Zippyway

MSME

We can help you set up your MSME in the least time while you focus fully in your core business

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    Overview

    MSME is the backbone of the modern Indian economy and is considered as the growth engine for the equitable and sustainable economic development of the country. To promote the growth of Micro, Small & Medium Enterprises, the government of India gives various concessions and extends financial assistance exclusively to the units or enterprises which qualify to be micro, small, and medium enterprises. The Micro Small & Medium Enterprises Development Act 2006 makes it mandatory for MSME to register themselves with the government and to obtain Udyam for availing benefits provided under MSME Development Act.

    Classification

    Classification
    Criteria
    Micro
    Small
    Medium
    Manufacturing Enterprises and Enterprises rendering Services
    Investment in Plant & Machinery
    <= 1 Crore
    <= 10 Crore
    <= 50 Crore
    Manufacturing Enterprises and Enterprises rendering Services
    Annual Turnover
    <= 5 Crore
    <= 50 Crore
    <= 250 Crore
     

    Benefits of MSME

    EASY AVAILABILITY OF LOAN

    Every MSME whether in manufacturing sector or service sector is entitled to collateral or mortgage free loan from Bank for an amount up to Rs. 1 Crore through SIDBI under Credit Guarantee Scheme.

    SPEEDY RECOVERY OF DUES

    The MSME is required to be paid as per the agreement between parties or within 45 days if there is no understanding between them. Failure entitles the MSME for an interest which is three times the bank rate.

    GOVT. PROCUREMENT PRIORITY

    Central or state government departments have been mandated to extend priority treatment to MSME while procuring goods or services for the consumption of goods or services for public purposes.

    CONCESSIONAL ELECTRICITY

    TA registered MSME can avail concessional rate of electricity for their unit by making a written application along with the certificate issued after registration as MSME ( Udyog aadhar) to the electricity department.

    REBATE IN TAXES

    MSME registered under the MSMED Act, 2006 is eligible for many tax incentives and exemption both under the Direct Taxes and Indirect Taxes including GST such as capital gain subsidy schemes under income tax act.

    50% DISCOUNT ON IP PROTECTION

    While filing the trademark application in any class or multiple class, the MSME enjoys 50% less fee of filing in comparison to other corporates or firm. Similarly while filing patent 50% discount is granted to the MSME.

    Process of IEC

    PAN Verification

    IEC Certificate

    Filing Application

    Pay Fee

    Documents Needed IEC

    PAN Card

    Address Proof

    NIC Code of Products

    Aadhaar Card of Applicant

    Bank Account Details

    GST Registration Certificate

    Frequently Asked Questions

    Most frequent Questions and Answers

    Yes, Zippyway is an Online Platform serving all over India. Thus, No matter where you doing your business, all you need is Internet Connection on your mobile or desktop and we are ready to get your job done.

    No, You don’t need to be physically present for the process. Zippyway is an Online Catering Platform, all you need is Internet Connection in your device and the required documents with you. We will get the job done even if you are present at the remotest location of India.

    In most of the cases, you will receive the final soft copy of Certificates (or the requisite document) over e-mail and in relevant cases, you will receive the hard copy through the post.

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