MSME vs Udyog aadhar Registration

Dear Ujjwal Can you pls guide to take MSME Registration for an exciting pvt ltd company. Udyog Aadhaar is to be taken in any one of Director's name who is the authorized signatory of the company. Pls help .

what is the difference between MSME and NSIC registration.

Difference Between NSIC and MSME on the Point of Definition

NSIC stands for National Small Insdustries Corporation. NSIC is a Public Sector Undertaking established by the Government of India in 1955. NSIC was established to promote and develop micro and small scale industries and enterprises in the country.

MSME stands for Micro Small and Medium Enterprises. MSME acts as an engine that helps in the growth of the economy and promoting equitable developments.

The Functional difference between NSIC and MSME

On the point of Functions, NSIC and MSME differ from each other. The main functions of NSIC are to provide machinery on hire purchase schemes to small scale industries however the functions of MSME are totally different. MSME focuses on providing support in the fields of credit, marketing, technology and infrastructure of MSMEs.

Difference Between NSIC and MSME on the point of Validity of Registration Certificate

So far as the validity of the certificate is concerned, you can find a huge difference between NSIC and MSME.

The NSIC registration certificate granted to Micro and small enterprise under Single Point Registration Scheme is valid for only 2 years but the same is different in the case of MSME. MSME registration certificate is valid for a lifetime.

I hope this helps, if more detailed information is needed you can contact me on connect @ ujlegal.com