How it works ?
Complete this purchase process our executive wil contact you with all details i.e documents required, time line , price etc
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The MSME (Micro, Small, and Medium Enterprises) registration in India refers to the process of registering a business under the Ministry of MSME to gain benefits such as subsidies, tax exemptions, and easier access to credit. MSME registration is now done under the Udyam Registration portal, which has replaced the earlier Udyog Aadhaar system.
Here’s a step-by-step guide to MSME registration:
Step 1: Check Eligibility
Your business must qualify as a Micro, Small, or Medium enterprise based on investment in plant/machinery/equipment and turnover.
Classification Criteria (as per the updated definition in 2020):
Enterprise Category | Investment (in ₹) | Turnover (in ₹) |
---|---|---|
Micro | ≤ ₹1 crore | ≤ ₹5 crore |
Small | ≤ ₹10 crore | ≤ ₹50 crore |
Medium | ≤ ₹50 crore | ≤ ₹250 crore |
Step 2: Gather Required Documents
- Aadhaar Card of the proprietor/partner/director.
- PAN Card of the business and individual.
- Business Details (name, type, activities, and address).
- Bank Account Details (IFSC code and account number).
- GSTIN (if applicable).
Step 3: Register on Udyam Portal
- Visit the Udyam Registration Portal.
- Select:
- For New Entrepreneurs not registered as MSME if you are registering for the first time.
- For Entrepreneurs already having registration as UAM if you're updating/transitioning your Udyog Aadhaar Memorandum.
- Use your Aadhaar number for authentication. OTP verification will be required.
Step 4: Provide Business Information
- Enter business details, industry type, NIC code (National Industry Classification), and number of employees.
- Include the investment and turnover figures accurately.
Step 5: Generate Udyam Registration Number
After submission, your business will receive a unique Udyam Registration Number and certificate electronically.
Benefits of MSME Registration
- Access to priority lending and collateral-free loans.
- Subsidies on patent registration and trademark registration.
- Lower interest rates on loans.
- Concession on electricity and utility bills.
- Protection against delayed payments under the MSME Act.