Table of contents —

• Why MSME registration is important
• Process of MSMEs registration step by step
• What is Udyog Aadhar
• Process of Udyog Aadhar Registration
• How Ecommerce is helping MSMEs to grow business online
• How MSME are important and how they help with the Indian economy
• Local to global

MSMEs: Importance and Process of Registration (Step-by-Step)

 

MSME registration was introduced by the government of India to initially help all the micro-small-medium enterprises also known as MSMEs bearing the agreement with MEMED (micro small medium enterprises development) act 2006.

To register in MSMEs scheme, you have to visit  the government’s official site, and fill up the Udyog registration form, all the options are given in the form and all the business related information have to be filled by the applicant. To make this easy, you can go through the link to the official site of Udyog registration form (click here).

MSME registration is very important as it helps to obtain government tenders easily. The Udyog registration portal is connected to the state e-market and many other state government portals that provide easy access to markets and solutions for Ecommerce business.

Some of the benefits of MSME registration —

• Bank loan (collateral free)
• Subsidy on patent registration
• Overdraft interest rate exemption
• Industrial promotion subsidy eligibility
• Fewer electricity bills etc.

MSMEs registration is important for all small, medium business owners, as it gives more than 29% of the contribution to GDP and is responsible for 50% of the country’s total export. MSMEs are becoming very essential for the Indian economy, we can say it is the backbone of the Indian economy.

It predominantly works for the well being and growth of people from undeveloped and rural areas. MSMEs employ more than 11 core people, which is a great achievement keeping in mind that the Indian employment system is not up-to the mark, though it aims to raise up-to 15 crore employment opportunities in the next coming years.

Moreover, MSME creates a large amount of job possibilities and the Government has opened the doors of loan schemes for business owners and entrepreneurs. This type of loan provides working capital that can be used for a variety of purposes, including: buy new inventory, buy new equipment, pay employees, or help grow your business.

There are several lenders in India that offer MSME loans where interest rates also vary from bank to bank. To know the loan interest rates, kindly go through this link.

Udyog Aadhar: Procedure for Registration

 

Udyog Aadhar is a government process of registration of companies to acquire the certification. Udyog Aadhar registration provides a unique number called as Udyog Aadhar number. This initiative is carried out with an eye on the growth of small and medium enterprises. The main aim of Udyog Aadhar is to give topmost satisfaction and give access to all the business which falls under the schemes of the government.

Process of Udyog Aadhaar registration is a single page registration form, under which as an MSME online registration. As mentioned above, you can scroll up  and learn all the information which is needed for MSME registration online.

How Ecommerce is helping MSMEs to Grow business Online

 

There are a number of emerging E-commerce companies which allow small business owners or individuals to launch E-business (allow to sell via Ecommerce website or Ecommerce store) to help them sell online. These E-commerce platforms let users build an online store equipped with amazing features and business tools which help the owners to grow business.

The E-commerce companies such as Shopify, QPe and Wix are few names in the industry bringing best E-business solutions under their sleeves. You can get started with free-trials provided by the above mentioned platforms. That being said, while you will get a 7 to 14 days trial with Shopify, Wix or other Ecommerce platform, the emerging platform QPe is taking the game one step ahead with their lifetime free trial to launch a fully-customizable Ecommerce store.

When you sign-up for an online store using these platforms, you will get various types of themes and in-built templates to choose from. You can simply select one of the provided catalogs to showcase your products in a way your customers will love.

In addition to that, you will have the opportunity to use free business tools along with plugin integrations such as Facebook Pixel, Google Analytics, messenger bot, comment automation features etc. However, some of the premium services such as logistic services might be included with paid features, so basically the store owners will have access to free business tools including privacy policy generator, invoice generator, QR code generator, GST calculator etc. with free-trial.

MSMEs or business owners can easily generate more revenue when they opt to bring their business online. Ecommerce companies help them sell products online, promote them over social media platforms as well as grab the customers data to send them discounts and offers on their products on a weekly basis.

Having said that, features like subscriber manager from QPe helps business owners by collecting and storing the data for further use such as SMS marketing and Email marketing, marking it as one of the best E-commerce solution providers for those who want to get connected and grow their customer base.

Additionally, you can share links with one click over social media platforms to generate more word of mouth or more views from the target audience. QPe provides all MSMEs access to launch and customize e-business in simple steps – all you need to do is register with your mobile number, choose a business name that represents your brand and passion and choose a logo for your business, that’s all. Now your store is ready and you can add products to sell them anytime, anywhere.

Ecommerce platforms are literally transforming all MSMEs of India by providing a helping hand to those who were eagerly waiting for the right opportunity to start Ecommerce business or grow their business digitally.

Note: QPe provides the option of both PWA (Progressive Web Application) for desktop use and as well as accessibility to manage your business with mobile too which means you can manage your products inventory on-the-go.

 

How MSMEs are important and how they help with the Indian Economy

 

“MSMEs contribute more than 29% to the GDP and are responsible for 50% of the country’s total exports. They are also accountable for one-third of India’s manufacturing output. MSMEs employ more than 11 crore people, and the aim is to grow this number to 15 crore in the coming years”, according to reports.

45% of Indian enterprises are under MSMEs, if the MSMEs industries go into losses then 45% of labor will be unemployed. And it has given the contribution of nearly 27% of the country’s GDP.

 

Local to Global

 

Lastly, let’s talk about going local to global. MSMEs are a great example of going local to global as they produce and manufacture products on a domestic as well as international level.

In the last couple of years India has grown widely in terms of meeting the needs of services in the E-business world. In annual report 2020-21 MSMEs contribute 8% of GDP, and it also takes part in international exhibitions, trade fairs, buyers sellers meets in foreign countries – and currently India is leading the 2023’s G20 summit – which will increase the value of the Indian market in the world of E-business. QPe immensely supports going local to global concept and helping MSMEs to grow in each & every aspect of going digital or launching businesses online.

Hope this article is helpful for you to understand the Ecommerce business world.