MSME Registration
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Ministry of Micro, Small & Medium Enterprises or Udyog Aadhaar
Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last six decades. MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural & backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. MSMEs are complementary to large industries as ancillary units and this sector contributes enormously to the socio-economic development of the country. Ministry of Micro, Small & Medium Enterprises (M/o MSME) envision a vibrant MSME sector by promoting growth and development of the MSME Sector, including Khadi, Village and Coir Industries, in cooperation with concerned Ministries/Departments, State Governments and other Stakeholders, by providing support to existing enterprises and encouraging creation of new enterprises
MSME registration or Udyog Aadhaar can be obtained by any type of business entity. Proprietorships, Hindu Undivided Family, Partnership Firm, One Person Company, Limited Liability Partnership, Private Limited Company, Limited Company, Producer Company, any association of persons, co-operative societies or any other undertaking can obtain MSME registration in India. Small businesses having MSME registration enjoy various benefits under the Micro, Small and Medium Enterprises Development Act, 2006. Hence, it is recommended that all small businesses obtain MSME registration or Udyog Aadhaar after starting up.
Benefits of MSME Registration
The following are the major benefits given to registered MSMEs under the Micro, Small & Medium Enterprises Development (MSMED) Act:You can get collateral-free loans from banks under the credit guarantee fund scheme for micro and small enterprises (CGS)
Some items have been earmarked to be manufactured only by small scale enterprises
Once you get the MSME certificate for your microenterprise, it gets much easier to get licenses, registrations, and approvals for the same. Being able to show your MSME certificate while making these applications will speed up the process
You get special consideration for participating in international trade fairs, exhibitions, and buyer-seller meets. You can also hold international seminars and conferences which are in the interest of MSME sector
When you have MSME registration, you get many things done at a subsidised price: barcode registration, NSIC performance and credit ratings, industrial promotion subsidy (IPS) subsidy, ISO certification, electricity bill, and patent registration
The interest rate charged by banks for MSME registered enterprises is lower than the normal interest rate
To promote technological growth among the micro industries CLCSS scheme was introduced that provides 15% capital subsidy up to 15 lakhs for the purchase of plant and machinery
While applying for a government tender, the ministry of micro, small and medium enterprises gives the following benefits to a microenterprise:
Tender sets can be issued free of cost
They are exempted from paying earnest money
Security deposit is waived up to a certain monetary limit.
There are many other benefits under the Act and benefits are introduced through annual budgets as well.
The following are the major benefits given to registered MSMEs under the Micro, Small & Medium Enterprises Development (MSMED) Act:
Documents Required for udyam (SSI / MSME) Certificate
Applicant’s Aadhaar card
Applicant’s PAN
Company PAN (not applicable in case of a proprietorship firm)
Registration Pricing
Our Registration Process
Complete our simple form
Submit Documents
Verification of Documents
Preparation of file process
Generated
The Firm compiles a work plan to meet the client goals ensuring a smooth acquisition.
