MSME / SSI Registration
Price - 1,999/
MSME (Micro, Small, and Medium Enterprises) Registration is a process that provides recognition and benefits to businesses categorized under micro, small, or medium enterprises in India. The registration helps businesses access various government schemes and financial support.
Key Aspects of MSME Registration:
Types of MSMEs:
Micro Enterprises:
Manufacturing: Investment up to Rs1 crore and turnover up to Rs5 crore.
Service: Investment up to Rs10 lakh and turnover up to Rs50 lakh.
Small Enterprises:
Manufacturing: Investment up to Rs10 crore and turnover up to Rs50 crore.
Service: Investment up to Rs1 crore and turnover up to Rs5 crore.
Medium Enterprises:
Manufacturing: Investment up to Rs50 crore and turnover up to Rs250 crore.
Service: Investment up to Rs5 crore and turnover up to Rs25 crore.
Benefits of MSME Registration:
Access to Credit: Easier access to bank loans and credit facilities.
Subsidies and Incentives: Eligibility for various government subsidies, incentives, and schemes.
Priority Sector Lending: Benefits under priority sector lending by banks.
Protection Against Delayed Payments: Legal protection against delayed payments from buyers.
Tax Benefits: Possible tax exemptions and rebates.
Application Process:
1. Prepare Documents:
PAN Card of the enterprise.
Aadhaar Card of the owner.
Business address proof (e.g., utility bills, rental agreements).
Bank account details.
Details of business activities and investments.
2. Visit the UDYAM Portal:
The UDYAM Registration Portal is the online platform for MSME registration.
3. Fill Out the Application Form:
Provide details about the enterprise, including name, address, type of enterprise, and investment details.
Specify the type of business (manufacturing or service) and the number of employees.
4. Submit the Form:
Submit the completed application form along with the required documents.
5. Receive UDYAM Registration Number:
After processing, you will receive an UDYAM Registration Number, which is a unique identifier for the MSME.
Validity and Renewal:
Lifetime Validity: MSME registration is valid for the lifetime of the enterprise, but you need to update the registration in case of changes to your business details or if you outgrow your MSME status.
Compliance Requirements:
Annual Reports: Maintain and submit annual reports and updates to the MSME registration.
Record Keeping: Keep detailed records of investments, turnover, and employee information.