MSME industries changed definition, registration will have to be done again

In order to give relief to the MSME (Micro, Small and Medium Enterprises) sector in Purnbandi, some changes have been made in it. Under the new rule from July 1, all MSME sector entrepreneurs will have to register again. The number of MSME units in the district is about 20 thousand.

Units in the MSME sector have been identified on the basis of investment and turnover. Under the new definition, such micro enterprise where investment in plant and machinery does not exceed one crore rupees and turnover does not exceed five crore rupees.

Similarly, industries whose investment is not more than Rs. 10 crores and turnover is not more than Rs. 50 crores and whose investment (machinery) does not exceed Rs. 50 crores and turnover is not more than Rs. 250 crores. MSME is in the category of sector. Entrepreneurs of companies coming into these slabs will have to register themselves afresh on July 1 on the Enterprise Registration Portal. Also, all the entrepreneurs registered till June 30 will be classified according to the new slab.

Registration process
The entire process will be online. The form will be found on the Enterprise Registration Portal for registration. There is no fee to apply for registration. Aadhaar number will be required for this. Some documents have to be given. No entrepreneur will register more than one enterprise.

MSME Industry Scope
Food products, beverages and tobacco products, textiles, jute textiles, wool and silk synthetic products, hosiery and apparel, timber and wood products, paper, paper products and printing, leather and leather products, rubber plastics and petroleum, chemicals and chemicals Products, non-ferrous metals, mater products, machinery and machine tools, electric machinery appliances, transport equipment, electronic industry etc.

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