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What is MSME? Is there any benefit for hospitals to register under MSME?

After a long wait, hospitals and nursing homes in India have been granted Micro, Small and Medium Enterprises (MSMEs) status by the Centre. 

Now, the hospitals can register themselves under the MSME with the code 86- Human health activities, which is now available at MSME website.

All medical services including Hospitals, Nursing Homes, Clinics are eligible for MSME registration. It is also known as Udyam Registration. MSME Registration can be done online, so let us understand the Benefits Of MSME Registration For Doctors.                                 

 

What is MSME ?

MSME definition :

Investment refers to investment in Plant and Machinery or Equipment With Effect form 01.07.2020

Medium Enterprises definition has been changed to Investment< Rs. 50 cr. And Turnover < Rs.250 cr.

MSME Classification

Composite Criteria : Investment And Annual Turnover

Classification

Micro

Small

Medium

Manufacturing & Services

Investment< Rs. 1 cr. And Turnover < Rs.5 cr

Investment< Rs. 10 cr. and Turnover < Rs.50 cr

Investment< Rs. 20 cr. And Turnover < Rs.100 cr.

 

What are the benefits? 

Benefits of MSME Registration.

Advantages Of MSME Registration For Doctors in India

After Udyam registration or MSME Registration, medical services including dental services & healthcare can avail of the benefits extended under MSME. MSME Registration for doctors is quite beneficial. These benefits are given below:-

  • MSME registration is proof of Legal Existence for healthcare businesses and doctors. This is quite beneficial for Proprietorship Firms that do not have any other proof of existence.
  • Financial institutions lend money at a lower rate of interest due to the MSME registration.
  • It becomes convenient to finance Micro, Small, and Medium Enterprises. It comes under the Priority to medical services including dental services & the healthcare Sector to lend money as per the guidelines of the Reserve Bank of India.
  • The Government of India has made collateral-free loans available to all small and micro-business sectors. After MSME registration, Healthcare units and doctors can claim these benefits.

Collateral Free Loans for Doctors through MSME Registration

The Ministry of Micro, Small, and Medium Enterprises Small Industries Development Bank of India jointly established a Trust. CGTMSE is contributed by the Government of India and SIDBI and Doctors have benefited from this.

Doctors can take Collateral free loans up to a limit of ₹ 100 lakh. Both old and new enterprises(hospitals) are eligible under the scheme. Candidates who fulfill the eligibility criteria may approach banks / financial institutions for a loan. All types of medical services extended by the medical fraternity will qualify to be classified as MSME as per the new definition by World Economic Forum, July 1, 2020. Maximum Guarantee where credit facility is Above 5 lakh up to 50 lakh, Above 50 lakh up to 200 lakh.


 Frequently Asked Questions

Q.Is MSME updated to Udyog Aadhar?
A. Yes, MSME registration has been replaced with the Udyog Aadhar registration. If any

micro, small and medium industries want to start any business; they need to do the registration with MSME/Udyog Aadhar. This registration with MSME/Udyog Aadhar can

be done in two ways online and offline. This facility provides the business with a lot of benefits and subsidies.

Q. Is aadhar card compulsory?

A. Yes. For registration under the Udyog Aadhar scheme, aadhar card is compulsory. In case an applicant is other than the proprietor, the Aadhar card of the partners and the directors will be required.

Q. Can existing and new businesses both apply?
A. Yes, an existing and new business can apply for MSME/Udyog Aadhar registration.

Provided the existing unit is functioning and meets the threshold limits for registration. Q. What is the validity of the certificate?

A. There is no expiry of the Udyog Aadhar Certificate. As long as the entity is ethical and financially healthy there will be no expiry of the certificate.

Q. Can trading companies register under MSME?

A. No. MSME covers only manufacturing and service industries. Trading companies are not covered by the scheme. MSME is to support startups with subsidies and benefits, trading companies are just like middlemen, a link between manufacturer and customer. Hence not covered under the scheme.

Q. Do I need multiple registrations for manufacturing plants in different cities?
A. No. The MSME/Udyog Aadhar certificate is for a single entity irrespective of multiple

branches or plants. However, information about multiple branches or plants must be furnished.

Q. What is NIC code? National industrial classification code (NIC CODE)

A: while registering on the online portal, the NIC code for medical/health services is 86 and in some cases 87. once you click on 86 it will ask for options. Please put the options as applicable for your services to complete the code. 

 

Procedure for registration under MSME

Visit https://udyogaadhaar.gov.in/
Enter Aadhaar number of the authorised person filling the form. Enter name of the authorised person filling the form.
Validate Aadhaar number through OTP.

