–MSMEs face an identity threat due to economic recession in the FY 2021 in the midst of the Covid-19 pandemic.
India was moving towards a 15-percent decline in revenue and a 25-percent decrease in earnings before interest, taxes. fortunately, for smaller firms, revenue will also fall by 17-21 percent, while the EBITDA margin would fall by 200-300 basis points ( bps) to 4-5 percent, with weak demand away from lower commodity prices.
The downward trend at the operational level will also have an impact on creditworthiness. In the meantime, the average interest rate coverage ratio could fall to 1-1.5 times the 2.4-fold between the 2017 and 2020 fiscal years, “the study said.
Of Managing Director/Partner(in case of company/partnership firm)
Must be linked with mobile no. and pan.
GSTIN and Pan Card.(RC copy of GST no.)
Annual Turnover as per Income Tax and GST.
Plant and Machinery details as per Income Tax Return.
Self-declared if Income Tax Return not filed.
Date of Incorporation of business (RC copy of company)
Income Tax Return Copy with the Balance sheet and Profit and Loss.
Email id/ Mobile No.
Benefits of Udyam Registration MSME –
– Collateral Free Borrowings
– Subsidized Loan from banks with a low-interest rate
– Participate in the International Trade Fairs
– Benefits from Central Government Schemes
– Preference in the Government Tenders
– Get Subsidy on the Patent Registration
– Protection against delayed payment
– Get Subsidy on Trademark Registration
– Concession in electricity bills
– Easy to get licenses, approvals, and registrations
– Reimbursement of Foreign Exhibition Charges
Govt of India schemes to promote MSMEs
MSME Samadhaan– The MSME Delayed Payment Portal would allow Micro and Small Businesses (MSMEs) across the country to file their complaints about delayed payments from Central Ministries/Departments/CPSEs/State Governments.
Digital MSME SchemeIt entails the use of Cloud Computing, in which MSMEs use the internet to access both standard and customised IT infrastructure.
Micro & Small Enterprises Cluster Development Programme (MSE-CDP)– adopts cluster development approach for enhancing the productivity and competitiveness as well as capacity building of MSEs.
Credit Linked Capital Subsidy Scheme (CLCSS) is operational for upgradation of technology for MSMEs.
MSME Sambandh : To monitor the implementation of the public procurement from MSMEs by Central Public Sector Enterprises.
Revamped Scheme of Fund for Regeneration Of Traditional Industries (SFURTI) : Traditional industries and artisans are grouped together to make them more competitive by increasing their marketability and providing them with better skills.
Prime Minister Employment Generation Programme: It is a credit linked subsidy program under Ministry of MSME.
National Manufacturing Competitiveness Programme (NMCP): The National Manufacturing Competitiveness Programme (NMCP) aims to improve Indian MSMEs’ global competitiveness by enhancing their processes, designs, technology, and market access.
A Scheme for Promoting Innovation, Rural Industry & Entrepreneurship (ASPIRE): Creates new jobs and lowers unemployment, encourages entrepreneurship, and facilitates innovative business solutions, among other things.
Udyami Mitra Portal :SIDBI initiated this initiative to make lending and handholding services more accessible to MSMEs.
Rajput Jain & Associates is a Chartered Accountants firm, with it's headquarter situated at New Delhi (the capital of India). The firm has been set up by a group of young, enthusiastic, highly skilled and motivated professionals who have taken experience from top consulting firms and are extensively experienced in their chosen fields has providing a wide array of Accounting, Auditing, Taxation, Assurance and Business advisory services to various clients and their stakeholders.
Rajput jain & Associates, a professional firm, offers its clients a full range of services, To serve better and to bring bucket of services under one roof, the firm has merged with it various Chartered Accountancy firms pioneer in diversified fields.
We have associates all over India in big cities. All our offices are well equipped with latest technological support with updated reference materials. We have a large team of professionals other than our Core Team members to meet the requirements of our prospective clients including the existing ones. However, considering our commitment towards high quality services to our clients, our team keeps on growing with more and more associates having strong professional background with good exposure in the related areas of responsibility.
Savings Account – Rules for Transactions to Avoid Income Tax Scrutiny The Income Tax Department monitors high-value transactions through banks’… Read More
