MSME stands for Micro, Small and Medium Enterprises. MSME registration is required for each and every micro, small and medium enterprises to get benefits of various incentives provided under the Micro, Small and Medium Enterprises Development Act (MSMED Act).

In this blog, we will briefly discuss about MSME registration. Here we will cover:

• What is MSME registration?
• Who can apply for MSME registration?
• Is it mandatory to obtain MSME registration?
• Benefits of MSME registration
• MSME registration Process
• Documents required for MSME registration

Let's start the journey!

Who can apply for MSME registration? 

Any type of business entity can apply for MSME registration. List of the business entities who are entitled to apply for MSME registration is given below:

• Proprietorships
• Partnership firm
• One person company
• Limited liability partnership
• Private Limited Company
• Producer Company
• Any association of Persons

Is it mandatory to obtain MSME registration?

MSME registration is not mandatory until yet but it is advisable to obtain MSME registration because it provides a lot of benefits in terms of taxation, setting up the business, credit facilities, loans etc.

Benefits of MSME registration

There are numerous benefits of MSME registration and some are discussed below:

• Easy to get a bank loan - Once you obtain the MSME registration, then you can easily get a bank loan.
• Subsidy on Patent registration - Through MSME registration, a business entity and enterpriser can avail 50% subsidy on patent registration.
• Industrial promotion subsidy - Enterprise having MSME registration is eligible for Industrial promotion subsidy.
• Concession in electricity bills - Those who have MSME registration are entitled to get concessional benefit in respect of electricity bills.
• Protection against delay payments - By obtaining the MSME registration, any enterprise can get protection against delay payments. 
• Government Tenders - A MSME registered enterprise can be easily selected for a Government tender.

MSME registration Process

MSME registration can be done through online as well as through offline. The process of MSME registration is given below:

1) Visit the website - To obtain MSME registration, first of all, visit the website as prescribed by the government

2) Filling up Registration Form- After successful login, you have to select the register option and then need to fill up MSME registration form along with various documents like:

• Aadhar card number
• Validation of Aadhar
• Gender ID of the entrepreneur
• Name of the enterprise
• Type of your organization
• f)PAN
• Location of your plant
• Residential address
• Your previous registration details, if any
• Bank details

3) Submission of Form - After fill up the registration form you need to submit same.

4) Issuance of MSME Registration - Upon successful submission of the Registration Form and after proper verification of the Registration Form, the concerned authority will issue MSME registration certificate.

Documents required for MSME registration

List of the documents required for MSME Registration is listed below:

• PAN of the enterprise
• Bank details
• Aadhar card
• Proof of ownership of premises
• Copy of licenses and Bills of Machinery purchased
• 6)Copies of Sale/Purchase bills
• Partnership deed

Conclusion

MSME acts as an engine which helps in the growth of the economy and promoting equitable developments. Enterslice provides world's best service in a matter of MSME registration. If you are planning to apply for MSME registration, then kindly contact the expert team of Enterslice to get best and affordable service.

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MSME registration is one of the critical processes required for every micro, small, and medium businesses and it plays a crucial role in the Indian economy. Moreover, businesses can avail several unexpected benefits from MSME registration, and we will discuss the same in the blog later.

We have covered a few significant aspects of MSME and MSME registration in this blog. Below, you can find the list of the topics covered:

• What are MSME and MSME registration?
• Categorization of MSME
• Key benefits of MSME registration
• MSME registration requirements

Categorization of MSME

MSME is categorized into two different classes in terms of investment. They are as follows:

• Investment in plant and machinery, and
• Investment in equipment.

The limit for investment in plant and machinery or equipment for various enterprises is as follows:

Investment in Plant & Machinery

Micro Enterprises: The investment made isn’t more than Rs. 25 lakhs.

Small Enterprises: The investment is between Rs. 25 lakhs to Rs. 5 crores.

Medium Enterprises: More than five crores but doesn’t go beyond Rs. 20 crores.

Investment in Equipment

Micro Enterprises: Investment doesn’t exceed Rs. 10 lakhs.

Small Enterprises: Investment is more than Rs. 10 lakhs but doesn’t exceed Rs. 2 crores.

Medium Enterprise: The required investment is more than Rs. 2 cores but doesn’t exceed Rs. 5 crores.

Key benefits of MSME registration

There are a plethora of advantages that companies or businesses can avail through MSME registration. A few of them are described below:

• With MSME registration, it’s quite simple to take loans from the government as well as from the banks and that too at a very low interest.
• Company registered with MSME can avail benefits of the tax subsidy.
• There are various Excise Duty Exemption schemes for MSME registered enterprises.
• Benefits of subsidy tariffs.
• Enterprises can have benefits of capital investments subsidy and other support as well.
• Banks offer collateral-free loans to the businesses/companies registered with MSME.
• There are reservation policies for the manufacturing as well as production sector.
• Special consideration for the international trade fairs.
• Companies are eligible for IPS subsidy.
• Reimbursement of ISO certification.

