Micro, Small and Medium sized enterprises in both the manufacturing and service sector can obtain MSME Registration under the MSMED Act.
Price Rs. 3,499/-
The above rate is exclusive of GST@18%.
1) Proof of Establishment (Sale Deed or Rent Agreement)
2) Bank Statement or Canceled Cheque
3) Aadhar Card and Pan Card of the Authorized Person
Document and Information
We collect the information and verify documents before proceeding for filing.
Once we collect the information, we file the application for MSME registration
Once Application Submitted, Acknowledgment and Memorandum for MSME registration under MSME Act gets generated.
MSME stands for micro, small and medium enterprises and any enterprise that falls under any of these three categories. MSME enterprises are the backbone of any economy and are an engine of economic growth, promoting equitable development for all. Micro, Small and Medium sized enterprises in both the manufacturing and service sector can obtain MSME Registration under the MSMED Act.
There are multiple benefits available to an organization registered under MSME and some of them are:
You can get cheaper bank loans
Access to Mudra loan scheme
The MSME/Udyog Aadhar Registration is only needed to avail of benefits, subsidies provided by government to small scale industries and service providers time to time. It is absolutely voluntary. However, as it is a fairly easy registration to get quickly (provided you have a manufacturing plant or a commercial space where you render services), many business opt for it over other registrations.
Micro Enterprises: Micro enterprises are the smallest entities, of course. Micro manufacturing enterprises have investment of less than Rs. 25 lakh in plant and machinery, while micro service enterprises have less than Rs. 10 lakh invested.
Small Enterprises: Small manufacturing enterprises may have between Rs. 25 lakh and Rs. 5 crore invested in plant and machinery, while small service enterprises may have between Rs. 10 lakh and Rs. 2 crore invested.
Medium Enterprises: Medium manufacturing enterprises may have between Rs. 5 crore and Rs. 10 crore invested in plant and machinery, while small service enterprises may have between Rs. 2 crore and Rs. 5 crore invested.
All banks and other financial institutions recognise MSME and have created special schemes for them.
This usually includes priority sector lending, which means that the likelihood of your business being sanctioned a loan is high. Bank loan interest rates will also be lower. There may also be preferential treatment in case of delay in repayment.
MSME Registration is valid for the lifetime period.