MSME Registration

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    Online MSME Registration In India

    MSME stands for Micro, Small and Medium Enterprises. The MSMEs are key contributors to the socio-economic development of the country. The MSMEs cover almost 95% of commercial units, 50% of exports and 45% of employment. choosing MSME registration isn’t a statutory mandate; however, it’s advisable to get the advantages of the Mirco, Small and Medium Enterprises Act. The initiative of MSME started functioning in 2006 to form a competitive environment and encourage small businesses to make sure speedy development and boost the economy.

    Eligibility for MSME Registration

    The business entities that fall under the following three categories can apply for MSME Registration /Udyam registration online.

    Micro Enterprises: Businesses whose investment in plant and machinery is not more than ₹1 crore and the annual turnover is not more than ₹5 crores.

    Small Enterprises: Entities whose investment in plant and machinery is not more than ₹10 crores and the annual turnover is not more than ₹50 crores.

    Medium Enterprises: Businesses whose investment in plant and machinery is not more than ₹50 crores and the annual turnover is not more than ₹250 crores.

    Our Process for MSME Registration

    -2 Working Hours

    Application Preparation

    We will guide you through the entire process of MSME/UDYOG AADHAR registration. On receipt of the required documents and basic information, your MSME application will be prepared by our team.

    -2 Working Hours

    Application Filing

    Once you approve the draft application, we will file the same (along with the supporting documents) through the online portal of the concerned MSME State Government office. The supporting documents for SSI Registration might vary from State to State.

    -1 Working Day

    Application Processing

    Applications will be examined by the government examiner. We will help resolve queries arising at this stage (if any). When the application is approved, the government will issue the provisional MSME Registration Certificate in case the unit hasn’t been set up. Once the unit is set up, you will receive the permanent MSME certificate.

    Documents Required for MSME Registration

    ID Proof

    Scanned copy of PAN Card of all directors and Aadhar card/ Voter ID/ Passport/ Driving License

    Address Proof

    Latest Bank statement/ Utility bill in the name of director should not be older than two months

    Photo

    Latest passport size photograph of all the directors

    Registered Office

    (NOC), Utility bill,  Rent agreement (if rented)/ Registry Proof or House Tax Receipt (if owned)

    What will you get

    Memorandum

    Udyog Aadhaar Memorandum issued by the MSME authority

    Acknowledgement

    An acknowledgement slip with payment details

    Benefits of MSME Registration

    100% Collateral-Free Automatic Loans

    12 Months Moratorium/Waiver on Loan Repayment.Fully covered under Govt. guarantee. No guarantee fee will be charged. Scheme available till 31st Oct, 2020.

    Rs. 50,000 cr. Equity Funding for MSMEs

    Govt. will provide equity funding/invest in shares of MSMEs with growth potential through Fund of Funds scheme.

    Support for Listing at Stock Exchanges

    Govt. will help to expand MSME size as well as capacity,will encourage MSMEs to get listed on main board of Stock Exchanges.

    Procuring Government tenders

    The Government of India gives special preference in buying from Micro and Small businesses through Govt.tenders.

    1% exemption on interest rate on Bank OD

    Enterprises that have MSME Registration can avail benefit of 1% exemption on interest rate on over draft (OD).

    Concession in Electricity bills

    Enterprises that have MSME Registration Certificate can avail Concession on electricity bill by making application to electricity department

    Protection against the payment from Buyers

    Maximum period for payment for purchases from MSME shall not exceed 45 days, in case of delay, the buyer is liable to pay interest to the SME supplier, at 3 times of the bank rate

    Special 50% discount on Govt. fees 

    Enterprises that have MSME Certificate can avail 50% subsidy for patent & trademark registration.

    Fast resolution of disputes

    Enterprises undergoing a dispute with regard to payments may refer the dispute to the MSME Facilitation Council for conciliation & arbitration