Social Category- The Applicant may select the Social Category (General, Scheduled Caste, Scheduled Tribe or Other Backward Castes (OBC). The proof of belonging to SC, ST or OBC may be asked by appropriate authority, if and when required.

Gender- The Applicant can select gender of Entrepreneur
Physically Handicapped- The Applicant can select Physically Handicapped status of

Entrepreneur

Name of Enterprise- The Applicant must fill the name by which his/her Enterprise is known to the customers/public and is a legal entity to conduct business. One applicant can have more than one enterprises doing business and each one can be registered for a separate Udyog Aadhaar and with the same Aadhaar Number as Enterprise 1 and Enterprise 2 etc. Combination of same Aadhaar Number and Enterprise Name can be aadded second times. Only additinal details can be added or deleted at the time of editing

Type of Organization- The Applicant may select from the given list the appropriate type of the organisation for his/her enterprise. The Applicant must ensure that he/she is authorised by the legal entity (i.e. enterprise being registered for Udyog Aadhaar) to fill this online form. Only one Udyog Aadhaar number shall be issued for each enterprise.

PAN Number – The Applicant have to enter PAN Number in case of Co Operative,Private Limited, Public Limited and Limited Liability Partnership It. Will be optinal in remaining type of Organisation

Location of enterprise- The Applicant may add multiple plant location in one registration by clicking Add Plant button

Official Address- The Applicant should fill in the appropriate field the complete postal address of the Enterprise including State, District, Pin code, Mobile No and Email.

Date of Commencement- The date in the past on which the business entity commenced its operations may be filled in the appropriate field.

While registering on the online portal, the NIC code for medical/health services is 86 and in some cases 87. once you click on 86 it will ask for options. Please put the options as applicable for your services to complete the code.

Submit- The Applicant must click on Submit button to generate OTP which will be sent to email id mentioned for registration

The Applicant have to enter OTP received on mobile (linked with Aadhaar) second time. Enter Captcha- The Applicant must enter Captcha before clicking Final Submit button. Certificate shall be received via-email

 

ఉదయం రిజిస్ట్రేషన్ సర్టిఫికేట్ పొందడం వల్ల కలిగే ప్రయోజనాలు  (udyam registration benefits in Telugu)

1.   స్టాంప్ డ్యూటీ మరియు రిజిస్ట్రేషన్ ఫీజుల మాఫీ.

2.   ఓవర్‌డ్రాఫ్ట్‌పై 1% వడ్డీ రేటు మినహాయింపు.

3.   ప్రత్యక్ష పన్ను చట్టాల క్రింద మినహాయింపు.

4.   సులభమైన బ్యాంక్ తనఖాలు మరియు బ్యాంక్ వ్యాపార రుణాలను ఆస్వాదించండి

5.   వడ్డీ రేటు చాలా తక్కువగా ఉన్నందున బ్యాంక్ రుణాలు చౌకగా మారతాయి (సాధారణ రుణాలపై వడ్డీ కంటే 1.5% తక్కువ

6.   ఉదయం కింద రిజిస్టర్ చేయబడిన వ్యాపారానికి ప్రభుత్వ లైసెన్స్ మరియు ధృవీకరణకు అధిక ప్రాధాన్యత ఇవ్వబడినందున వ్యాపార రంగాలతో సంబంధం లేకుండా లైసెన్సులు, ఆమోదాలు మరియు రిజిస్ట్రేషన్లు పొందడం సులభం అవుతుంది.

7.   రిజిస్టర్డ్ ఉదయమ్లకు సుంకం మరియు పన్ను మరియు మూలధన రాయితీలు లభిస్తాయి

8.   వడ్డీ రేటు బ్యాంక్ రుణాలపై సబ్సిడీ

9.   ఆలస్యం చెల్లింపులకు వ్యతిరేకంగా, సరఫరా చేయబడిన పదార్థం / సేవలకు వ్యతిరేకంగా రక్షణ రిజిస్ట్రేషన్లు, లైసెన్సులు మరియు ఆమోదాలు పొందడం సులభం.

10.         పేటెంట్ నమోదు కోసం సబ్సిడీ అందుబాటులో ఉంది

11.         అన్ని బ్యాంకుల నుండి 100% అనుషంగిక ఉచిత రుణాలు పొందవచ్చు

12.         బార్ కోడ్ రిజిస్ట్రేషన్ సబ్సిడీ

13.         విద్యుత్ బిల్లులలో రాయితీ

14.         MSME సర్టిఫైడ్ కంపెనీ బ్రాండింగ్

 


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