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To complete these objectives, the SMEDAN MSME Registration Program was set up. The motivation behind this program is to register an information base of all MSMEs inactivity inside the country.
Being a piece of this enlistment cycle is of extraordinary advantage to organizations in the nation. The term business here isn't restricted to a specific area; it involves organizations across all areas.
Who is qualified for SMEDAN enrollment in Nigeria?
Any business that falls under the classification of MSMEs – Micro, Small, and Medium Enterprises is qualified to enlist. To additional illuminate it, MSMEs incorporate any business that utilizes 250 workers or less.
MSMEs comprises of three business categories, which are:
- Micro Enterprise: Micro-enterprises employ a minimum of 1 employee and a maximum of 9 employees.
- Small Enterprise: Employs a minimum of 10 employees and a maximum of 49 employees.
- Medium Enterprise: Employs a minimum of 50 employees and a maximum of 2450
If your business falls into any of these sectors, you will be very much eligible to register your business. Now let’s look at the benefits of SMEDAN registration.
- Admittance to Business Insurance
- Mentoring
- SMEDAN Unique Identification Number and Digital Certificate
- Access to Financial Services,
- Selection Criteria for Conditional Grant.
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