Karma Global is an MSME Registered Organization with valid registration and registered under the category “ small enterprise “ as per the Micro, Small, and Medium Enterprises Development Act, of 2006
Karma Management Global Consulting Solutions Pvt Ltd. is proud to inform you that its MSME Registration is today 8.1/2 years old although the organization was incorporated in April 2004 with its consultancy firm having been established much earlier, in the year 1979.
Karma Global has been offering services to over 350 clients both in India and abroad, like Shop & Factory compliances, statutory compliances, audit compliances, environment, and pollution audits, Liaisoning with authorities, payroll processing, temp staffing, recruitment and onboarding, contingent workforce management and many more.
In a developing country like India, MSME industries, of which Karma is one of them, are the backbone of the economy. When these industries grow, the economy of the country grows as a whole and flourishes across various spectrums.
The category, eligibility, and requirements for MSME registration are as follows :
- Micro enterprises – The investment doesn’t exceed Rs 25 lakh.
- Small enterprises – The investment is more than Rs 25 lakh but doesn’t exceed Rs 5 crore.
- Medium enterprises – The investment is more than Rs 5 crore and doesn’t exceed Rs 10 crore.
As per the notification of MSME dated 26.06. 2020, Udyam Registration is the new process of MSME/UDYOG AADHAAR Registration launched by the Ministry of Micro, Small, and Medium Enterprises effective from July 1, 2020.
Only an Adhaar Number will be enough for registration. … Having a PAN & GST number is mandatory.
As per the information available in the SAMADHAN portal, as of 03.02.2022, the total outstanding payments to the Micro and Small Sector since 01.04.2020 is Rs 11,741.21 crore.
The Ministry of MSME has notified the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006, which provides for the setting up of Micro & Small Enterprises Facilitation Councils (MSEFCs) in the States/UTs to deal with cases of delayed payments of the Micro and Small Enterprises (MSEs).
Ministry has also launched a web portal called ‘SAMADHAAN’ on 30.10.2017 for monitoring the outstanding dues to the MSEs from the buyers of goods and services.
Karma Global is an MSME Registered Organization – SAMADHAAN portal Launch
In addition to this, a special sub-portal within the SAMADHAAN portal was also launched on 14.06.2020 for monitoring the dues and monthly payments by Ministries/Departments of the Government of India and CPSEs to the MSMEs.
The Ministry of MSME also takes up the issues of delayed payments to MSEs with States/Union Territories from time to time.
The Government of India has announced a series of measures under Aatma Nirbhar Bharat to support the economy, especially the MSME sector.
This inter-alia includes
(i) Rs. 20,000 crore Subordinate Debt for stressed MSMEs;
(ii) Rs. 50,000 crore equity infusion through MSME Fund of Funds (SRI Fund);
(iii) 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for Businesses, including MSMEs (which has subsequently been increased to Rs. 5 lakh crore);
(iv) New Definition of MSME
(v) No Global tenders for Government procurements up to Rs. 200 crores.
Ministry of MSME implements Credit Guarantee Scheme for Micro and Small Enterprises under which new and existing Micro and Small Enterprises engaged in manufacturing or service activity can avail of collateral-free loans up to an amount of Rs. 200 lakh from Banks and Member Lending Institutions.
This information was given by Union Minister for Micro, Small, and Medium Enterprises, Shri Narayan Rane in a written reply in Rajya Sabha today.
Please do approach us for support and guidance and talk to our Marketing & Sales Unit on our board line number (022) 42 44 44 44. We are located at Santacruz East, Mumbai, and are accessible both from central and western lines.