MSME- Registration

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Definition

MSME stands for Micro, Small and Medium Enterprise.MSME registration helps businesses enterprises to take advantage of multiple government subsidies and benefits under MSMED Act.(The Micro, Small And Medium Enterprises Development Act, 2006). To avail all the benefits which are offered under MSME Act, the enterprise should be registered as MSME with the related department. There are various benefits of MSME registration for small businesses like Cheaper bank loans, Easy availability of credit, Tax Benefits, Cheaper Infrastructure, multiple government tenders which are open only to promote small business participation.

cost breakup

Professional Fees 999
GST 180
TOTAL 1179/-

LIST OF DOCUMENTS FOR REGISTRATION

id-proof

PAN Card

Aadhar Card

Aadhar Card

Nature-of-Business

Description of The Nature Of Business

Photo-of-Cancel-cheque

Photo of Cancel cheque

PROCEDURE OF REGISTRATION

PROCEDURE OF REGISTRATION

INCLUSIVE IN OUR SERVICE

  • Document Preparation
  • Filling Application
  • MSME certificate

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FREQUENTLY ASKED QUESTIONS

What is a Micro Enterprise under the MSMED Act?

A Micro Enterprise in the manufacturing sector is an enterprise with less than Rs. 25 lakhs of investment in plant & machinery. A Micro Enterprise in the service sector is an enterprise with less than Rs. 10 lakhs of investment in plant & machinery.

What is a Small Enterprise under the MSMED Act?

A Small Enterprise in the manufacturing sector is an enterprise with more than Rs. 25 lakhs but not exceeding Rs. 5 crores of investment in plant & machinery. A Small Enterprise in the service sector is an enterprise with more than Rs. 10 lakhs but not exceeding Rs. 2 crores of investment in plant &qmp; machinery.

What is a Medium Enterprise under the MSMED Act?

A Medium Enterprise in the manufacturing sector is an enterprise with more than Rs. 5 crores but not exceeding Rs. 10 crores of investment in plant & machinery. A Medium Enterprise in the service sector is an enterprise with more than Rs. 2 crores but not exceeding Rs. 5 crores of investment in plant & machinery.

What are some of the benefits of MSME Registration?

MSME Registration has a range of benefits implemented as subsidies, schemes and incentives. Enterprises registered with the MSMED Act enjoy interest rate concession and their borrowing is classified under Priority Sector Lending. Enterprises registered with the MSME act are also allowed to avail a number of subsidies and schemes floated by the State and Central Government. Some of them include, subsidy for ISO registration, subsidy for obtaining International patents, subsidy for participating in tradeshow, subsidy for implementing barcode on Products, etc.,

is it Mandatory to have Aadhaar Number for an entrepreneur to file Udyog Aadhaar Memorandum?

The Udyog Aadhaar Registration can be done online by individuals themselves in case they have an Aadhaar number. However, in all exceptional cases, including those of not having Aadhaar number, can still file Udyog Aadhaar Memorandum ,in offline mode(i.e. on paper form), with the General Manager(GM) of the concerned District Industries Centre(DIC). The same has also been notified in the gazette dated 18-09-15.

The persons having Aadhaar numbers, by virtue of having provided the demographic as well as biometric details to the state, once and for all, indeed enjoy a greater ease of registration at the UAM portal.

What is the genesis of Udyog Aadhaar?

The ministry for micro, small and medium enterprises had in September’15 notified Udyog Aadhaar, taking a cue from the prime minister’s radio show “Mann Ki Baat”, where he had talked about simplifying procedures to start a business with a single-page registration form.

A large chunk of enterprises in India are simply not registered due to the cumbersome paperwork involved in the process and, therefore, can’t tap the government schemes for them. The KV Kamath panel on financing the MSME sector, that has been the biggest job creator in recent years, had recommended that the registration should be universalized.

The concept of Udyog Aadhaar and ease of registration have thus originated to ensure wider coverage of MSMEs to avail the benefits under various Schemes of Central/ State governments.

The number of employees and amount of investment in the UAM is creating confusion?

The number of employees does not have a bearing on the size or type of the enterprise as per the MSMED Act’2006. A single figure indicating “persons employed’ is being captured in the UAM

Investment in Land, Building etc. are not material for classification of MSMEs. The Act permits classification only on the basis of the Investment on Plant & Machinery.

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