Startup and MSME

Entrepreneurs go for startup registration because of the following benefits varying from time to time:-

   Single Window Clearance via the mobile application

   Corpus fund of Rs 10,000 crore to triggers the development of the startup.

   The patent registration fee would be 80% less than the original fee.

   Liberalized Bankruptcy Code for the seamless exit.

   Three years of relief from mystifying inspections

   No tax on profit for 3 years

   The non-existence of red tape

   Self-certification compliance

   Encourage innovation and entrepreneurship

Eligibility for Startup Registration:-

   Period of existence and operations should not be exceeding 10 years from the Date of Incorporation

   Incorporated as a Private Limited Company, a Registered Partnership Firm or a Limited Liability Partnership

   Should have an annual turnover not exceeding Rs. 100 crore for any of the financial years since its Incorporation

   Entity should not have been formed by splitting up or reconstructing an already existing business

   Should work towards development or improvement of a product, process or service and/or have scalable business model with high potential for creation of wealth & employment

   Registration, buying and maintaining a Company under Companies Act, 2013 or LLP under LLP Act, 2008

   Preparing documents and completing registration on Startup India Portal of Department of Industrial Policy and Promotion

   Registration on MSME Portal of Department of Industrial Policy and Promotion

MSME

Entrepreneurs go for startup registration because of the following benefits varying from time to time:-

   Easy sanction of bank loans (Priority sector lending) and collateral-free credit

   Lower rates of interest

   Excise exemption scheme

   Exemption under Direct Tax Laws

   Statutory support such as reservation

   Interest on Delayed Payments Act

   50% subsidy on Patent Registration

   Subsidy for Industrial Promotion as suggested by the Government

Eligibility for MSME Registration:-

Enterprise	The Industry of Manufacturing and Production (Investment in Plant and Machinery)	Services Rendering Industry (Investment in Equipment)
Micro	Investment in plant and machinery doesn’t exceed Rs. 25 Lakhs.	Investment in equipment doesn’t exceed Rs. 10 Lakhs.
Small	Investment in plant and machinery exceeds Rs. 25 Lakhs but is below Rs. 5 Crore.	Investment in equipment exceeds Rs. 10 Lakhs but is below Rs. 2 Crore.
Medium	Investment in plant and machinery exceeds Rs. 5 Crore but is below Rs. 10 Crore.	Investment in equipment exceeds Rs. 2 Crore but is below Rs. 5 Crore.