MSME registration requirements

Enterprises intending to register with MSME needs to fulfill certain requirements and must possess the essential documents for the same. Below you can find the following requirements for MSME registration:

• The applicant can be the owner of a sole proprietorship, one person company, limited liability partnership, private limited company, etc.
• PAN card of the proprietor (if a sole proprietorship) and PAN card all directors and members in case of the entity.
• Aadhaar card of all the members, directors, or proprietor.
• Evidence of ownership of premises such as allotment letter or possession letter or lease agreement or property tax receipt.
• If the applicant has rented premises, then he/she must submit the rent agreement and NOC (No-objection Certificate) from the landlord, along with the utility bills.
• A duplicate copy of sale bill for every end product.
• Copy of purchase bill of each raw material purchased.
• In case of Partnership firm, a copy of Partnership Deed is required.
• Copy of MoA and AoA and the certificate of incorporation, in case of a Private limited company, along with the Board’s resolution authorizing the directors to sign the application.
• Scanned copy of Industrial license obtained under Industrial Development and Regulation Act, 1951.
• The purchase bill of installed machinery.
• An affidavit of Rs. 10/-non judicial stamp duly attested by Notary public affixed providing the status of machinery installed, power requirements, etc.
• Bills in terms of purchasing and installation of plant and machinery.
• Current bank account statement.

From the above discussion, it’s clear that MSME registration is a vital process for every micro, small, and medium firms. If you have any queries regarding the MSME / SSI registration process, then you can visit our website Enterslice, where you can get a detailed info on the same.

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MSME stands for micro small and medium enterprise. These enterprises play a crucial role in developing country’s economy. MSME basically supplies the raw material, goods and finished products. It includes the investment made in plant & machinery and equipment.

Classification On The Basis Of Investment

• PLANT AND MACHINERY

Micro Enterprise-When the investment in plant and machinery is less than twenty five lakhs.

Small Enterprise-when the investment in plant and machinery is between twenty five lakhs and five crores.

Medium Enterprise-when the investment in plant and machinery is between five crores and ten crores.

• EQUIPMENT

Micro- When the investment is less than ten lakhs.

Small- When the investment is between ten lakhs and two crores

Medium-when the investment is between two crores and five crores

Schemes under MSME Registration

Government has started lots of schemes and benefits for the promotion of MSME. Even banks have started to help and providing loans to get these enterprises going. But before availing these benefits you need to register yourself.

For registration of MSME, you need an aadhar number and fill the MSME registration form available on the official website of udyog Aadhar Registration at www.udyogaadhar.gov.in and can be verified by aadhar OTP.

These small scale industries and enterprises plays an important role in overall growth of the nation, as they generate the employment and improves the economical growth.

Significance of MSME Registration

MSME registration brings accountability and credibility to the enterprise, when registered with the MSME authorized government body. There are ample of perks and benefits, but for availing these advantages, the MSME registration is mandatory.

Advantages of MSME Registration

The MSME registration is not mandatory, but if you register your enterprise under MSME registration, then you do have the opportunity of gaining some benefits over the non registered small scale industries.

• Lower rate of interest
• Tax Subsidy
• Excise Duty Exemption Scheme
• Subsidy Tariffs
• Capital Investment Subsidy and other support
• Collateral free loans from the banks
• Reservation policies for the manufacturing sector and production sector
• Special consideration for the International trade fairs
• Eligible for IPS subsidy
• Reimbursement of ISO Certification
• Eligibility Criterion for MSME Registration 
• Your organization falls under MSME if it follows the one or multiple criterion listed below.
• If there is no partner, that is you are the only owner of your business or sole proprietor
• If you are a part of Hindu undivided family
• If you work as or have a partnership firm with another party in association
• If you have single person company
• If you have limited liability partnership
• If you own a private limited company
• If you have a production company, which produces materials
• If you work with an association with other person
• If there is any undertaking
• Documents Required for MSME Registration
• One has to submit the following documents for MSME registration in India.
• PAN card of the proprietor/all partners/directors.
• Aadhar card of the proprietor/ all partners/ all directors.
• Ownership proof the premises such as allotment letter, possession letter, lease agreement, property tax receipt.
• If you have taken a space on lease, then you have to present the rent agreement, NOC along with the utility bill.
• You need to submit the sale bill for each end product.
• You have to show the copy of the bill of every raw material purchased.
• If you have a partnership firm, then you have to submit the copy of partnership deed
• Copy of memorandum and articles of association and certificate of incorporation in case of private limited company along with the board’s resolution authorizing the director to sign the application.
• Copy of industrial license as obtained under industrial development and regulation act, 1951.
• An affidavit of Rs.10 /- non judicial stamp paper duly attested by notary public affixed providing the status of machinery installed and power required etc.
• You have to show the bills of every machinery installed.
• Bank Account Statement.
• Source url - https://enterslice1.wordpress.com/2018/11/02/eligibility-requirements-of-online-msme-registration

