Table of Contents
-
What Are Micro, Small & Medium Enterprises (MSME)?
-
You Might Wonder If MSME Registration Is Mandatory Or Not!
-
How To Register As An MSME?
-
Benefits Of MSME Registration
-
The Registration Process Of MSME
-
Documents Required For MSME Registration
-
List Of Details You Need To Provide For MSME Registration On Its Application Form
-
How Can You Download The MSME Registration Certificate?
-
MSME Schemes Launched By The Government
-
How Do We Assist You With MSME Registration/SSI Registration?
-
FAQs
What Are Micro, Small & Medium Enterprises (MSME)?
In a developing country like India, MSME industries are the backbone of the economy. It is rightly termed as “the engine of growth” for India. The MSME sector contributes to 45% of India’s total industrial employment, 50% of India’s total exports, and 95% of all industrial units of the country, and more than 6000 types of products are manufactured in these industries (As per the Ministry of Micro, Small & Medium Enterprises). When these industries grow, the economy of the country grows as a whole and flourishes. These industries are also known as small-scale industries (SSIs).
You Might Wonder If MSME Registration Is Mandatory Or Not!
Although the government has not yet made MSME registration mandatory, registering will help you reap several benefits, including credit at a low interest rate, incentives on products for exports, excise exemption, statutory aid such as reservations, and interest on payments delayed due to unavoidable circumstances. A government scheme called Udyog Aadhar registration has been helping MSMEs since 2015.
How To Register As An MSME?
You can apply online for MSME registration & verification. Click Here to register as an MSME and fill out the application form.
You can get an MSME certificate with lifetime validity in 2-5 working days. This certificate is for enterprises in both the manufacturing and service sectors. The name you use to register for new or existing businesses is unlimited.
Benefits Of MSME Registration
-
Cheaper Bank Loans: Your bank loans get cheaper as the interest rate is very low at around 1 to 1.5%.
-
Tax Rebates: Various tax rebates are offered to MSMEs.
-
Credit for MAT: You are allowed a credit for minimum alternate tax (MAT) to be carried forward for up to 15 years instead of 10 years.
-
Government Tenders: Many government tenders are only open to MSME Industries.
-
Easy Credit Access: You can get easy access to credit.
-
Reduced Costs: Once you are registered, the cost of getting a patent or setting up the industry reduces as many rebates and concessions are available.
-
Government Licenses: You will be given higher preference for government licenses and certification.
-
One Time Settlement Fee: There is a One Time Settlement Fee for non-paid amounts of MSME.
The Registration Process Of MSME
To register for the small and medium-scale industry, you have to fill out a single form, which you can do online or offline. Click here to get the application.
If you want to register in more than one industry, you can do individual registration.
The documents required for registration are your personal Aadhar number, Industry name, Address, bank account details, and some additional information.
You can provide self-certified certificates.
No registration fees are required for this process.
After the documents are prepared and submitted to the MSME registrar, the experts will verify the submitted documents. This procedure requires 2 working days.
Once your MSME application is approved, your company gets registered and related documents will be sent to you.
Documents Required For MSME Registration
You have to submit documents like business address proof, copies of purchase and sale bill, and licenses from regulatory bodies.
-
Business Address Proof:
-
If self-owned: Allotment letter, possession letter, lease deed, or property tax receipt.
-
If rented: Rent receipt and a no-objection certificate from the landlord. Any utility bill or document evidencing the landlord’s ownership is to be submitted.
