I am SME of India Seminar – 18 June 2020 – MSME definition and Benefits

I am SME of India Seminar – 18 June 2020 – MSME definition and Benefits

I am SME of India Seminar – 18 June 2020 – MSME definition and Benefits

What SMEs need to do to minimise losses in Present Times

Protecting Indian Businesses
From Covid19 After-effects


Integrated Association of Micro Small and Medium Enterprises of India


Submission by – Sangeet Kr Gupta

Corona & Covid-19 is a Reality

Virgin Australia ~ Bankruptcy filed

Air Mauritius ~ Bankruptcy filed

Lockdown !
Directive from the Government



Are you Ready ….?

That is the Preface…..

  • Micro and Small payment within 45 days
  • Bonanza
  • if MSME you have a Privilege
  • Its a Truth
  • A Reality

Lower Rate of Interests…..


  • Interest Subvention Scheme for MSMEs
  • Please refer to the operational guidelines for the captioned scheme contained in circular on ‘Interest Subvention Scheme for MSMEs’ issued vide FIDD.CO.MSME.BC.No.14/06.02.031/2018-19 dated February 21, 2019.
  • 2. In this regard, it has been decided by the Government of India to bring, inter alia, following modifications in the operational guidelines:
  • Submission of statutory auditor certificate by June 30, 2020 and in the meantime, settle claims based on internal / concurrent auditor certificate.
  • Interest Subvention Scheme for MSMEs
  • Acceptance of claims in multiple lots for a given half year by eligible institutions.
  • Requirement of Udyog Aadhar Number (UAN) may be dispensed with for units eligible for GST. Unit not required to obtain GST, may either submit Income Tax Permanent Account Number (PAN) or their loan account must be categorized as MSME by the concerned bank.



  • 2.2 Eligibility for Coverage
  • (i) All MSMEs who meet the following criteria shall be eligible as beneficiaries under the Scheme:
  • a. Valid Udyog Aadhar Number [UAN]
  • b. Valid GSTN Number
  • (ii) Incremental term loan or fresh term loan or incremental or fresh working capital extended during the current FY viz. from 2nd November 2018and next FY would be eligible for coverage.



if Investment in PM = 10, others = 10, WC=10 = Total 30 Crores. and his Loan = 30 cr, 2 percent submension = 60 lakhs a year. That is a big savings, indeed

More interest Subvention = More Profit

Turnover of 50 Crores….Paying interest of 10% on 30 Crores….3 Crores….Profit of 1 cr….
Rises to 1.60 crores…

Big 60% increase in profit….Phayda……

Same company. Earlier definition
it was not a Micro / Small unit

So Benefit to lena hai….….Kya Karein ?

  • Question
  • Want to Grow
  • Want benefits of small also
  • Definition of the Machinery / Equipment ?


  • It is Audited figure
  • It has to have a Base
  • It has to be convincing to the Auditors
  • and to the Government bodies