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MSME Registration

MSME Registration Details

Last Updated 28th Jul 2021

  • MSME stands for Micro, Small and Medium Enterprises, and it is the key contributor to the economy.
  • There are two ways for MSME registration online and offline.
Particulars Details
Registration Portal Ministry of Micro, Small and Medium Enterprises. https://msme.gov.in/online-application
Investment Criteria Below ₹ 50 Cr (Maximum limit)
Annual Turnover Criteria Below ₹ 250 Cr (Maximum limit)
Registration Fee ₹ 1,999
Certificate One Certificate for one enterprise
Benefits of Registration Take advantage of various government schemes initiated for the growth of MSMEs.
Apply for Business Loan @ 14.00%*

What is the MSME Sector?

MSME definition is Micro, Small and Medium Enterprise, which was introduced in agreement with the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 by the Government of India. MSMEs are critical contributors to the country's socio-economic development. The role of msme in indian economy is important, as the MSMEs are key contributors to the socio-economic development of the country. The initiative of MSME started functioning in 2006 to create a competitive environment and encourage small businesses to ensure speedy development and boost the economy.

The MSMEs are categorized into manufacturing sectors and service sectors.The sectors are classified as per the investment, annual turnover and investment. Below is the reset classification of the micro, small and medium enterprises.

Criteria Micro Enterprises Small Enterprises Medium Enterprises
Investment Less than ₹ 1 Cr Less than ₹ 10 Cr Less than ₹ 50 Cr
Annual turnover Less than ₹ 5 Cr Less than ₹ 50 Cr Less than ₹ 250 Cr

Earlier, the manufacturing sectors and service sectors were allotted different investment limits. The maximum limit of investment was higher for manufacturing sectors than service sectors. However, the previous differences have been removed in the new classification as mentioned above.

Registration Process For MSME

MSME registration can be done online as well as offline. Following is the process of MSME registration

Online

  • Log in to the website of the MSME online application https://msme.gov.in/online-application.
  • Enter the details like Aadhar details, PAN details, social category and gender, MSME number, investment amount etc.
  • Gather the documents required for the registration.
  • Submit the application process.
  • Now, the verification will be done which can take up to 2 working days.
  • Once the application is approved registration will be done.
  • MSME registration certificate will be delivered to your doorstep.

Offline

  • Log in to the website of the MSME and download and print out the application form.
  • Fill in the required details like Aadhar details, PAN details, social category and gender, MSME number, investment amount etc.
  • Upload the documents on the website.
  • Submit the application process.
  • Now, the verification will be done which can take up to 2 working days.
  • Once the application is approved registration will be done.
  • MSME registration certificate will be delivered to your doorstep.

Applicants will be asked to pay an MSME registration fee of Rs 1,999. Payment can be made online.

MSME Registration Benefits

There are various benefits of the MSME registration online or offline:-

  • Businesses who have got the registration done they can get a loan at a lower interest rate.
  • You can get business loans at a lower interest rate if you got your business registered under MSME.
  • You can avail tax benefits under MSME Act.
  • MAT or minimum alternate tax can be extended to 15 years from the regular 10 years.
  • MSME registered enterprises get preference for government-issued licenses and certificates.
  • You can enjoy concessions and rebates on the cost of patenting and industry set-up.
  • Many government tenders are given to only MSME registered enterprises.
  • An MSME gets easy access to credit.

Documents Required for MSME Registration

You require the following documents to avail the benefits of MSME Registration:-

  • Aadhar card.
  • Property papers.
  • Rent agreement.
  • Cancelled cheque.
  • Partnership deed (for partnership firms).
  • Memorandum of Association (for companies).
  • Articles of Association (for companies).
  • PAN Card.
  • General, SC, ST or OBC form (if any).
  • Physical ability form (if any).
  • Business address proof: Self-own property: allotment letter, property tax slip, possession letter.In case of Rented property: rent receipts and NOC from the property owner.
  • Company registration proof: Photocopy of sale bill and photocopy of purchase bill (of raw material).
  • License and purchase bills for machinery: Photocopy of an industrial license and bills of purchasing machinery and installations.

MSME Certificate

MSME certificates act as evidence of MSME registration.MSME certificate download is possible through online and offline registration process. The fees will be charged accordingly. Each enterprise will be allotted an individual MSME certificate based on industry and sector type.

How to Download MSME Certificate

For udyam registration certificate download perform the given steps:-

Step 1 : Open the given link: https://udyamregistration.gov.in/UA/PrintAcknowledgement_Pub.aspx .

Step 2 : Enter your 12 digit UAM number or Udyog Aadhar number.

Step 3 : Enter your mobile number as per your Udyog aadhar card .

Step 4 : Click on ‘Download’ .

Latest news about MSME Registration

  • MSME Registration through PAN Card
    As per the notification of the government, MSME no longer requires GSTIN for Udyam Registration. The registration can now be done through the PAN Card or Aadhaar Card. The requirement of GSTIN for Udyam Registration became mandatory on November 26, 2020, and the same, however, impacted the registration process. It was because all enterprises do not require to file GST returns.

FAQs

What is the MSME sector?

MSME sector means Ministry of Micro, Small & Medium Enterprises which is responsible for promotion and growth of the small scale industry. The investment criteria for every sector is different. To enjoy the benefits of MSME registration, firm registration is important.

Is registration compulsory for MSME?

No, registration is not compulsory for MSME. However, the MSME registration comes with many advantages such as cheaper loans, lower production costs and preference for government tenders. Hence, it is advisable.

What is MSME registration certificate?

MSME registration certificate is proof of being registered as an MSME. The certificate is disbursed when an MSME application gets confirmed.

How long is MSME certificate valid?

MSME certificate is valid till the time the enterprise is operational. However, a provisional MSME certificate is valid for 5 years.For more information you can call on MSME customer care number 18001237376.

What is the difference between Udyog aadhaar and MSME?

MSME refers to the Micro, Small and Enterprises and Udyog Aadhar is the 12 digit unique identification number for businesses or MSME units that can be availed by going through the Udyog Aadhar registration process. This 12 numeric Aadhar figure is required for the MSME registration.

Can an individual register for MSME?

No, an individual cannot register for MSME, only enterprises and businesses can. However, a one-person enterprise or company is eligible for the MSME registration. The process and fees of the one-person enterprise will be the same as the regular MSME process and fees.

What is the purpose of MSME?

The purpose of the MSME is to help the micro, small and medium enterprises of India in growing further. These enterprises generate the majority of employment, industries and export in the country. Thus, encouraging the MSME to grow will result in the socio-economic development of the country.

How to check MSME registration by name?

To check MSME registration by name you will have to:-

  • Visit the official MSME registration portal
  • Enter 12 digit UAM number and name
  • Enter Captcha image for verification
  • Click Verify

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