List Of Details You Need To Provide For MSME Registration On Its Application Form
-
Aadhaar number
-
Name of Entrepreneur as per Aadhaar card
-
Social category (General, OBC, SC/ST)
-
Gender
-
Physically Handicapped
-
Name of Enterprise
-
Type of Organization (Proprietorship, Partnership Firm, Private Limited Company, Public Limited Company, Limited Liability Partnership, Cooperative Society, Hindu Undivided Family, Self-Help Group, Society, or Trust)
-
PAN Card
-
Location/Address of Plant
-
Country, State, District, City, Tehsil, PIN Code
-
Office Address
-
Mobile Number, Email ID
-
Date of Commencement of Business
-
Bank account number and IFSC code
-
Business Activity of Enterprise
-
NIC 2 Digit Code – choose a primary activity
-
Additional detail of the enterprise
-
Number of Employees
-
Investment Amount in Plant and Machinery
How Can You Download The MSME Registration Certificate?
Click Here to download the registration form.
MSME Schemes Launched By The Government
-
Udyog Aadhaar memorandum: The government gives all individuals a 12-digit Aadhaar card. Registering in this scheme makes it easy to obtain credit, loans, and subsidies from the government. Registration can be done both online and offline.
-
Zero Defect Zero Effect: Goods manufactured for export must adhere to a certain standard. Under this scheme, exported goods are eligible for some rebates and concessions.
-
Quality Management Standards & Technology Tools: Helps MSMEs understand and implement quality standards and new technology.
-
Grievance Monitoring System: This system is beneficial in getting business owners' complaints addressed. Owners can check the status of their complaints.
-
Incubation: This helps innovators implement their new designs, ideas, or products. The government finances 75% to 80% of the project cost
-
Credit Linked Capital Subsidy Scheme: Provides new technology to replace old and obsolete technology. Businesses can directly approach banks for subsidies.
-
Women Entrepreneurship: Provides capital, counseling, training, and delivery techniques to women who want to start their own businesses.
How Do We Assist You With MSME Registration/SSI Registration?
We, as your MSME Registration Consultants in Bangalore, will help your business obtain MSME Registration to avail of the benefits. You can register your MSME or SSI through us in your city.
-
Step 1: Fill our simple form with your basic information. This is required for filing your application with the department.
-
Step 2: We will draft your documentation according to the details provided. It takes 1-2 working days.
-
Step 3: We will file your application and the required documents to the MSME registrar. Before submission, our expert will verify all your documents properly.
-
Step 4: Once the application is approved and your MSME certificate is issued, we will email and courier it to you.
FAQs
What is the MSME registration number?
The MSME registration number, also known as the Udyog Aadhaar Number, is a 12-digit unique identification number provided to India's Micro, Small, and Medium Enterprises (MSMEs). This number is essential for businesses to avail themselves of various benefits and schemes offered by the government for the MSME sector.
What is an MSME certificate?
An MSME certificate is an official document issued to businesses that register under the MSME Act. This certificate confirms that the business is recognized as a micro, small, or medium enterprise and is eligible for various government benefits, subsidies, and schemes aimed at supporting MSMEs.
How do you check MSME registration by name?
To check MSME registration by name:
-
Visit the official Udyog Aadhaar website.
-
Enter your Udyog Aadhaar Number.
-
Provide the mobile number linked with the Aadhaar card.
-
Enter the verification code and click on the "Validate Udyog Aadhaar" button.
-
Alternatively, you can visit the MSME Databank and use the business name to check the registration details, but you will still need to provide the Udyog Aadhaar Number or a registration number.
How to find MSME registration number through PAN number?
To find your MSME registration number using your PAN number:
-
Visit the official Udyog Aadhaar website.
-
Navigate to the "Print Udyog Aadhaar" option
-
Enter your PAN number and the registered mobile number.
-
You will receive an OTP on your registered mobile number. Enter the OTP to verify.
-
Once verified, your Udyog Aadhaar details, including the MSME registration number, will be displayed.
How to find an MSME registration number?
To find out your MSME registration number:
-
Visit the official Udyog Aadhaar website.
-
Go to the "Print Udyog Aadhaar" section.
-
Enter your Aadhaar number and the registered mobile number.
-
Enter the OTP sent to your mobile number to verify your identity.
-
After verification, you will be able to see your Udyog Aadhaar details, including your MSME registration number.