COMPLETE PROCESS OF MSME REGISTRATION

What is MSME and its benefits

Any company that comes under the category of MSME needs to ensure they are registered under the MSME category. MSME registration stands for the micro small and medium enterprises registration. MSMED Act has been launched by the government of India to support the MSME through various schemes, subsidies, and incentives. With MSME Registration, banks also provide the loans at lower rate of interests.

No Fees required Registration is free of cost

MSME

 

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Eligiblity Criteria for MSME Registration

MSME enterprises of the Manufacturing sector as well as Service Sector can be categorized on the basis of the amount invested in plant and machinery –

1.      Micro enterprises– Entities investing upto 1crore and turnover upto 5 crore.

2.      Small enterprises– Entities investing upto 10 crore and turnover upto 50 crore.

3.      Medium enterprises– Entities investing upto 20 crore and turnover upto 100 crore.

 

Documents Required for This Process

The following are the documents required for the registration process

1. Aadhar number of the applicant

 

2. Name, gender, PAN number, email id and mobile number of the applicant.

 

3. PAN, location, and address of the organization.

 

4. A number of employees and the date, you are planning to start your business.

 

5. Bank account number and IFSC code

 

6. The basic business activity of the enterprise

 

7. NIC 2 digit code

 

8. Investment in plant and machinery/equipment

 

9. MoA and AoA

 

10. Copies of Sales Bill and Purchase Bill

 

Step by step registration process for MSME

1. Start Registration Process

            Go to Adhaar udhyog website to start the MSME Registration Process.

 

2. Fill Application Form

            At the first step, you have to fill basic details in MSME Registration form.

 

3. Enter Personal Details

Required to fill in all your personal details such as name, address, PAN Card, bank account details registration process. Also, a photo needs to be uploaded.

4. Executive Will Process Application

At this process, an MSME executive will review your application. In case of any discrepancy, you will be notified about the process and make the relevant changes.

5. Receive Certificate of Mail

After filling the complete form you will get the certificate for MSME Registration.