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Micro, Small and Medium Enterprises (MSME)

MSME comes under the Ministry of MSMEs. MSME contribute largely to the socio-economic development of India. MSMEs are required to be registered under the Micro, Small and Medium Enterprises Development (MSMED) Act to avail benefits from various government schemes.
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Required Documents

(Documents required of all partners, documents should be self-attested)

  1. Aadhar Card of authorize person compulsory
  2. PAN card of Company/Firm/LLP
  3. PAN card of all partner/director compulsory
  4. List of Directors/Partners.
  5. Nature of Business
  6. Shop Act /Panchayat Samithi Noc
  7. PAN card copy of all Directors/Partners.
  8. Registration certificate under any other law, if
  9. Photograph & Photo Identity of
  10. Bank Details / Cancel cheque
  11. No.of Labour
  12. Amount of Investment

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Steps for Micro, Small and Medium Enterprises (MSME)

1
Step 1
Provide basic Information
Step 1
2
Step 2
Submit scanned copy of Documents
Step 2
3
Step 3
Documents will be verified
Step 3
4
Step 4
MSME Application will be filed
Step 4
5
Step 5
Certificate will be issued
Step 5
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Step 6

Micro, Small and Medium Enterprises (MSME)

MSME comes under the Ministry of MSMEs. MSME contribute largely to the socio-economic development of India. MSMEs are required to be registered under the Micro, Small and Medium Enterprises Development (MSMED) Act to avail benefits from various government schemes. MSME acts as a primary contributor to employment, manufacturing, exports and industrial units in India. MSME registration plays a very important role in your enterprise’s growth

Sectors in which MSMEs are classified:

Sector Criteria Micro Small Medium
Manufacturing Investment <Rs.25 lakh <Rs.5 crore <Rs.10 crore
Services Investment <Rs.10 lakh <Rs.2 crore <Rs.5 crore

The revised criteria for MSME  as follows:

Criteria Micro Small Medium
Investment <Rs.1 crore <Rs.10 crore <Rs.50 crore
Annual Turnover <Rs.5 crore <Rs.50 crore <Rs.250 crore

Benefits of MSME registration:

  1. Cheaper bank loans as interest rates are lower
  2. Tax returns offered
  3. Tax rebates offered
  4. Allowed credit for minimum alternate tax to be carried forward for up to 15 years for MSME instead of 10 years
  5. Many government tenders open only to MSME
  6. MSME are given preference for government license and certification
  7. One Time Settlement Fee for non-paid amounts of MSME

What You Get

  • MSME Registration Certificate
  • Bank Account opening assistance

Frequently Asked Questions

  1. Can existing as well as new businesses apply for MSME?
    • Yes, new business and an existing one, can apply for MSME provided the business is meeting all the needs for registration
  1. Are trading companies allowed to register under MSME?
    • Yes, Now trading companies are also allowed to register under MSME because MSME has only manufacturing sector and services sector under it.
  1. For manufacturing plants in different cities, do I need to register multiple times?
    • No, you do not need to do multiple registrations for manufacturing plants in different cities.
  1. For how long is a MSME Provisional Registration Certificate valid?
    • No need to Renewal
  1. Is Aadhar Number compulsory for online MSME registration
    • Yes, It is as it stands for identification proof as well as address proof.
  1. When will MSME Registration Certificate be issued?
    • Immediately after filing online MSME application form, on email.
  1. What documents are required for MSME online registration?
    • No documents are required. Only information provided in online application form is enough.
  1. Who all can register for MSME?
    • All Micro, Small or Medium businesses, organizations, enterprises need to register for MSME
  1. If you still have any query?
    • Feel free to contact us on (mobile no.) or email id

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