MSME Registration

What is MSME ?

  • MSME stands for Micro Small and Medium Enterprises. They all are small sized enterprises and backbone of any developing economy like India. These entities provide employment to the large section of unskilled and semi-skilled workers.
  • To support MSMEs the government through MSMED Act provides various subsidies and incentives. Many banks and financial institution have also recognized and created special scheme for MSMEs

Importance of Empowering MSMEs

  • Growth of Economy
    MSME’s contribute immensely to the growth and sustenance of national economies not just across the India but in the world at large. These businesses may be small but they are resilient and occupy a key position in economies they exist in.
  • Employment oppurtunities
    Though small, these businesses are definitely mighty considering the extent to which the supply services and create employment opportunities as well as contribute to the national GDPs.
  • Innovation
    Indian SMEs are increasingly organising themselves in clusters, which improve their access to business associations are technical assistance providers. It also helps in building inter-firm cooperation that adds to productivity and innovation.


Classification of MSME

In accordance with the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are classified in two Classes:

1. Manufacturing Enterprises

  • The enterprises engaged in the manufacture or production of goods pertaining to any industry specified in the first schedule to the industries (Development and regulation) Act, 1951) or
  • The enterprises employing plant and machinery in the process of value addition to the final product having a distinct name or character or use.
  • The Manufacturing Enterprise are defined in terms of investment in Plant & Machinery for which the limits are as under :

 

2. Service Enterprises

  • The enterprises engaged in providing or rendering of services
  • These enterprises  are defined in terms of investment in equipment for which the limits are as under :


Why MSME Registration ?

 

  • Affordable bank loans

Affordable bank loans at a significantly lower rate (1-1.5%) of interest when compared to that of the loans that are usually provided by the banks for businesses.

  • Easily Available Credit

Easily Available Credit without having to provide collaterals under the Mudra Loan Scheme introduced by the current government.

  •  Quick Approval from the Governments

Quick Approval from the Governments​, both state and central, since they really want to encourage these enterprises. This means they provide the licensing and certification done at a much higher pace than what’s usually expected of our government bodies.

  •  Taxes Made Better

Taxes Made Better​- Subsidies are provided by the government on income as well as capital tax gains. Along with this the access to numerous tenders belonging to the government have been exclusively granted for the MSMEs in the hopes to promote them.

  • Benefits from Central Government

Benefits from Central Government are provided from time to time, in the form of scheme announcements for the benefit of the MSMEs, such as Credit Guarantee Scheme.

  •  Reservation Policy

Reservation Policy is one of the important advantages provided by the Central Government in the form of a policy. To help avoid the stiff competition, the central government has given exclusive rights to manufacture certain products only to this sector.

  • Credit Guarantee Fund Trust

    Credit Guarantee Fund Trust is a scheme under which the MSMEs can avail a loan upto Rs.50 lakh without any collateral. As the MSMEs are usually run by the poor and the underprivileged, RBI has directed banks to sanction such amounts to MSMEs collateral-free.

Documents required for MSME Registration

  • Documents Required for GST Registration

    Details required for MSME registration

    • Aadhar card Copy
    • Industry name & Business Address Proof
    • Bank Account details
    • Partnership Deed/ MoA and AoA
    • Copy of Licenses and Bills of Machinery Purchased
    • Copies of Sale Bill and Purchase Bill

Procedure for MSME Registration

  • Step 1

    Submit the details in the form provided above & our registration team will contact on the given contact details

  • Step 2

    Our expert will prepare your MSME Application along with the necessary supporting documents that needs to be submitted for MSME Regisration.

  • Step 3

    Once the application is prepared and submitted, the concerned MSME Office will process the application and may request for more information or documents (if required).

  • Step 4

    While processing the application, if required our registration team will help respond to any query or request for document and obtain MSME Registration.

Our Prices

Basic

MSME Registration

999 .

Inclusive of all taxes

Advanced

MSME Registration + GST Registration

2499 .

Inclusive of all taxes

Premium

MSME Registration + GST Registration + Trademark Registartion

9499 .

Inclusive of all taxes

Frequently Asked Questions

Any person, having valid Aadhaar Number, can apply for MSME Registration Online.

Yes, you can but it’s a lengthy process it is better to link Aadhar card with an active mobile number to get MSME registration certificate instantly

The Ministry of MSME, Government of India and SIDBI set up the Credit Guarantee Fund Trust for Micro and Small Enterprises ( CGTMSE) with a view to facilitate flow of credit to the MSE sector without the need for collaterals/ third party guarantees. The main objective of the scheme is that the lender should give importance to project viability and secure the credit facility purely on the primary security of the assets financed.

Yes, Aadhar Card is mandatory for MSME Registration

MSME Certificate is valid for life until you exceed the turnover criteria as defined in the MSMED Act

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 of the loans taken by them from banks.

MSME Registration can typically be obtained in 01 working days.