MSME

New Financial Reliefs for Businesses under Aatmanirbhar Bharat 3.0

Aatmanirbhar 3.0

The Finance Minister Nirmala Sitharaman announced the new measures under the new Aatmanirbhar Bharat 3.0 stimulus package worth Rs 2.65 lakh crore to promote the Indian economy amid the ongoing COVID-19 pandemic. Let’s Understand the Notification in detail- Aatmanirbhar Bharat 3.0 Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman has announced the essential … Read more

Difference Between OPC and Private Limited Company

OPC and Private limited company

OPC and Private Limited Company are two various business structures governed by the Companies Act. The concept of One Person Company promotes single and passionate entrepreneurs to operate their venture. However, Private Limited Company needs two persons to incorporate the company. In this article, we will explain the difference Private Limited Company and OPC from … Read more

MSME’s Emergency Credit Line Guarantee Scheme, ECLGS

Emergency Credit Line Guarantee Scheme

The Central Government has issued the notifications for extensions of Emergency credit line guarantee scheme for MSME sector. Let’s summaries the Notifications issued:- The Central government has declared the notification to extend the Rs 3 lakh crore-Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector beyond October even though the sanctioned amount so far … Read more

MSME in India – New Guidelines for Udyam Registration

GST and ITR for MSME

Recent Notification issued by the Government of India notified on new eligibility, and guidelines for Udyam Registration for Micro Small & Medium Enterprises(MSME). Every business has to obtain GST registration and file Income tax return on or before 31st march 2021 to sustain the validity of the MSME Certificate. According to the Government’s revised guidelines, MSME is now placed under the … Read more