Setting up a micro business? Essential documents and registration?
As part of ease of doing business in India, the government of India launched Udyam Registration for all micro small and medium level industries/business institutions. It’s a one stop shop for almost all services to MSME category businesses. It is mandatory to register a UDYAM portal by all new/ existing MSME category businesses. Click here https://udyamregistration.gov.in/Government-India/Ministry-MSME-registration.htm
For new registration you must have an Aadhar card, pan card (individual/partnership) and a GST registration before registering in the portal. The process is completely paperless and free of cost service. This registration is a one-time process and there is no need to renew it every year. Udyam registration is beneficial for MSME business institutions as priority will be given for MSME schemes, business loans, attending government tenders etc only to Udyam registered businesses.
On the other hand, to ease tax, invoicing and credit related matters of the small business industries, registered msme can join https://www.invoicemart.com/home https://www.m1xchange.com/, https://www.rxil.in/. These are online based sales platforms to fasten your business growth by availing instant cash to your account on each of your business. Through this platform, an MSME owner just need to upload invoice of the particular order, the financiers in The Platform may accept the invoice and bill amount transferred to your business account, means a manufacturer no need to wait so long to get the payment from the order company
The above websites are safe and govt approved to help MSME.
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