MSME Registration
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MSME / SSI / Udyog Aadhar Registration (Ministry of Micro, Small & Medium Enterprises)
Government of India enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006. It became operational on October 02, 2006. It was established to promote, facilitate and develop the competitiveness of the micro, small and medium enterprises. For deciding the applicability of the MSMED Act, the government has prescribed specific turnovers and investment limits to reckon whether an enterprise falls under the micro, small or medium category.
Starting At: Rs. 1000/- (All inclusive price)*
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What is Udyog Aadhaar Number..?
Once you get MSME registration, you will receive a Certificate of the MSME registration wherein a 12 digit unique number is mentioned. Once you get this 12 digit Udyog Aadhar Number for your Micro, Small or Medium Scale Industry, you have MSME registration in your hands.
What are the benefits of getting MSME Registration.
The MSME Act was established to promote, facilitate and develop the competitiveness of the micro, small and medium enterprises. All new industrial units having MSME Registration and expansions are exempted from payment of Stamp Duty and Registration fees and Direct Tax Exemption in the initial year of business.
What are Micro, Small and Medium Enterprise:
MSME’s are classified into 2 categories:
1. Manufacturing Enterprise
The enterprises engaged in the manufacture or production of goods pertaining to any industry specified in the first schedule to the industries (Development and regulation) Act, 1951) or employing plant and machinery in the process of value addition to the final product having a distinct name or character or use. The Manufacturing Enterprise are defined in terms of investment in Plant & Machinery.
| Enterprises | Investment in plant & machinery |
|---|---|
| Micro Enterprises | Does not exceed twenty five lakh rupees |
| Small Enterprises | More than twenty five lakh rupees but does not exceed five crore rupees |
| Medium Enterprises | More than five crore rupees but does not exceed ten crore rupees |
2. Service Enterprise
The enterprises engaged in providing or rendering of services and are defined in terms of investment in equipment. The limit for investment in plant and machinery / equipment for manufacturing / service enterprises, as notified, vide S.O. 1642(E) dtd. 29-09-2006 are as under
| Enterprises | Investment in plant & machinery |
|---|---|
| Micro Enterprises | Does not exceed ten lakh rupees: |
| Small Enterprises | More than ten lakh rupees but does not exceed two crore rupees |
| Medium Enterprises | More than two crore rupees but does not exceed five crore rupees |
Document Required for the MSME Registration:
- Aadhaar number (Applicant)
- Name of Entrepreneur as per Aadhaar card
- Social category (General, OBC, SC/ST)
- Gender
- Name of Enterprise
- Type of Organization (Proprietorship, Partnership Firm, Private Limited Company, Public Limited Company, Limited Liability Partnership, Cooperative Society, Hindu Undivided Family, Self-Help Group, Society or Trust)
- PAN Card
- Location/Address of Plant
- Country, State, District, City, Tehsil, PIN Code
- Office Address
- Mobile Number, Email ID
- Date of Commencement of Business
- Bank account number and IFSC code
- Business Activity of Enterprise
- NIC 2 Digit Code – choose primary activity
- Additional detail of enterprise
- Number of Employees
- Investment Amount in Plant and Machinery
Benefits of MSME Registration.
- 50% Subsidy on Intellectual property rights Registration
- Collateral Free Loans
- Exemption of interest on Overdraft
- Protection against delayed payments
- Bank Account opening