MSME Registration In India
Online UDYAM @ ₹1,499/-
MSME is a government-backed initiative that seeks to boost the growth of small scale industries operating in the organized and unorganized sectors. We help you to file for MSME Registration with the Ministry of Micro, Small & Medium Enterprises to avail several incentives, benefits & Concessions as a registered MSME.
MSME: An Overview
The Ministry of Micro, Small and Medium Enterprises, broadly known as MSME, is the premier Government body that deals with the formulations and management of rules, guidelines, and laws pertaining to small scale industries in India. The MSME came to effect on October 02, 2006. It aims to incentivize, facilitate, and boost the competitiveness of MSMEs working pan India.
MSME, i.e. Micro, Small and Medium Enterprises, is considered as the backbone of the Indian Economy. The MSME sector encompasses a massive number of small scale industries under its belt, making it one of the prominent GDP contributors of India. MSME is a government-backed initiative that seeks to boost the growth of small scale industries operating in the organized and unorganized sectors.
Our Package
UDYAM or MSME Registration @ ₹ 1,499/-
- Consultation with Our Expert
- Eligibility Check for MSME
- Preparation of Udyam Application
- Filing of Udyam Application
- Keeping Track of Application
- Issue of MSME Registration
Turnover Criteria for MSME Registration
The following revised turnover ratios indicate the criteria for a particular type of MSME:
Micro-Enterprise
Any enterprise or entity would be classified as a Micro-enterprise, if the investment in plant and machinery is not more than Rs. 1 Crore and the turnover is not more than Rs. 5 Crore.
Small Enterprise
Any enterprise or entity would be classified as a small enterprise, if the investment in plant and machinery is not more than Rs. 10 Crore and the turnover is not more than Rs. 50 Crore.
Medium Enterprise
Any enterprise or entity would be classified as a Medium enterprise, if the investment in plant and machinery is not more than Rs. 50 Crore and the turnover is not more than Rs. 250 Crore.
As per the government, this notification has come into effect on 01 July 2020. Hence all enterprises should satisfy the above turnover criteria to be classified under the definition of Micro, Small and Medium Enterprises.
Stepwise Process for MSME Registration in India
Fill the Application Form
The process of MSME registration can either be carried out offline or online. The applicant would have to fill in the application form with all details. After filing the application form the requisite documentation have to be prepared.
Prepare Documentation
In the next step, the applicant is required to submit all the requisite documentation for the MSME application. All information asked for should be submitted as per the requirements for MSME registration. It takes about three working days for the documentation to be processed.
Submit the Application
After providing the documents; the applicant is required to submit the same. Usually this would take about two to three working days for submitting the documentation. When the documents are submitted, the authority will verify the same along with the application.
Issuance of Certificate
In the final step, the authority will verify the documentation. If all the documents meet the requirement of verification, the same will be accepted. The certificate of registration will be issued to the applicant.
Documents Required for MSME Registration in India
- PAN Card Details/ Information of the members of the organisation or the entity.
- Aadhar Card Details of all the members of the organisation.
- Proof of ownership – Either through some form of agreement, utility bills, leased document or property documents of the premises.
- If in case the place being used is a rented premises then the proof of the payment of utility bills must be provided. Apart from this, a No Objection Certificate is required to be submitted to the authority.
- Copy of Purchase Bill of every capital goods and raw materials purchased.
- Copies of Sale Bills of all the products that are sold.
- Copy of the Partnership Deed in case the firm is a partnership entity or a limited liability partnership.
- Memorandum of Association of the company.
- Articles of Association of the company.
- Copy of the resolutions undertaken in shareholders and board meeting.
- Copies of any permits or industrial licenses required under the respective acts.
- An affidavit on Rs. 10/-Non-Judicial Stamp Paper. This must be attested and notarised by a judicial officer.
- Purchase Bill of the Machinery Installed.
- Bills relating to Purchasing and Installation of plant and machinery.