{"id":4651,"date":"2021-04-30T09:41:22","date_gmt":"2021-04-30T09:41:22","guid":{"rendered":"https:\/\/swaritadvisors.com\/blog\/?p=4651"},"modified":"2021-04-30T09:42:46","modified_gmt":"2021-04-30T09:42:46","slug":"trademark-for-msme","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/blog\/trademark-for-msme\/","title":{"rendered":"Trademark for MSME: An Asset for Growth"},"content":{"rendered":"\n<p class=\"has-drop-cap\">MSME stands for Micro, Small\nand Medium Enterprise (MSME), was introduced in agreement with the Micro, Small\n&amp; Medium Enterprises Development (MSMED) Act, 2006 by the Government of\nIndia. MSME are entities involved in the manufacturing, production, processing\nor preservation of the goods and commodities.<\/p>\n\n\n\n<p>&nbsp;The Government of India has always supported MSMEs by providing different reliefs and schemes for MSMEs. With the recent <strong>\u201cMake in India<\/strong><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Make_in_India\" class=\"text-primary\"><strong>[1]<\/strong><\/a><\/sup><strong>\u201d<\/strong> it has made trademark the most important intellectual property asset for the MSMEs. Hence, the MSME now stand a chance to mark their existence even more extensively. Therefore, trademark for MSME has proved to be an asset for growth and this blog shall provide more details on the same.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a559e1504012\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a559e1504012\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/blog\/trademark-for-msme\/#Why_is_trademark_important_for_MSME\" title=\"Why is trademark important for MSME?\">Why is trademark important for MSME?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/blog\/trademark-for-msme\/#What_Is_Trademark_for_MSME_Registration\" title=\"What Is Trademark for MSME Registration?\">What Is Trademark for MSME Registration?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/blog\/trademark-for-msme\/#How_can_trademark_for_MSME_be_a_good_asset\" title=\"How can trademark for MSME be a good asset?\">How can trademark for MSME be a good asset?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/blog\/trademark-for-msme\/#Who_should_go_for_trademark_MSME_registration\" title=\"Who should go for trademark MSME registration?\">Who should go for trademark MSME registration?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/blog\/trademark-for-msme\/#Documents_for_Trademark_Registration_of_MSMEs\" title=\"Documents for Trademark Registration of\nMSMEs\">Documents for Trademark Registration of\nMSMEs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/blog\/trademark-for-msme\/#Benefits_of_trademark_for_MSME_Registration\" title=\"Benefits of trademark for\nMSME Registration\">Benefits of trademark for\nMSME Registration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/swaritadvisors.com\/blog\/trademark-for-msme\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_is_trademark_important_for_MSME\"><\/span>Why is trademark important for MSME?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A\ntrademark helps the companies in establishing their brand identity and prevents\nany other company from unlawfully infringing it. Hence, trademark registration\nis an important step for all companies. <\/p>\n\n\n\n<ul><li>Additionally, to encourage the micro, small and\nmedium enterprises and startups, the registration fees of trademark for MSME\nwas significantly reduced. Hence, the registration of trademark for MSME is a cost-\neffective and simple process that can be done online. <\/li><li>Brands have evolved with time and have become\nsubjective now. The logos and names are just a portion of what a complete brand\nis and it serves as a business card. The complex part of a brand consists of\nvarious elements namely image, culture, identity, character, personality,\nreputation and essence. This will make it easy for any MSME\u2019s brand, to make\ntheir products easily identifiable and accordingly provides their business with\na competitive unchallenged advantage in the market.<\/li><li>The main purpose of Trademark for MSME is to\nbasically register a brand name, so now it is possible to stop anyone else from\nusing the similar or same brand name as the registered trademark is the legal\nright and certificate to stop everyone from using.<\/li><li>Trademark for MSME acts as a defense mechanism\nfor protecting the MSME brand in losing its reputation and also to retain a healthy\nand trustworthy relation with the existing customers.<\/li><li>A trademark for MSME creates a brand that has\nthe possibility to increase the value of the business as an intangible asset\nand to use as guarantee for obtaining finance from any financial legitimate institutions.<\/li><li>Trademark for MSME protects the brand by putting\nan emotion that the customers feel with a brand. But it is important to get the\ntrademark registered to protect the brand. <\/li><li>The MSMEs must remember that trademark for MSME\nwill protect their customers and clients from using a duplicate of the products\nor services, and in such a situation it becomes important that customer\noriented MSMEs, empower the customers to identify the duplicate in the market.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Is_Trademark_for_MSME_Registration\"><\/span>What Is Trademark for MSME Registration?