Company is in the small-scale industry and it wants to become a medium-scale. Could you please let me know the process for it, its advantages, or disadvantages if we want the changes to be done in Udyog Adhaar? Please confirm and let me know.
From India, Pune
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From India, Pune
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The classifications of firms into micro, small, medium, and large-scale units are mostly based on their size of inventory in P&M, gross assets, and net assets apart from turnover over the years. Remaining at micro and small-scale firms helps such firms to be eligible for trade-related benefits such as priority to loans from banks (working capital and term loans), concessional rate of interest, waiver of certain compliance procedures, shorter collection of trade dues, entitlement to overdue interest on dues by purchasers pending beyond certain cutoff periods involved in credit sales, etc. Once you graduate to the next levels, there is a danger of losing these benefits one after another. While micro and small-scale firms stand to benefit compared to their contemporaries in the next level, it may not be necessary to check your growth opportunities/promises to achieve better in your endeavors. We come across many mergers, amalgamations, takeovers, etc., which happen only aimed at better growth and expansion.
Notes on MSME are attached for your info.
From India, Bangalore
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1158Notes on MSME are attached for your info.
From India, Bangalore
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logo भारत सरकार
सूक्ष्म , लघु और मध्यम उद्यम मंत्रालय
Government Of India
Ministry of Micro, Small & Medium Enterprises
Dear Friends,
In last five years we have taken many measures in improving the ecosystem of Micro, Small and Medium Enterprises (MSMEs) by way of changes in policies, programmes & Schemes and redressal of grievances.
We are even more encouraged to bring about changes which improve 'Ease-of-doing-Business' and thus achieve Government of India’s commitment for 'Ease of Living'.
We request you to give us ideas which are impactful to bring about this effect. We have devised a short 'online form' in which you can give your idea/suggestions.
Please Click here to write to us.
https://my.msme.gov.in/MyMsme/Survey...kValidate.aspx
Ministry of Micro, Small & Medium Enterprises <no-reply@sampark.gov.in>
From India, Bangalore
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सूक्ष्म , लघु और मध्यम उद्यम मंत्रालय
Government Of India
Ministry of Micro, Small & Medium Enterprises
Dear Friends,
In last five years we have taken many measures in improving the ecosystem of Micro, Small and Medium Enterprises (MSMEs) by way of changes in policies, programmes & Schemes and redressal of grievances.
We are even more encouraged to bring about changes which improve 'Ease-of-doing-Business' and thus achieve Government of India’s commitment for 'Ease of Living'.
We request you to give us ideas which are impactful to bring about this effect. We have devised a short 'online form' in which you can give your idea/suggestions.
Please Click here to write to us.
https://my.msme.gov.in/MyMsme/Survey...kValidate.aspx
Ministry of Micro, Small & Medium Enterprises <no-reply@sampark.gov.in>
From India, Bangalore
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