What is Copyright?
The government of India provides an MSME registration to the industries classified by the government as Micro, Small and Medium Enterprises (MSME) in India. The MSME registration helps MSMEs to obtain various benefits provided by the government for their establishment and growth.
Is MSME registration same as Udyog aadhar Registration?
MSME and Udyog Aadhar are synonymous terms. The application process for both can be conveniently completed online, and the certificate can be obtained within a span of 24 hours.
What are the documents required for getting a Udyog Aadhar or MSME registration?
- The proprietor/director/partner's Aadhar card is an essential prerequisite for acquiring the MSME registration.
- In addition to the Aadhar card, we also require the Pan and bank account information of the company for which the udyog aadhar is being sought.
How much time does it take to generate the udyog aadhar?
The Udyog Aadhar can be obtained within 24 hours.
What is the registration process for MSME?
- The application form consists of a single page and is accessible on www.msme.gov.in.
- The necessary documents for registration include Personal Aadhar number, Industry name, Address, bank account details, and other basic information.
- Applicants have the option to submit self-certified certificates.
- No registration fees are applicable for this procedure.
- Upon completion and submission of the details, you will receive a registration number.
What are the documents required for MSME registration?
- Owner's Aadhar card
- Company bank account canceled cheque
- Owner's PAN card
- Business type
- Total staff count
- Machinery investment amount
What are the benefits of registering for MSME?
- MSME registered entities benefit from lower trademark registration fees in contrast to for non-registered entities.
- They also have access to cheaper loans and are eligible for various government tenders exclusively.
- Moreover, they enjoy easier credit access and reduced costs for patents and industry setup due to available rebates and concessions.
- MSME registered businesses receive priority for government licenses and certifications, and there is a One Time Settlement Fee for unpaid amounts.
- Mandatory MSME registration is required to access government subsidies, and women entrepreneurs can avail of additional assistance by obtaining MSME registration.
How do you classify Micro Small or Medium Enterprise as per the new definition of MSME?
| Nature | Micro | Small | Medium |
|---|---|---|---|
| Manufacturing Enterprises | Investment < 1 crore and turnover < 5 crores | Investment < 10 crore and turnover < 50 crores | Investment < 20 crore and turnover < 100 crores |
| Service Enterprises | same as above | same as above | same as above |
Frequently asked Questions
MSME registration is available to any proprietorship, partnership business, corporation, trust or society with an investment of less than Rs.50 crore and annual revenue of less than Rs.250 crore.
It is not mandatory for MSMEs to obtain this registration.
Registering a startup as an MSME in India is not only possible but can also be advantageous.
MSME registration process is fully online, paperless and based on self-declaration.
It generally takes 2-3 days for the overall approval and registration process to complete.
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