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A trademark is any\nbrand name, logo, symbol, or logo that helps the consumers in identifying their\nproducts and services. Trademark helps in distinguishing the products from of competitors\nin the market. It can include anything from a single word, phrase, number or\ncolour combination that helps in setting the business apart. <\/p>\n\n\n\n<p>Therefore, trademarks play an important part in creating an image or a brand identity for the company. <a href=\"https:\/\/swaritadvisors.com\/trademark-registration\" class=\"text-primary\"><strong>Registration of Trademark<\/strong><\/a> is the legal process by which the companies secure their exclusive ownership right on the name, logo or mark used for business purpose. Hence,&nbsp;MSME trademark&nbsp;registration is the process in which the MSME companies can register and secure by giving legal protection to their brand name, symbol or logo in India.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_can_trademark_for_MSME_be_a_good_asset\"><\/span>How can trademark for MSME be a good asset?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Trademark for\nMSME acts as a trade-able asset and like any other asset of the MSME,\nthe trademark can be <\/p>\n\n\n\n<ul><li>sold,<\/li><li>licensed or<\/li><li>purchased <\/li><\/ul>\n\n\n\n<p>in accordance with the needs of the MSME. It is also possible for the MSME to sell their complete business while at the same time retain the control of their brand names and logos, i.e. trademarks. The MSME can also license that trademark to several other manufactures in the market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_should_go_for_trademark_MSME_registration\"><\/span>Who should go for trademark MSME registration?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Any business organization\nmay apply which includes Company, Partnership, Company and Sole proprietors\nwhich fall under any one of the following mentioned criteria:<\/p>\n\n\n\n<ul><li>Micro manufacturing enterprises- with investment less than Rs. 25 lakh in plant and machinery,      <\/li><\/ul>\n\n\n\n<p>While micro service enterprises with less than Rs. 10 lakh\ninvested in equipment.<\/p>\n\n\n\n<ul><li>Small manufacturing enterprises &#8211; with \u00a0Rs. 25 lakh to Rs. 5 crore invested in plant and machinery, <\/li><\/ul>\n\n\n\n<p>While small service enterprises anywhere between Rs. 10 lakh\nand Rs. 2 crore invested in equipment.<\/p>\n\n\n\n<ul><li>Medium manufacturing enterprises- with Rs. 5 crore to Rs. 10 crore invested in plant and machinery, <\/li><\/ul>\n\n\n\n<p>While small service enterprises anywhere between Rs. 2 crore\nand Rs. 5 crore invested in equipment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_for_Trademark_Registration_of_MSMEs\"><\/span>Documents for Trademark Registration of\nMSMEs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol><li>Complete contact details, Address\nproof and the ID proof of the applicant<\/li><li>Certificate of incorporation in\ncase of Company or partnership deed<\/li><li>Address proof of the company<\/li><li>The Copy of the trademark or\nlogo<\/li><li>Udyog registration certificate<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefits_of_trademark_for_MSME_Registration\"><\/span>Benefits of trademark for\nMSME Registration<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are several benefits for registering under MSME and further getting the trademark registration for the same secures the business for long run. Few of the benefits are given below: <\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" loading=\"lazy\" width=\"511\" height=\"393\" src=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/04\/image-6.png\" alt=\"Benefits of trademark for MSME Registration\" class=\"wp-image-4653\" srcset=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/04\/image-6.png 511w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/04\/image-6-300x231.png 300w\" sizes=\"(max-width: 511px) 100vw, 511px\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Therefore, it is important for the business enterprises planning to register under MSME to get their business registered under trademark and avail the long run benefits under both the trademark and MSME.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/blog\/trademark-owned-by-a-promoter-or-company\/\">Among Trademark owned by a Promoter or Company, Which One is Better?<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MSME stands for Micro, Small and Medium Enterprise (MSME), was introduced in agreement with the Micro, Small &amp; Medium Enterprises Development (MSMED) Act, 2006 by the Government of India. MSME are entities involved in the manufacturing, production, processing or preservation of the goods and commodities. &nbsp;The Government of India has always supported MSMEs by providing [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":4659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[72],"tags":[617],"acf":[],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/4651"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/comments?post=4651"}],"version-history":[{"count":20,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/4651\/revisions"}],"predecessor-version":[{"id":4673,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/4651\/revisions\/4673"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media\/4659"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media?parent=4651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/categories?post=4651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/tags?post=4651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}