MSME (Udyam Aadhaar) Registration
MSME (Udyam Aadhaar) Registration
MSME/SSI Registration is mandatory for small business entities. It will help them in availing subsidies, incentives, concessional rate loans and other benefits offered by the government.
Package Inclusions:-
- On phone discussion about a registration
- Application fill
- Turnaround time 2 Working days.
MSME/SSI Registration is mandatory for small business entities. It will help them in availing subsidies, incentives, concessional rate loans and other benefits offered by the government.
Package Inclusions:-
- On phone discussion about a registration
- Application fill
- Turnaround time 2 Working days.
MSME Registration - An Overview
- Service Enterprise: This Industry is mainly engaged in providing services to other industries.
- Manufacturing Enterprise: This Industry is engaged in manufacturing activities.
What is a Micro Small and Medium Enterprise?
As per the MSMED Act, 2006, MSMEs and SSIs were enacted to strengthen and boost the Small-Scale sector in India. Earlier, both Service and Manufacturing were considered distinct and separate from each other, having different amount prescribed for the Investment Required. However, as per the latest amendment made in the definition of MSME by the Ministry of Finance, the difference between the manufacturing and service sectors has been eliminated, Investment Limits have been Revised, and a Turnover Criteria has been introduced. This amendment was announced by our Finance Minister, Mrs. Nirmala Sitharaman, on 13 May 2020. The following listed are considered as MSMEs under the MSMED Act, 2006:Micro-Enterprise:
Type of Industries
Manufacturing and Service Sector
Type of Investment
In Plant and Machinery
Investment Amount
Less than Rs 1 Crore
Turnover Amount
Less than Rs 5 Crore
Small-Enterprises:
Type of Industries
Manufacturing and Service Sector
Type of Investment
In Plant and Machinery
Investment Amount
Rs 1 Crore to Rs 10 Crore
Turnover Amount
Rs 5 Crore to Rs 50 Crore
Medium Enterprises:
Type of Industries
Manufacturing and Service Sector
Type of Investment
In Plant and Machinery
Investment Amount
Rs 10 Crore to Rs 20 Crore
Turnover Amount
Rs 50 Crore to Rs 100 Crore
Documents Required
Applicant's Document
- PAN Card Details of the proprietor/ all the directors/ all the partners.
- Aadhar Card Details of the proprietor/all the directors/all the partners.
- Copy of Purchase Bill of every raw material purchased.
- Copy of Sale Bill for each end product.
- A Copy of Partnership Deed in the case of a Partnership Firm.
- Copy of Memorandum of Association (MOA) and Articles of Association (AOA) and Certificate of Incorporation (COI) in the case of Private Limited Company together with the Board's Resolution passes authorizing the director to sign the application.
Registered Office Document
- Proof of ownership of the place being used as a Registered Office such as the Allotment Letter/Lease Agreement/Possession Letter/Property Tax Receipt.
- If in case the place being used is a rented premise, then the Rent Agreement with the No-Objection Certificate (NOC) from the landlord together with the utility bill.
- An affidavit on Rs. 10/-Non-Judicial Stamp Paper duly attested by the Notary Officer declaring the Power Requirement and the Status of the Machinery Installed etc.
- Bills relating to Purchasing and Installation of plant and machinery.
- Copy of the Industrial License as acquired under the Industrial Development and Regulation Act, 1951.
PROCESS
The steps involved in the process of obtaining MSME Registration are mentioned below:
- Fill the MSME Form: In the first and foremost step, the applicant is required to fill the application form with all the required details. After that, the applicant is required to submit the form to the concerned MSME department. This step can be commenced either offline or online.
- Prepare all the required Documents: Now, in the next step, the applicant is required to prepare all the documents needed for obtaining MSME Registration. Such documents should be according to MSME Registration application Form. Usually, this process takes about two to three working days to reach the next step.
- Filing the MSME Application: In the third step, the applicant is required to upload all the needed documents and submit the application to the MSME Registrar. Then the regulatory authorities will process and verify the authenticity and genuineness of all the documents in the next two working days.
- Approval of Application and the Issuance of Certificate: After the successful verification of all the documents submitted, the regulatory authorities will issue the Certificate of Incorporation to the company. Hence, the said company will be considered as registered under the MSME.
Benefits of MSME Registration
Any company which holds an MSME Registration is able to obtain loans from banks at a comparatively cheaper rate, approximately 1- 1.5 percent. This is much lower than the normal bank rates.
Various Tax Rebates and Exemptions are provided to MSMEs.
There are various tenders available only for the industries having registration in MSME Act.
MSME receives easy credit facility from various Financial Entities.
Companies or the industries holding an MSME Certificate have better growth opportunities as they get direct entry in major national and international trade fairs and also have better occasions to present themselves to the world.
Why BizOkay India?
Frequently Asked Questions
The term “MSME” stands for Micro, Small, and Medium Enterprises. It is defined under the MSMED Act, 2006 based on the investment made in plant and machinery and equipment.
No, the MSME sector deals only with the Manufacturing and Service Industries. That means the Trading companies are not included under the domain of MSME. Moreover, the MSME sector supports start-ups by providing them subsidies and benefits, but trading companies are just similar to intermediaries, i.e., a link between the customer and manufacturer. Therefore, they are not covered under the scheme.
Yes, it is mandatory to have an Aadhar Card to obtain MSME Registration in India.