MSME stands for micro, small and medium enterprises, and these play an important role in the development of the country. To support and promote MSME, the government offers MSME loans, schemes and incentives promote MSME’s through the MSMED act. MSME is also known as the growth engine of the economy. It’s not only share a major portion in exporting, but also provides employment to the fresh graduates and uneducated citizens of India. So, if you are an entrepreneur and want to set up MSME, you need to follow the steps that are listed below;
Project Selection: Choosing a project to start can be a difficult undertaking, especially if you have a lot of ideas. But just cannot make up your mind. But, even if you have no idea about what project to start, you should consider some important things that are listed below;
First few questions that you should ask yourself:
Following the factor keep in mind that:-
While checking out a process technology, the following things needs to be considered with utmost care.
Financial assistance for MSME in India is available form an variety of institutions. The important ones are listed below;
For loans from the financial institutions and commercial banks a formal application need to be submitted. The documents are needed to filed the application form are listed below;
An approval and rejection of the application is issued by the banks after the verification of the application. After receiving an approval letter, applicants need to indicate in writing the accepting terms and conditions of the bank.
Unit Development: Setting up an establishment is much more than putting signup board and waiting for customers to walk in. It requires negotiating a favourable plot, organising for proper construction of building, design and interiors, and finding good deals for equipment and machinery.
Construction building: Once an industrial plot is secured, then the next job is that finding a suitable architect. Design of industry building has to be in consonance with the type of industry and have an appropriate plant layout. An architect estimate the cost of the building construction which helps you in taking loan applications.
After hiring architect and getting loan, material procurement and planning are critical to success. Inventory management can lead to manageable flow; otherwise if too much is ordered to soon considerable amount of working capital get locked up.
UDyog Aadhar memorandum: Ministry of Micro, Small and Medium Enterprises (MSME) has notified the Udyog Aadhaar Memorandum (UAM) under the MSMED Act, 2006 vide gazette notification [SO No.2576(E)] dated 18-09-2015 in order to promote ease of doing business for MSMEs.
The salient features of udyog aadhar are:-
Regulatory or Taxation Clearances:-
1.Registration under Sales Tax Act - Commercial Tax officer of area concerned
2.Registration under Central Excise Act - Collector of Central Excise or his nominee for
3.Payment of Income Tax - ITO of the area concerned
4.Registration of Partnership deed - Inspector General of area concerned
5.Calibration of weights & measures - Weights and Measures Inspector of State
6.Power Connection - Designated Officer of State Electricity Board
7.Employee strength exceeding 10 with power connection or 20 without power – Chief Inspector of Factories
Product Specific Clearances:-
1.Establishing a Printing Press - District Magistrate
2.License for Cold Storage Construction - Designated Official in State
3.Pesticides - Central/State Agricultural Department - Ministry of Agriculture
4.Drugs and Pharmaceuticals - Drug license from State Drug Controller
5.Safety Matches/ Fireworks - License under Explosives Act from Directorate of Explosives Nagpur
6.Household Electrical Appliances - License from Bureau of Indian Standards
7.Wood Working Industry within 8 km from forest - District Forest Officer
8.Milk Processing & Milk products manufacturing units - Approval under Milk and Milk
Products Order from State Agricultural/ Food Processing Industries Department above a designated capacity.
Quality Certification: Quality certification has become extremely important in competitive market and especially gaining foothold in export. As per the industry nature you can avail ISO certification. It shows that you are following all the quality guidelines while manufacturing products and it is completely free from the error. To avail ISO certification you can take the help of consult. At, Unilex business consultant we help you regarding ISO certification and MSME certification. All you need is to do just share your documents via email ID and we will help you in obtaining MSME registration and ISO certification.
Well with highly qualified professionals in our team along with the technology gives edge over others, as a result highly rated professional services with full customer satisfaction is assured. We help to grow and manage your business letting you to concentrate on your business.
Unilex is registered with the Ministry of Micro, Small & Medium Enterprises (MSME), a part of Government of India.
Unilex is a ISO certified body, assuring the quality professional services to aspiring startups
Subject to our terms and conditions, money back is guaranteed if we failed to give 100% customer satisfaction
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