Registering a start up company as a micro, small or medium scale enterprise under MSMED Act in India automatically conveys a plethora of benefits on the enterprise. The MSME registration is a totally optional process for all relevant enterprises but companies prefer the certification because of the following reasons:-

• Under Credit Guarantee Fund Scheme, micro and small enterprises get bank loan without collaterals;
• Registered businesses are entitled to charge compound interest on delayed payments from buyers
• Banks charge comparatively lower rate of interest from MSME registered companies.

There are many more such advantages that registered companies enjoy. Hence it is sensible to register your business with the Ministry of MSME at the onset itself.

What are the Criteria for MSME registration?

The Ministry clearly specifies the outline defining segregation of enterprises into micro, small and medium scale business entities:-

• Micro industries are ones where the investment in the business is not more than Rs. 25 lakh in the manufacturing sector and not exceeding Rs. 10 lakh for industries in service sector.
• Small industries are the ones whose investment does not go beyond Rs. 5 crore in the manufacturing segment and Rs. 2 crore for companies involved in services.
• Medium scale enterprises are one whose investment does not go beyond Rs. 10 crore for manufacturing companies and Rs. 5 crore for ones involved in service sector.

What is MSME Registration Process?

MSME registration can be done online as well as offline. The offline process involves filing the relevant form and submitting it along with self-attested documents like Personal Aadhar number, Industry name, and bank account details, address proof of the registered office, certificate of incorporation, Partnership Deed, bill copies of machines purchased, sales and purchase bills.

MSME Registration online

Online MSME registration can be done from the government website. The registration form requires the applicants to fill in details like Aadhar Number, name of entrepreneur, social category, gender, physically handicapped, name of enterprise, type of organisation, PAN, address of the factory/plant, registered office address, mobile number, email id, date of business commencement, bank account number, IFSC code, main business activity of enterprise, NIC 2 Digit code, additional details of the business, number of employees, investment amount in plant and machinery in lakh. The scanned copies of Aadhar card is required to be uploaded here.

Udyog Aadhar Registration

Udyog Aadhar is a unique 12-digit number that is an official government identification number. The Udyog Aadhar is granted by the Ministry of Micro, Small and Medium scale enterprises. Once the MSME registration is done, the ministry provides the relevant certification and the Udyog Aadhar number. While this number can be applied for online as well as offline – with the Udyog Aadhar number the unit gets special government subsidies, 15% subsidy for upgradation of technology and 50% subsidy for getting patent registration; financial support to participate in industry specific exhibitions in foreign countries etc.

The Udyog Aadhar Memorandum, also called UAM is a document meant for self-certification of certain mandatory particulars of the MSME like its bank details, owner’s Aadhar details etc.

Is SSI Registration the same thing?

Yes, it is one and the same thing. SSI registration is for small scale business units and their ancillary units. The SSI unit needs to be registered with the Director of Industries at the state government level. With such registration, the enterprise gets special provisions like priority sector lending, excise exemption scheme, also exemption under direct tax laws, and interest on delayed payment etc.  

SSI Registration online 

The SSI registration online can be from the website of the Ministry of MSME. In fact, the application form for SSI registration and MSME registration is exactly the same including the details that need to be furnished. The Provisional Registration certificate is granted in the pre-operation stage. The provisional certificate is applicable for a period of five years. Once operations commences, the unit needs to apply for the Permanent registration. However if the business does not start its production in the initial five years, it can re-apply for the provisional certificate.

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In this article we will discuss what MSME Registration is, why you should do MSME Registration, the types of MSME Registrations and how can you do your MSME Registration. So let’s begin by knowing firstly what MSME is all about?

MSME stands for micro small medium enterprises. In the same category there’s another term i.e SSI which stands for small scale industries. Both fall under the same category. Now these businesses come under Udyog Aadhaar and are the foundation of economic growth and development making them the back bone of Indian economy.

The Indian government hence gives an array of benefits to them to encourage their number and progress. The benefits include things like lower rates of interests, some favouring rules regarding settlement of disputes with the distributors or promoters, more tax rebates etc. But to avail for these attractive benefits, all you need is an MSME Registration. The MSME Registration is not mandatory but it’s a good idea to get the Registration just to avail the benefits.

