Get Your Udhyam MSME Registration
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Must Know Facts about Udhyam MSME Registration
- The Indian government has many schemes to help small and medium-sized businesses survive and grow. Udyam registration is required to access these benefits. Udyog Aadhaar or SSI registration is Udyam registration.
Benefits of Udhyam MSME Registration
This method eliminates mediators and streamlines MSMEs’ support across India. Every MSME can easily register here and take advantage of the Ministry of MSME’s occasional benefits.
- When obtaining a loan from registered banks, you avail some discounts.
- Get a major advantage of a subsidy for industrial promotion and patent registration.
- An overdraft facility and interest rate exclusion are also available to you.
- You can now get your ISO Certification costs back.
- Discounts for electricity.
- Keep up with the times when applying for government contracts because this registration provides an advantage.
- Access government permits, regulatory approvals, and legal registrations with ease.
- Obtain unique exemptions from direct tax laws.
- Receive exclusive invitations to official trade portals and take part in international fairs, which are surefire ways to expand your company.
MSME Classification
| Sector | Criteria | Micro | Small | Medium |
|---|---|---|---|---|
| Manufacturing | Investment | < ₹25 lakh | < ₹5 crore | < ₹10 crore |
| Services | Investment | < ₹10 lakh | < ₹2 crore | < ₹5 crore |
Types of MSME Registrations
This is appropriate for entities that have yet to begin operations. The MSME can do the following with provisional registration:
- Obtain facilities for accommodation, land, etc.
- Obtain necessary approvals and NOCs.
- Obtain clearance from regulatory bodies such as pollution control boards and labour regulations.
- Obtain term loans and working capital from financial institutions and banks under priority sector lending.
- A PRC (provisional registration certificate) is allotted to new enterprises without field enquiry and is valid for 5 years.
Permanent MSME Registration
It is given to industrial units that are already functioning. They can avail of all the benefits available to MSMEs. The following conditions must be met to get permanent registration:
- The unit has obtained statutory and administrative clearances as required.
- The unit does not violate any regulations or restrictions.
- The value of the plant and machinery in the unit does not exceed the prescribed limits.
- There should be proof that the enterprise is not owned, a subsidiary, or controlled by another industry.
Documents Required for Udyam Registration (SSI/ MSME) Certificate
- Aadhaar card
- A bank passbook with a picture.
- Election ID card
- Passport
- PAN card
- A driving permit
- A government-issued ID card for employees (if any)
- Certificate of caste (for SC, ST, and OBC categories)
- Owner’s name and Aadhar number for the business.
- Name of the business.
- Information about the initial registration procedure for the business.
- Documentation confirming the kind of business.
- Documents pertaining to the bank account information and mailing address.
- Code for National Industrial Classification.
Eligibility Criteria for MSME Udyam Registration Online
Micro Enterprises
The investment in plant and machinery is not more than ₹1 crore, and the annual turnover is not more than ₹5 crore.
Small Enterprises
The investment in plant and machinery is not more than ₹10 crores, and the annual turnover is not more than ₹50 crores.
Medium Enterprises
The investment in plant and machinery is not more than ₹50 crores, and the annual turnover is not more than ₹250 crores.
Manufacturing, service, wholesale, and retail businesses that meet the updated MSME classification criteria for annual sales and investment can register as MSMEs. Thus, annual sales and investment determine MSME eligibility. The following companies are MSMEs:
- Individuals, small businesses, and business owners.
- Both public and private limited businesses.
- Limited Liability Partnerships (LLPs) are owned by a single person.
- SHGs (Self-Help Groups).
- Cooperative organisations.
- Trusts
How BizSetupGlobal Can Help in MSME Registration?
Step 1: Purchase of Plan
When you purchase the plan, a specialist will handle your entire GST and MSME registration process.
Step 3: Filing GST Registration Form
On the GST portal, our professionals will submit the GST registration form. They will send you the generated ARN Number for your records. 3-5 working days, depending on the government's approval, are required to receive the GSTIN.
Step 2: Upload Documents to Vault
Upload the below documents to our vault:
- PAN card
- Aadhaar card
- Proof of business registration or Incorporation certificate.
- Address proof of the place of business.
- Identity and address proof of promoters/director.
- Bank Account statement/Cancelled cheque.
- Digital signature
- Letter of authorisation/Board resolution for authorised signatory.
- No objection certificate from the owner of the property.
- Our experts will verify the documents uploaded by you.
Step 4: Filing MSME Registration
Once we obtain the GSTIN, our professionals will submit the MSME registration. You will receive the MSME Registration Certificate for your company in 2 to 5 working days.