MSME Registration

Earlier Udyog Aadhaar is used to be referred to as MSME registration. Presently, this has been merged with the Udyog Aadhaar registration and provided online by the Government.

Udyog Aadhaar Eligibility

Only those entities who are classified as Micro, Small and Medium Enterprises can apply for Udyog Aadhaar Registration. Classification is done as per the table given below:-

Classification Manufacturing Sector Service Sector
Micro Enterprise Upto Rs. 25 lakhs investment in plant & machinery Upto Rs. 10 lakhs investment in equipment
Small Enterprise Upto Rs.5 Crore investment in plant & machinery Upto Rs.2 Crores investment in equipment
Medium Enterprise Upto Rs.10 Crore investment in plant & machinery Upto Rs.5 Crores investment in equipment

Benefits of Obtaining Udyog Aadhaar/ MSME Registration

The applicant will receive financial support for participating in foreign expos to showcase their products.

The applicant will be eligible for government subsidies along with various tax rebate which are being provided to MSME.

Registration would facilitate the hassle-free opening of current bank accounts in the name of the business.

It would also allow businesses to apply for government micro business loans and other such related beneficial schemes also lesser interest rates are charged.

Easier sanction of bank loans at lower interest rates as compared to other Entities.

Higher preferences for government licenses and certification are given.

Cost of setting up industry is considerably reduced because of rebates and concessions available.

Discounts are available in Patent and Trademark registration.

Documents required for MSME Registration

For Proprietor

  • Self Attested PAN card of Owner
  • Self attested Aadhaar No
  • Name of Enterprise
  • Date of Commencement of Business
  • Copy of cancelled cheque
  • Contact No (Through which Aadhaar is liked for the purpose of Aadhaar OTP)
  • E-Mail ID
  • Address of organization along with address Proof Eg:- Any utility Bill which shall not be older than 2 Months.
  • Description of business Activities Conducted
  • Copy of Sale bill and Purchase Bill
  • Copy of Licenses and bills of Machinery Purchased

For Partnership Firm

  • Self Attested PAN card of all the Partners
  • Self attested Aadhaar No of all the Partners
  • Copy of PAN Card of Partnership Firm
  • Copy of cancelled cheque
  • Contact No (Through which Aadhaar is liked for the purpose of Aadhaar OTP)
  • E-Mail ID
  • Address of organization along with address Proof Eg:- Any utility Bill which shall not be older than 2 Months.
  • Description of business Activities Conducted
  • Partnership Deed
  • Copy of Sale bill and Purchase Bill
  • Copy of Licenses and bills of Machinery Purchased

For LLP

  • Self Attested PAN card of all the Designated Partners
  • Self attested Aadhaar No of all the Designated Partners
  • Copy of PAN Card of LLP
  • Copy of cancelled cheque
  • Contact No (Through which Aadhaar is liked for the purpose of Aadhaar OTP)
  • E-Mail ID
  • Address of organization along with address Proof Eg:- Any utility Bill which shall not be older than 2 Months.
  • Description of business Activities Conducted
  • LLP Agreement
  • Certificate of Incorporation of LLP
  • Copy of Sale bill and Purchase Bill
  • Copy of Licenses and bills of Machinery Purchased

For Corporate Enterprise

  • Self Attested PAN card of all the Directors
  • Self attested Aadhaar No of all the Directors
  • Copy of PAN Card of Company
  • Copy of cancelled cheque
  • Contact No (Through which Aadhaar is liked for the purpose of Aadhaar OTP)
  • E-Mail ID
  • Address of organization along with address Proof. Eg:- Any utility Bill which shall not be older than 2 Months.
  • Description of business Activities Conducted along with MOA and AOA of the Company
  • Certificate of Incorporation of Company
  • Copy of Sale bill and Purchase Bill
  • Copy of Licenses and bills of Machinery Purchas

Pricing

Normal

Starting at Rs. 1,999 /- Onwards
  • PAN Application
  • MSME Registration

Standard

Starting at Rs. 8,999 /- Onwards
  • PAN Application
  • MSME Registration
  • Annual Accounting and Bookkeeping
  • Annual ITR Filing

Executive

Starting at Rs. 14,999 /- Onwards
  • PAN Application
  • MSME Registration
  • GST Registration
  • Annual Accounting and Bookkeeping
  • Annual ITR Filing
  • GSTR 3B and GSTR-1 Filing

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Frequently Asked Questions

What is MSME Registration?

MSME registration is a type of registration for Micro, Small and Medium Enterprises under MSMED (Micro, Small and Medium Enterprises Development) Act. This helps small businesses to grow and acquire various benefits from the government.

Is MSME Registration voluntary or mandatory?

MSME registration is totally voluntary. Businessmen and entrepreneurs usually get this done to utilize the advantages offered under it. The registration process is quite easy and simple. You can easily avail it (provided you have a manufacturing plant or a commercial space where you render services), many businesses opt for it over other registrations.

How does MSME Registration helps to get a loan from Bank?

MSMEs are recognised by all the institutions and banks. Special schemes are drafted to recognise them as well. Banks prefer MSMEs instead of normal enterprises to lend loans. The possibility of getting a sanctioned loan is much higher in a case of MSME. Bank loan interest rates will also be lower. There may also be preferential treatment in case of delay in repayment.

What are the Benefits given to MSME by state and central Government?

Many state governments prefer enterprises which are registered under MSMED Act. Subsidy such as on power, taxes, and much more is offered by state governments. In most of the states, sales tax exemption is provided purchase preferences is given on goods produced. The enterprise may also relish excise exemption scheme and exemption from certain direct taxes in the initial years of your business.

What are the RBI guidelines on interest rate for loans disbursed by the commercial banks for Udyog Aadhar?

According to the newly set rules of the financial sector, RBI has deregulated all the matters related to interest loans charge and they are governed by the very own lending rules of the banks.

The loan categories are priced with reference to the bank’s Base Rate under Udyog Aadhar.