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UDYAM

Pros & Cons of Udyam Registration for a Freelancer, Proprietor or Small Entity

Before discussing about the pros and cons of UDYAM registration, many newbie entrepreneurs still have questions about what UDYAM Registration is! So, if you have the same confusion, let us make it clear before coming to the point. UDYAM Registration (commonly known as MSME Registration) is a government registration process for small/medium businesses and enterprises.  With this registration, a recognition certificate and a unique number are provided to the owner… Read More »Pros & Cons of Udyam Registration for a Freelancer, Proprietor or Small Entity

MSME – Investment limits, Registration, Benefits & role on Indian Economy

Micro, Small and Medium Enterprises is also known as MSMEs are the backbone of Indian economy. MSME operating in various areas across the country silently, more than six crore MSMEs have an important role to play in building a stronger and self-reliant India. These small economic engines have a big impact on the country’s GDP-making a contribution of 29%. In addition, more than 11 crore people have got job in… Read More »MSME – Investment limits, Registration, Benefits & role on Indian Economy

Registration Under UDYAM

Any business can be classified as Micro, Small or medium Business. You can take a look on the table in which classification of such ventures has been made as per the latest guidelines: Classification     Investment in plant, and equipment   Turnover Micro enterprise   Less than INR 10000000   Less than INR 50000000 Small enterprise   Less than INR 100000000   Less than INR 500000000   Medium enterprise… Read More »Registration Under UDYAM

NIC Codes Under UDYAM Registration

National Industrial Classification code is also known as NIC Code is an inevitable statistical standard designed to analyse and compare contribution of each business entity in the asset development of the Indian Government. An accumulative data of multiple firms is used to measure economically active populace and its conveyance, arrange different types of labour, work insights of the distinctive fields, and other financial information, such as national salary.  The NIC… Read More »NIC Codes Under UDYAM Registration

UDYAM Registration Benefits

The concept behind introducing UDYAM Registration was to simplify the procedural format to register their business under Micro Small Medium Enterprise or MSME. UDYAM Registration is also known as MSME Registration, a government registration that is provided along with a recognition certificate & a unique number. This is to certify small/medium businesses or enterprises. The new procedure for registration of micro, small and medium enterprises (MSMEs) in the name of… Read More »UDYAM Registration Benefits

MSME SAMADHAAN – How to Recover Pending Dues From Customers by MSME Vendors

MSME Samadhaan Portal was established to entitle all the micro and small-scale enterprises of India. It enables micro & small business owner to directly register their cases related to delayed payments. MSMED (Micro, Small and Medium Enterprise Development) Act, 2006 covers the provisions to deal with delayed payment cases to Micro and Small Enterprises (MSEs). According to the provisions, the buyer is responsible to pay compound interest with monthly rests… Read More »MSME SAMADHAAN – How to Recover Pending Dues From Customers by MSME Vendors