to time. Section 2 (v) and Section 2 (w) of FEMA, 1999 defines `person resident in India’ and a `person resident outside India’, respectively. Person resident outside India is categorized as Non- Resident Indian (NRI) or a foreign national of Indian Origin (PIO) or a foreign national of non-Indian origin. The Reserve Bank does not determine the residential status. Under FEMA, residential status is determined by operation of law. The onus is on an individual to prove his / her residential status if questioned by any authority.
. It’s purely about a new technical solution that you find fit and one that will yield you better results. And obviously, when it’s getting you better results why wouldn’t you safeguard it.
The fair use concept has a lot of factors embedded
into it and in this article we will see those factors in detail and give you a perfect
understanding of the fair use section of the copyright laws.
How to Obtain Permanent Residency in the NetherlandsBridgeWest.eu
You can rely on our assistance if you are ready to apply for permanent residency. Find out more at: https://immigration-netherlands.com/obtain-a-permanent-residence-permit-in-the-netherlands/.
DNA Testing in Civil and Criminal Matters.pptxpatrons legal
Get insights into DNA testing and its application in civil and criminal matters. Find out how it contributes to fair and accurate legal proceedings. For more information: https://www.patronslegal.com/criminal-litigation.html
ASHWINI KUMAR UPADHYAY v/s Union of India.pptxshweeta209
transfer of the P.I.L filed by lawyer Ashwini Kumar Upadhyay in Delhi High Court to Supreme Court.
on the issue of UNIFORM MARRIAGE AGE of men and women.
Military Commissions details LtCol Thomas Jasper as Detailed Defense CounselThomas (Tom) Jasper
Military Commissions Trial Judiciary, Guantanamo Bay, Cuba. Notice of the Chief Defense Counsel's detailing of LtCol Thomas F. Jasper, Jr. USMC, as Detailed Defense Counsel for Abd Al Hadi Al-Iraqi on 6 August 2014 in the case of United States v. Hadi al Iraqi (10026)
NATURE, ORIGIN AND DEVELOPMENT OF INTERNATIONAL LAW.pptxanvithaav
These slides helps the student of international law to understand what is the nature of international law? and how international law was originated and developed?.
The slides was well structured along with the highlighted points for better understanding .
Introducing New Government Regulation on Toll Road.pdfAHRP Law Firm
For nearly two decades, Government Regulation Number 15 of 2005 on Toll Roads ("GR No. 15/2005") has served as the cornerstone of toll road legislation. However, with the emergence of various new developments and legal requirements, the Government has enacted Government Regulation Number 23 of 2024 on Toll Roads to replace GR No. 15/2005. This new regulation introduces several provisions impacting toll business entities and toll road users. Find out more out insights about this topic in our Legal Brief publication.
RIGHTS OF VICTIM EDITED PRESENTATION(SAIF JAVED).pptxOmGod1
Victims of crime have a range of rights designed to ensure their protection, support, and participation in the justice system. These rights include the right to be treated with dignity and respect, the right to be informed about the progress of their case, and the right to be heard during legal proceedings. Victims are entitled to protection from intimidation and harm, access to support services such as counseling and medical care, and the right to restitution from the offender. Additionally, many jurisdictions provide victims with the right to participate in parole hearings and the right to privacy to protect their personal information from public disclosure. These rights aim to acknowledge the impact of crime on victims and to provide them with the necessary resources and involvement in the judicial process.
A "File Trademark" is a legal term referring to the registration of a unique symbol, logo, or name used to identify and distinguish products or services. This process provides legal protection, granting exclusive rights to the trademark owner, and helps prevent unauthorized use by competitors.
Visit Now: https://www.tumblr.com/trademark-quick/751620857551634432/ensure-legal-protection-file-your-trademark-with?source=share
ALL EYES ON RAFAH BUT WHY Explain more.pdf46adnanshahzad
All eyes on Rafah: But why?. The Rafah border crossing, a crucial point between Egypt and the Gaza Strip, often finds itself at the center of global attention. As we explore the significance of Rafah, we’ll uncover why all eyes are on Rafah and the complexities surrounding this pivotal region.
