MSME Registration
As alittle entity, you'll have access to priority tax exemptions, sector lending, and capital investment, and power tariff grants by registering under Udyog aadhar MSME SSI registration online. MSMEs are nothing but Micro, Small, and Medium Enterprises which contribute primarily to the socio-economic development in India. To register under the Udyog Aadhaar just you need to fill the registration application with an Aadhaar Card which acts as the sole legal document.
What is MSME?
As per MSMED or Micro, Small, and Medium Enterprises Development Act of 2006, MSME or Micro, Small, and Medium Enterprises are classified into two differing types and are as follows:
Manufacturing Enterprises are involved in the manufacturing or production of goods in the industry.
Service Enterprises are engaged in supplying or providing services.
The eligibility criteria for MSME Registration
The difference between the services and manufacturing enterprises is removed by the recent Atma-nirbhar Bharat Abhiyaan Economic Package which was announced by the finance minister of India, Nirmala Sitharaman. The investment amount and annual turnover are made similar for industries or enterprises involved in both the service and manufacturing sectors.
Documents required for MSME Registration Online
- Aadhaar card
- Rent agreement
- Property paper
- Canceled Cheque
- Company Registration i.e., Sale or Purchase Bill and PAN card
- Business Address Proof
- For self-owned premise: Lease deed, land tax receipt, possession letter, allotment letter, etc.
- For rented premise: NOC from the owner , rent receipts, utility bills or documents evidencing the landlord’s ownership, etc.
- The charges to get an MSME certificate are Rs. 1999 (all-inclusive) per certificate and can be paid by their secured gateways.
MSME Registration Process
- MSME registration is to be done in the government portal of udyamregistration.gov.in. The registration of MSMEs are often done under the subsequent two categories within the portal
- For New Entrepreneurs who aren't Registered yet as MSME and
- For those having registration as EM-II or UAM and For those having registration as EM-II or UAM through Assisted filing
- For New Entrepreneurs who are not Registered yet as MSME
- New entrepreneurs got to click the button “For New Entrepreneurs who aren't Registered yet as MSME” shown on the house page for registering MSME. New registration of MSME is done by entering the Aadhaar card number in the following two ways-
- Registration With PAN Card or
- Registration Without PAN Card
Registration With PAN Card:
- When clicked on the “For New Entrepreneurs who aren't Registered yet as MSME” button on the homepage of the govt portal, it opens the page for registration and asks to enter the Aadhaar number and therefore the name of the entrepreneur. After entering these details, the “Validate and Generate OTP Button” is to be clicked. Once, this button is clicked and OTP is received and entered, the PAN Verification page opens. If the entrepreneur features a PAN Card, the portal gets the PAN details from the govt databases and automatically fills details on the page. The ITR details are to be filled in by the entrepreneur.
- Once PAN details are entered, a message appears as “Udyam Registration has already been done through this PAN” and therefore the entrepreneur must click the “Validate PAN” button.
- After verification of PAN, the Udyam Registration box will appear and the entrepreneurs need to fill in the personal details and details of the plant or industry.
- Once the details are filled, the “Submit and Get Final OTP” button is clicked, the MSME is registered and a message of successful registration with a reference number will appear. After verification of registration, which may take a few days, the Udyam Registration Certificate is issued.
Registration Without PAN Card:
- The button “For New Entrepreneurs who aren't Registered yet as MSME” is to be clicked on the homepage of the govt portal. It opens the page for registration and asks to enter the Aadhaar number and therefore the name of the entrepreneur. After entering these details, the “Validate and Generate OTP Button” is to be clicked. Once, this button is clicked and OTP is received and entered, the PAN Verification page opens. If the entrepreneur doesn't have a PAN Card, the “No” option under the heading “Do you've got PAN?” is to be clicked and then the “Next” button.
- After the “Next” button is clicked, the MSME Registration Online page opens where the entrepreneur should enter his personal details and plant or industry details.
- Once the small print are filled in, “Final Submit” is clicked and a many thanks message will appear with the license number .
You can use it to open your bank account and request various other documents under other government systems.
Lifetime and electronic validity The Udyam registration is a completely online process and therefore the Udyam registration certificate is also an online document and therefore there is no physical copy if it has to be saved or presented somewhere.In addition, this document does not expire unless you voluntarily request a cancellation and therefore do not need to renew it in the future.
MSME Samadhaan The Ministry of MSMEs has launched the MSME Samadhaan portal to help MSMEs collect their bad debts.
TReDS Platform The Ministry created the TReDS platform to help MSMEs take advantage of this closed network of MSMEs across India.
Various MSME Ministry Programs MSME Ministry Ministry from time to time introduces many programs to encourage the growth of the MSME sector in India.
Eligibility for senior sector loans After receiving Udyam registration, the MSME is automatically entitled to senior sector loans from various banks, the MoUs with the ministry have signed for MSMEs.These guidelines are issued by the RBI and according to the RBI currently the categories of loans to the private sector are: Micro, small and medium-sized enterprises Agriculture Education Housing Export credits Social infrastructure Renewable energies Other It can be clearly seen that the MSME sector is on the list of priority sector loans.
In the new years to help the limited scale business in the country the public authority of India has started the Udyog Aadhaar registration measure.
Businesses enrolled under the Udyog Aadhaar are qualified for get advantages of a few government plans like appropriations, simple credit endorsements and so on The significant advantages by enlisting under Udyog Aadhaar is summed up underneath:Simple Availability of Collateral Free advances from banks half appropriation for patent enlistment Rearrangements in getting Licenses, endorsements and different enlistments Repayment of ISO Certification Appropriation on NSIC Performance and Credit evaluations: Concession in power charges and may more DETAILS REQUIRED FOR UDYOG AADHAARComing up next are the subtleties needed at the hour of enrollment of Udyog Aadhaar: Twelve digit Aadhaar number which is given to the candidate.
Name of the Entity under which it is directing its business.
Kind of Business element like Individual, firm, organization and so forth Postal Address of the business for correspondence purposes including contact numbers and email address.
Subtleties of any past MSME registrationBanking subtleties of the organization which incorporates Bank Account number and IFSC Code.
Key spaces of action of the business – administration or assembling.
Udyam Registration Process Stage 1: Visit the Official Website.
Stage 2: Enter Your Personal Information.
Stage 4: Filling Correspondence Details.
Stage 5: Fill the Bank Details.
Stage 7: Select the District Industry Center and Accept the Declaration.