The laws related to MSME Registration.

The MSME Registration application is done under the MSMED act and the MSME businesses could be in both the sectors, either manufacturing or service. The MSME Registration has three categories depending on the type of work and the annual turnover or investments are put forth into that business.

Following are the three categories: -

Types of MSME Registration based on their size, Investment and turnovers

Micro Enterprises- This micro enterprise Registration category is the smallest of all three categories of MSME Registration. And the criteria for getting an MSME Registration under micro enterprise is: -

The Investment in manufacturing sector should not be more than the amount of Rs 25 lakhs.

The Investment in case your business is in service sector, should be not more than the amount of Rs 10 lakhs.

Small Enterprises-The small enterprise category is the middle one within the MSMEs and the Registration criteria for it is the following: -

The Investment for manufacturing sector of businesses should be more than the amount of Rs 25 lakhs but shouldn’t exceed the amount of Rs 5 crore.

In the service sector, the Investment must be more than the amount of Rs 10 lakhs but not exceeding the amount of Rs 2 crores.

Medium Enterprises-The very last category of the MSMEs for MSME Registration. And the criteria for it is as followed: -

The manufacturing category must have an investment more than the amount of Rs 5 crores but must not exceed the amount of Rs 10 crores.

The service sector must have an investment more than the amount of Rs2 crores and not exceed the amount of Rs5 crores.

What should you be prepared with for MSME registration application?

Government Registration frees

The MSME Registration application form.

Prescribed list of documents for submission at the registrar office.

Procedural steps for MSME/SSI Registration

Complete the MSME Registration application form or SSI Registration application form.

Prepare required documents for MSME Registration, this takes 1 to 2 days.

File the MSME Registration application along with all the arranged documents. Filing is to be done with the MSME registrar. This step takes 2 days.

Next, you submit MSME Registration application and it will get verified and your job for MSME Registration here gets complete. And you now just wait for the approval.

Now after approval, you will be granted MSME Registration certificate.

Now your MSME Registration is complete and you are eligible for availing for the government given benefits. But in case, you need the help of professionals then our reliable experts are 24/7 hr available to help you in every possible way. Dial our phone number or drop us an email anytime when you need.

The MSME which stands for micro small and medium-sized enterprises and also known as SSI which stands for small scale industry. These are common and profiting businesses that receive many benefits from the government as the government itself promotes it. Once you have decided to have your own business of this sort, you will require getting the MSME Registration or SSI Registration.

The MSME enterprise that is into manufacturing sector has its own categories depending on the monetary investment that is made to start them up. Those categories are as followed:-

• The micro-enterprises, these are the one in which the investment is less than the Rs 25 lakhs in their business's machinery and plant.
• The small enterprises are the ones in which the entities that are investing would be in an amount between Rs 25 lakhs Rs 5 crores on their plant and the machinery.
• And finally the medium sized enterprises, the entities invest the monetary amount between Rs 5 crore and Rs 10 crore.

The other category of MSME enterprises would be in the service sector. And this category is based on the amount invested in the equipment.

• In this sector again, we start with micro enterprise that has entities investing less than Rs 10 lakhs.
• The small-sized enterprises with an investment by entities being more than the amount of Rs 10 lakhs, however, less than the amount of Rs 2 crores.
• The final category of medium-sized enterprises, here the entities invest an amount between Rs 2 crores and 5 crores.

Instructions on How to fill an online form for MSME Registration?

• Fill 12 digit Aadhaar card number that was issued by the government of India to the applicant.
• Fill in the name of the applicant has been mentioned on the Aadhaar card.
• Then select your social category from the given options in the online form.
• Then select your gender from the 3 options provided.
• Mention whether you are physically handicapped.
• Fill in the name of your enterprise or the business for which you need the MSME Registration certificate for.
• Next, selection of the kind of organization your MSME or SSI is. This will be printed on your MSME registration certificate or your SSI Registration certificate.
• Now fill in the 10 digit PAN card number if in case you are involved with limited liability partnership or something like a co-operative society or a private limited / public limited. This step of PAN card number is optional in the case of proprietary firm where solo business is handled as a self-help or a unit like Hindu undivided family.
• Fill the regional location of your MSME or SSI plant.
• The address of your main office which should the address other than the plant location.
• Your email address on which you can be contacted.

We provide many services such as expert consultation, follow up, preparation of your document required, delivery of certificate and much more. You can completely rely on our online legal services related to the government. We are the preferred choice of our customers so don’t hesitate in leaving a mail to us, our representative will shortly contact you. If you are facing any trouble in MSME Registration then don’t waste your time simply reach us to get the complete guide and support of our experts. We are constantly available to help you in any circumstances.

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