INTRODUCTION
What makes Rafah so significant that it captures global attention? The phrase ‘All eyes are on Rafah’ resonates not just with those in the region but with people worldwide who recognize its strategic, humanitarian, and political importance. In this guide, we will delve into the factors that make Rafah a focal point for international interest, examining its historical context, humanitarian challenges, and political dimensions.
1. MSME will change the Economy of the
Country.
The scheme, Micro Small & Medium Enterprises (MSMEs) are perfectly defined
under the MSMED Act 2006 on the basis of the capital investments made in plants
and machinery, excluding investments in the lands and buildings of the company.
MSME stands for Micro, Small and Medium enterprises, and these are essentially
the backbone of any developing economy. To support and promote MSMEs all
around the country, the Government of India has been making many efforts
through various subsidies, schemes and incentives on promoting MSMEs through
the MSMED Act. To avail the benefits which are provided under the MSMED Act
from Central or State Government and from the Banking Sector, MSME
Registration is mandatory.
MSME enterprises are a vital part of any economy and is an engine of economic
growth, promoting equitable development for the country. MSME Enterprises are
typically more labor intensive than the other larger corporates and they provide
tremendous employment potential at a very low capital cost. MSME also share a
2. major portion of the industrial production and export in India which eventually on
the other hand plays a pivotal role in the development of industrial economy in
India. Therefore, to promote and develop the MSMEs; the MSMED Act of India
facilitates the promotions and development of enterprises through many
incentives, schemes and subsidies. To facilitate the benefits under the MSMED
Act, MSME Registration is an absolute must and proprietorship firms, partnership
firms, LLPs, Private Limited Company’s and Public Limited Companies could
register themselves.
The MSME registration is not a statutory. However, the MSME registration
process in India have been conceptualized to provide the maximum benefits to all
types of enterprises. After the registration, any enterprise could become qualified
to reap all the benefits offered under the MSMED Act. Some of the benefits from
the Central Government which included easy sanction of bank loans (Priority
sector lending), with lower rates of interest, excise of exemption scheme,
exemption under the Direct Tax Laws and statutory supports such as the
reservation and the interest on the Delayed Payments Act. State Government and
Union Territories also have complied their own package of the facilities and
incentives for the MSMEs. Some of the basic benefits provided by the State
Government of the MSMEs included by the developments made in industrial
estates, tax subsidies, power tariff subsidies, capital investments subsidies and
then any other support. Both the Central and State government works under the
law which targets their incentives and then support of the packages generally to
be units registered with them. Banking Laws, Excise Law and the Direct Taxes Law
which have incorporated to the word MSME in their exemption notifications.
Therefore, the registrated certificates issued by the registering authorities which
are seen as the proof of being MSME and is required to the avail the benefits by
sanctioning for the MSME.
Enterprises which engage in the manufacturing and production, processing or
preservation of the goods, the definitions and subdivisions as following:
Micro Enterprise: An enterprise where the investment in the plants and
machinery is not exceeding over Rs. 25 lakh.
Small Enterprise: An enterprise where the investment in the plant and
machinery is more than Rs. 25 lakh but is not exceeding over Rs. 5 crore.
3. Medium Enterprise: An enterprise where the investment in the plant and
machinery is more than Rs.5 crore but is not exceeding over Rs.10 crore.
In case of the above enterprises, investments in the plant and the machinery is
the original cost excluding the land and building and the other items are as
specified by the Ministry of the Small-Scale Industries.
For the Enterprises engaged in the providing or rendering of the services, the
definition is as follows:
Micro Enterprise: An enterprise where the investments in equipment is not
exceeding over Rs. 10 lakh.
Small Enterprise: An enterprise where the investments in equipment is
more than Rs.10 lakh but is not exceeding over Rs. 2 crore.
Medium Enterprise: An enterprise where the investments in equipment is
more than Rs. 2 crore but is not exceeding over Rs. 5 crore.
