Govt’s mega registration drive for MSMEs

THERE ARE MORE THAN 90 LAKH ACTIVE MSMES IN UTTAR PRADESH, BUT ONLY 14 LAKH ARE REGISTERED, SAYS THE MSME AND EXPORT PROMOTION DEPARTMENT

The state government on Thursday launched a 15-day registration campaign for Micro, Small and Medium Entreprises (MSMEs) in all 75 districts across the state.

The campaign aims at covering around 14 lakh such MSMEs that are not yet registered with the MSME Udyam portal, and providing them all the benefits of the state government.

There are more than 90 lakh active MSMEs in the state, but only 14 lakh are registered, says the MSME and Export Promotion department of the state government.

A large number of active Micro, Small and Medium Entreprises need to be registered to avail benefits of all schemes of the state government as all these units contribute directly or indirectly to the state’s GDP.

The Directorate of Industries is organising these camps. The MSMEs themselves can also register by visiting the MSME Udyam portal.

Eligibility for registration

In the micro-enterprise category those with an investment of up to Rs one crore and a turnover of up to Rs 5 crore will be registered.

Under the small enterprise category, eligible enterprises must have an investment of up to Rs 10 crore and a turnover of up to Rs 50 crore.

In the medium category, enterprises with an investment of up to Rs 50 crore and a turnover of up to Rs 250 crore

Benefits of registration

Free insurance coverage up to Rs five lakh under the accident insurance scheme which will be implemented soon.

Exemptions in government procurement through Earnest Money Deposit and benefits in government tenders.

Ease of obtaining loans from banks.

Convenience in the payment of pending dues through the facilitation council.