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.
Here's What You Need To Do
Fill the Form
Simply fill out the above form to get started.
Make Payment
No additional compliance in most cases
Expert Guidance
Our expert will connect with you & advise on documents.
Frequently Asked Questions
Your Queries, Our Answers
An MSME Registration Certificate is a document that validates the registration of a Micro, Small, or Medium Enterprise (MSME) with the government. It provides various benefits and support to these enterprises.
Yes, MSME registration has been replaced by Udyam Registration. Udyam Registration is a new online registration process introduced by India’s Ministry of Micro, Small, and Medium Enterprises (MSME).
The main authority responsible for issuing certificates for MSME registration is the Ministry of Micro, Small, and Medium Enterprises (MSME), Government of India.
To be eligible for registration under MSME, the business should fall under the investment or turnover limits that the government has established. The type of organisation doesn’t matter, and you can be an LLP, one-person company, Hindu joint family, etc.
No, registration under MSME is not mandatory. However, it is advised that you get registered because it comes with various benefits that you won’t get otherwise.
MSME certificates are valid as long as the enterprises are up and functioning. On the other hand, if you are getting a provisional certificate, it is valid only for 5 years.
You can get your MSME certificate within 5-7 days. Check the above for the timeline.
Yes. Prior, only manufacturing and service industries were covered by MSME registration. However, the government declared in July 2021 that both the wholesale and retail sectors will fall within the MSME category.
The Indian government offers various benefits to MSMEs to promote their growth and development. Some of the benefits offered by the state and central government include:
- Financial assistance: The government provides financial aid through subsidies, tax exemptions, and credit guarantee schemes.
- Marketing assistance: The government provides marketing assistance by organising exhibitions, trade fairs, and buyer-seller meets.
- Technology upgradation: The government helps MSMEs upgrade their technology by providing financial assistance and training programs.
- Skill development: The government provides skill development programs to help MSMEs to improve their skills and knowledge.
- Infrastructure development: The government provides infrastructure development support to MSMEs by creating industrial parks, technology centres, and incubation centres.
MSME registration helps to avail of various government benefits, including easy credit access from banks and financial institutions. Banks prefer to lend to registered MSMEs as they have a better chance of receiving timely repayment.
Additionally, the government has set up various schemes like the Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGS), which guarantees up to 75% of the loan amount in case of default by the borrower. This scheme helps MSMEs to get loans at lower interest rates and without collateral security.
To check MSME registration by name, you can follow the below steps:
- Visit the official website of the Ministry of Micro, Small, and Medium Enterprises (MSME).
- Click on the Udyog Aadhaar Memorandum option.
- Enter the enterprise’s name in the search box and click on Search.
- If the enterprise is registered, its details will appear on the screen.
- Alternatively, you can also check MSME registration by visiting the District Industries Centre (DIC) office or MSME Development Institute (MSME-DI) office in your area.