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THINGS TO KNOW BEFORE YOU REGISTER- MSME REGISTRATION

Every Micro, Small, and Medium Enterprise (MSMEs) must enrol for the issuance of Udyam. This enrollment is valid for a lifetime and can only be obtained by units or companies that have already begun operations, not by those that are planning to begin operations.

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introduction

INTRODUCTION

MSME stands for Micro, Small and Medium Enterprises. The enterprises that fall under any of these three categories are considered under this act. MSMEs are the backbone of any economy and are an engine of economic growth, promoting equitable development for all. They are typically more labour intensive than large corporate and provide tremendous employment potential at a very low capital cost. Therefore, the Government of India has introduced various subsidies, schemes and incentives to support and promote these enterprises through the MSMED Act. Though registration under the Act is not compulsory but, registration is essential if you want to avail the above mentioned benefits. Micro, small and medium sized enterprises in both the manufacturing and service sector can obtain the Registration under the Act.  

Type of EnterpriseNo.Manufacturing Industry (Investment in Plant and Machinery)NoService Industry (Investment in Equipments)
Micro A Does not exceed Rs. 25 Lakh D Does not exceed Rs. 10 Lakh
Small B Exceeds Rs. 25 Lakh but does not exceed Rs. 5 Crore E Exceeds Rs. 10 Lakh but does not exceed Rs. 2 Crore
Medium C Exceeds Rs. 5 Crore but does not exceed Rs. 10 Crore F Exceeds Rs. 2 Crore but does not exceed Rs. 5 Crore
advantage

BENEFITS OF MSME REGISTRATION

Our Packages for MSME Registration

packages

BASIC

All Inclusive Fees

1,399

PRO

All Inclusive Fees

1,999

PREMIUM

All Inclusive Fees

6,999

FAQ

Most frequent questions and answers
faq

No document required for MSME Registration / SSI Registration. Only information provided in Online Application Form is enough.

Any entrepreneur having valid Aadhar Number can apply for MSME Registration Online

In the interest of environment no physical copy of MSME Certificate will be issued.

Government believes in paperless work.

There is no difference between MSME Registration and SSI Registration. Earlier MSME Registration was known as SSI Registration.

 

With a view to facilitating credit flow to the MSME sector and enhancing the comfort-level of the lending institutions, the credit rating of MSME units done by reputed credit rating agencies and it should be encouraged. Banks are advised to consider these ratings as per availability. They structure their interest rates depending on these credit ratings assigned to the borrowing SME units.

Credit rating is not mandatory but it is in the interest of the MSE borrowers to get their credit rating done as it would help in credit pricing that is cost of funds (interest and other charges etc.) of the loans.

 

As per extant policy, certain targets have been prescribed for banks for lending to the Micro and Small enterprise (MSE) sector. In terms of the recommendations of the Prime

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