Get your business recognised as MSME
What is Micro, small & medium enterprises?
Previously known SSI registered entities are now known and registered as MSME, i.e.; Micro, Small and Medium Enterprises. MSME stands for Micro, Small and Medium enterprises, categorized based on the annual revenue in business. These entities possess MSME registration certificate, registered with MSME Department of the Central Government under MSME Development Act, 2006. The Act was enacted for the promotion and growth of the businesses operating at small or medium scale.
Where all major activities were eligible for registration under MSME earlier, trading and other few activities are now specifically excluded from eligibility. Although the registration is voluntary, businesses prefer to obtain MSME registration online due to numerous benefits declared by the government.
Benefits of SSI/MSME Registration Registration
Subsidised rates of loan
Loan support to Micro, Small and Medium industry is promoted by the government through -distinctly prescribed norms. The registered entity would be able to get their loans passed at a lower rate of interest and with much ease because of the subsidized rates offered to MSME registrants.
Protection against Delayed payment of Buyers
MSME registered businesses enjoy protection against delayed payment of buyers. When the buyers have accepted the goods or services, they are liable to pay on time.
Avail 50% rebate on TM application
Government fees on Trademark Application for entities such as Company, Partnership Firm and LLP are higher compared to individual and proprietorship firms. These entities may claim 50% rebate on the Government fees by submission of MSME registration certificate. Similarly, there is a rebate prescribed in Patent registration also.
Credit Guarantee Scheme
This is also known as Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGTMSE). It is more supportive to small scale industries that provide the credit and income input from various sources to support industries which are under struggle.
Documents required for MSME Registration
Aadhar Card
A Copy of proprietor’s Aadhar card or of director(s) or partner(s) in other cases like Udhyog Aadhar Registration
PAN Card
A Copy of PAN card of the business entity; and of director or partner, if applicable
Who can apply for MSME registration?
Investment < Rs. 1 crore
Turnover < Rs. 5 crore
Investment < Rs. 10 crore
Turnover < Rs. 50 crore
Investment < Rs. 50 crore
Turnover < Rs. 250 crore
Obtain registration in 3 Easy Steps
1. Answer Quick Questions
- Spare less than 10 minutes to fill in our Questionnaires
- Provide basic details & documents required for registration
- Make payment through secured payment gateways
2. Experts are Here to Help!
- Application Preparation and Verification
- Submitting the Application for Ministry of MSME
- MSME registration certificate
3. Your registration is completed
- All it takes is 2 working days*
Process for MSME Registration online
Day 1 - Collection
- Discussion and consultation for the requirement
- Collecting the required documents
Day 2 - Preparation and submission
- Preparation and verification of Application
- Registering the application with ministry of MSME
- Certificate of registration under MSME
Compare different business structures to choose the right entity type
| Parameters | GST Registration | Importer Exporter Code | Professional Tax Registration | Shop & Establishments Registration | MSME Registration |
|---|---|---|---|---|---|
| Applicable To | Businesses exceeding a prescribed threshold for turnover | All importers and exporters | Applicability defers based on State Act | Applicability defers based on State Act | All Micro, Small and Medium Enterprises |
| Registration Criteria | Mandatory | Mandatory | Mandatory | Mandatory | Voluntary |
| Regulatory body | State and Central Government | Central Government | State Government | Municipal Corporation | Central Government |
| Return Filings | Yes | No | Yes | No | No |
| Know More | Know More | Know More | Know More | Get Started |
Explore Letter of Undertaking under GST
Manufacturing and service industry can obtain MSME online registration subject to provided classification. Further, the enterprise can only be registered if the concerned activities are included under the classification provided for the registration purpose.
With notification issued dated 27.06.2017, the ministry has excluded activities of wholesale or retail trading; Fishing and aquaculture; Forestry and logging; and more. Business entities engaged solely into activities falling under such categories cannot make an application for registration.
No, this is a voluntary registration and not compulsory. The entities obtain registration due to benefits and subsidies that are granted by the government in this regards.
Yes, Aadhar card of the applicant is mandatory for udhyog aadhar registration. In case, the applicant is other than a proprietor, Aadhar card of company’s director or LLP’s partner is required.
Yes, the certificate is provided in a soft copy by the Government on the registered email id of the applicant or entity. The certificate is available on Udyog Aadhar portal and can be downloaded with help of applicant’s Aadhar number.
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